Are you thinking of a change of pace, a change of scenery or a change of course?
Is it time to sell your home?
Are you thinking of selling your home to move to a senior- supportive environment? Or perhaps to move in with an adult son or daughter who can help with your needs, as you grow older?
You may be considering leaving the family home with all that it represents—the place where children were raised; the safety and security of a family unit; the physical space where your oldest and dearest memories reside. For seniors, it can signify the best years of their lives, where friends and community ties were made.
Many seniors would prefer to continue living in their own home, or aging in place. Sometimes, circumstances work against those preferences:
Home maintenance becomes a burden
A major life event forces considering a move
An aging parent wants to live closer to adult children or other caretakers
Financial concerns make it difficult to keep the home
Support services are needed that are not available at home
Whatever the reason, there may come a time when parents, along with their adult children, consider selling and moving on. This booklet is designed to help guide your family through the complex issues and unique situations you may encounter during the process.
Selling a senior’s home is different
Many homeowners have previously bought and sold homes. However, selling a senior’s home can be much more complicated, due to the number of unique issues and decisions—and sometimes the number of people involved. Though seniors usually make the decision to sell, it is not uncommon for adult children to help them sort through these and other issues:
Is moving the best alternative? If so, where? Have other options been explored?
Are close family members on board with a decision to sell?
What is the best way to downsize a lifetime’s worth of possessions
and family heirlooms?
What are the tax-related implications of a sale?
What effects might a sale have on future income?
The financial, logistical and emotional issues involved in a move can be stressful for a family to navigate. Senior parents and their adult children may feel they are in unfamiliar waters as they deal with these questions.
I am a real estate professional who has experience in senior’s issues, and who can put you in contact with other similarly-trained professional advisors, can be an invaluable resource at this time. You can count on my expertise and experience to help guide you through the process and the special considerations, making the transaction less stressful and more successful.
Please contact me for a Free, no obligation “Moving On” guide to housing resources tailored to seniors in transition and their families.