Like many thirtysomething couples with kids, Clint and Denielle Chaney of Edmund, Okla., face financial challenges. How to save for both college and retirement at the same time, for one. How to teach the children good spending habits, for another. Then, though, there are the concerns less universal to couples their age and more particular to their family situation—Clint’s sons from his previous marriage, CJ, 15, and Cadon, 11, live with them most of the time, and Denielle is expecting their first child together this April. These questions are tougher: What’s a fair amount for Denielle, an attorney, to contribute to major expenses for the boys? What’s the best way to make sure that if something happens to Clint, who owns a mechanical contracting company, everyone is clear about how much money he wants his older sons to inherit and how much goes to Denielle and their baby? “I don’t want to be making these decisions,” says Denielle. “I don’t want his ex-wife or other relatives saying, ‘Why did you take this or why didn’t you give them that?’ ”
Toughest of all: How can they ease the resentment that Denielle sometimes feels about not having an equal say in how the boys are raised when she is contributing substantially to their support? Says Denielle, “I’m not Clint’s sons’ parent, but I pay for them like a parent, and that can be hard.”
For decades the classic financial planning playbook has been based on a set of common assumptions: A man and woman meet, fall in love, marry, have kids, and build a life together. These days, however, millions of families find themselves following a different pattern that calls for new strategies. Over the past few decades huge demographic shifts have reshaped the American family to include blended households like the Chaneys, married gay couples, single parents, unmarried partners living together, and myriad other permutations. Shifting TV icons tell the story: Ozzie, Harriet, and the Cleavers yielded to the Bradys and then to the Gilmore girls, before expanding to include Jay and Gloria, Cam and Mitchell, and assorted Kardashians.
Many people unfamiliar with the real estate industry use the terms real estate agent, broker and realtor interchangeably. There are differences between the three titles, however, the most important being the services each real estate professional offers to those in need of real estate services.
American home owners sell and move, on average, every five to seven years. Why do home owners move? People who have lived in the same home for the past 30 years have a hard time understanding this phenomena. They are shocked that people move so often, but I know one thing for certain: Their day to sell and move will come as well.
Boomers stand to inherit upwards of $27 trillion over the next four decades, according to The Center of Wealth and Philanthropy at Boston College, and a portion of that includes the house their parents lived in.
For Sale By Owner, or FSBO, is the process of selling real estate without representation by a real estate agent. There are many factors to weigh when considering selling FSBO v. hiring an agent. Will I price it right? Who will prepare the documents?
When you want to make a quick deal, you should be finding the investors who are regularly investing in the real estate property. When the investors are regularly investing in the real estate properties, you can be sure that it would become much more easier for you to get the right kind of property as well.