Ask Jennifer: Buying/selling houses

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June 3, 2013, 12:26 pm
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(NECN) - As the real estate market begins to recover a lot of people have questions about buying, selling or renting.
     
Joining us to answer some of your questions is Certified Financial Planner Jennifer lane, from Compass Planning Associates.
 
Our first question is from Beth in Gardner, Mass.
     
Beth asks, "We'd like to sell our house next year when we retire, but the kitchen was last redone 15 years ago and my husband thinks we need to redo it again, I think it's fine. Who is right?"

Lane says to ask a local realtor and that small fixtures that are easy to do may increase the value.   

Jason in Duxbury, Mass. asks, "My mother is moving to a retirement community and wants to sell or give my daughter her house. It's too small for a big family, but it's a great starter home and could be a rental. Is there a down side to gifting the house if my mom doesn't need the money?"

Lane says it depends on her long-term plans and that a family mortgage could be something to look into.     

Watch the attached video for more.

If you have a question to ask, send an email to Jennifer@necn.com.

Tags: Home, Jennifer Lane, House, homeowners, Ask Jennifer, mortgage
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