24
PALM TREE
Selling Your Home Prior to Making the Transition
Look for an experienced Real Estate Agent!
Lifestyle needs are more directly related to the health issues we may experience as we age. Just as our fi nancial status may change based on our age. Therefore, it’s important to not only take care of your health as you age, but also make good fi nancial future planning decisions.
These two factors directly impact your housing options when planning to move out of the family home. Will you be moving into a 55 plus community or an assisted living community? And will you be able to aff ord your choice of community? Assisted Living requires self- pay and selling a home may give you the income you need to help pay for your care.
Maybe you are going to stay in the family home, but your spouse will be moving into Assisted Living. Will a reverse mortgage be appropriate for you in this situation to pay for your loved one’s care? Or did you and your spouse invest in a long-term care policy to off set the cost of Assisted Living.
A Real Estate Professional is experienced in answering these questions and understands the potential fi nancial needs of seniors. A realtor will also provide adult children with support, when faced with making the decision to move their parents into Assisted Living.
When relocating a realtor specializes in:
1. Helping you and your family understand all the important choices that lay ahead when moving out of the family home.
2. Understanding the emotional aspect of making choices that will impact you or your loved one’s lifestyle.
3. Providing fi nancial information and other useful resources specifi c for your situation.
4. Helping you and your family make educated decisions about available housing options for you or your loved one.
5. Helping plan the best strategy for fi nding you the right community that best fi ts your situation.
24
ELDER LIVING GUIDE
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