A senior realtor is not a senior citizen who happens to be a real estate agent. A senior real estate agent is a person who specializes in helping older individuals when it comes to their real property. As you transition from your current property into assisted living, you need to sell your home and possibly your assets as well. Or, it may be time to come up with an estate plan so family members around you don't have to wonder what to do with your assets when the time comes. You need a realtor who has experience working with seniors who are moving from their homes so you have the best experience in real estate possible.
Why hire a senior realtor when transitioning into assisted living? Here is a guide to help you understand why this type of real estate move is a benefit to you. You can find a senior real estate agent by asking your local real estate company for a referral, or by asking your children, your doctor, or a community leader for a referral. Senior real estate agents often have additional training that make them different from other realtors and more beneficial to you.
You learn how your current government assistance can affect your home
If you're on government assistance like Medicare or Medicaid, selling your home for profit may have an impact on your eligibility to remain in the health program. You need a senior real estate agent who understands how receiving needed government and state assistance can impact your real estate options so you can navigate selling your home and getting into assisted living without unexpected hangups.
You learn how to plan out your estate for the comfort of your family
Are you wanting to sell your home so you have more assets for your family to inherit when you reach the end of your life? Are you wanting to plan your estate now, and possibly keep or rent out your home instead of selling it? Do you have children that are concerned about what you're going to do with your property when you move into assisted living?
Senior realtors can help you every step of the way, from selling your home to keeping your property and making the most of your investment overall. If you have questions about financing your home in other ways, such as with a reverse mortgage or other financial option and your children have concerns as well. Your senior real estate agent can bring comfort to everyone by helping you make educated decisions about your assisted living transition and any real property you have already.