Real estate transactions for seniors are unique. There are factors to consider that don’t affect younger buyers and you may not have thought about.
Senior Real Estate Specialists (SRES) are trained to evaluate and help you understand implications for seniors including the points below (from RetirementLiving.com):
- How using pensions and other retirement accounts in real estate transactions work.
- The positive sides and the potential downsides of using reverse mortgages.
- SRES agents are trained to spot mortgage and other loan schemes that are designed to trick and scam seniors out of their finances or even their homes.
- SRES agents will help you understand estate planning and how Medicare, Medicaid, and Social Security affect your property and finances as you age.
- There are unknown pitfalls of Medicaid, such as their right to recover costs spent on your care even after you die in some situations. An SRES can walk you through scenarios that include your rights and what can happen should you have liens or unpaid medical expenses, most notably through Medicaid Estate Recovery.”
RetirementLiving’s 3 primary benefits of using an SRES:
- An SRES understands senior housing options and what they have to offer including Universal Design and other accommodations.
- An SRES prepares you for the financial consequences of senior real estate transactions such as how pensions and retirement works in real estate transactions.
- An SRES has a wealth of resources to assist you with your relocation including senior relocation companies, senior housing advisors, financial and legal organizations specializing in working with seniors etc.
>>Contact SRES Atlanta Seniors Real Estate for a complimentary consultation.
You must be logged in to post a comment.