2011-04-07

Seniors Caught in a Catch 22.

 “Too many seniors are caught up in a Catch 22 today which is sure to have a negative impact on their lives in the long haul,” says Chuck Fanaro, owner of Saddlebrook Farms, an active adult community in Grayslake, Illinois. He has been working with the 55-plus market for over 30 years and says he has never before seen a convergence of circumstances that exist in today’s real estate market.

“There are people out there who absolutely need to move. They are struggling with too many stairs, unsure of how much longer they can afford to maintain their home, and unable to keep up with the maintenance issues. However, they can’t sell their home, at least not for the price they are willing to accept.”