Helping Older Adults Through the Moving Process

(Posted with permission from Mike DeLeon at Caring Transitions)

Here are a few tips from the experts to help you create a plan that can help you manage a move for an older adult.

  1. Don’t make seniors feel guilty. Avoid saying things like “Why did you hold on to this for so many years?” while sorting through belongings. Statements like this can cause stress and make seniors feel like a burden.
  2. Save photo albums for LAST. They can surface too many memories at once, which slows the process and triggers waves of emotions.
  3. Set a timer. Grab a kitchen timer or your phone and set it for one hour. Take a break once that hour is up.
  4. Color-code with Post-It Notes. Seniors have a tough time reading small writing. Color-code with post-it notes so PINK is pack, GREEN is sell, and BLUE is give away.
  5. Bring a door stopper. Doors get in the way, especially for older folks. Bring door stoppers to prop doors open to allow for easy room access for Grandma, and for large boxes and furniture.
  6. Consider online platforms for estate sales. Most seniors are not internet savvy, but their children/grandchildren usually are. There are many online estate platforms like CTBIDS.com, that sell everything online as buyers bid.  No in-person estate sales with strangers walking through the home and haggling over prices. The online estate sale platform handles it all, allowing the family to make money from hidden treasures around the home. 
    Best Sellers:  Electronics, jewelry, collectibles, and durable medical equipment.
    Items That May Not Sell Well: Large off-trend furniture, off-trend or well-worn clothes and kitchen utensils.
  7. Keep a schedule. Many seniors like a routine and stress if it’s altered. If the senior goes to bed at 10pm every night, don’t try to keep packing late at night.

Caring Transitions® takes steps to train and screen every employee and has developed estate sale standards that uphold the values of integrity and honesty for over 10 years. Since many of our clients are older adults, each of our offices are independently certified to support a “senior move” and help mitigate the effects of stress, health and common cognitive issues which are frequently challenges for late life relocations. In Atlanta, contact Caring Transitions’ Mike DeLeon – mdeleon@caringtransitions.com.

Will You Downsize or Rightsize?

Is it time to move to a larger or smaller space? Whether choosing to move now or later, you should start asking the right questions today.

Here’s how to tell if you should move to a larger space:

  • You need to make room for aging parents or relatives who cannot afford to age in place or an elder care facility
  • You must make room for returning children
  • Your home is overflowing with furniture and miscellaneous items that have no place to go
  • You are running out of storage space

How to tell if you should move to a smaller space:

  • You or your partner has health complications that are not suited for the current layout of your residence
  • The thought of caring for your yard, multiple bedrooms, or general upkeep seems stressful
  • Moving could save you money in retirement
  • Your home has lots of space that is never used

A few other factors to consider before deciding to rightsize:

  • You’ve decided to move closer to children or grandchildren to make new memories with family
  • As your wants and wishes change, your neighborhood may no longer provide what you need
  • Your home no longer appeals to you and you are not in the position to nor desire to remodel
  • Selling your home could yield exponential financial benefits

Rightsizing can be new, exciting, and in some cases frightening. Considering the tips on this list can give you a great head start. Your next best option is to contact a Seniors Real Estate Specialist who will help you work out a plan of action and time frame best suited to your needs.

For Full Article of questions and video to help you when it comes to relocating Click Here
Source: Lisa Haskell, Owner of Caring Transitions of Central Gwinnett  Click here to contact them.

Independence from Mortgage Payments!

Did you know you can purchase a home, even new construction, with a Home Equity Conversion Mortgage? It’s a reverse mortgage that doesn’t require you to make a monthly payment.

I’ve had many conversations about this very issue with numerous senior clients who are concerned with having a mortgage in their 80’s and 90’s. Especially now, when the cost of living just seems to keep on rising for them.

In this time, most people are realizing the power of cash – accessible cash that is.  As we age, it is important to have access to the money we have earned over the years in order to help us manage our chosen lifestyle and our health in the retirement years. A forward mortgage, such as a conventional home loan, a VA or FHA loan requires you to spend every month by paying back principle and interest, which puts pressure on your bank balance. Whereas a reverse mortgage allows you to keep your money in your pocket to use how you wish, with an option to pay or not to pay a monthly amount toward principle or interest.

Beware, not all reverse mortgages are equal. Be sure to speak to a professional who is willing to sit with you at your kitchen table (or their office) to explain the details. Online services are unlikely to do that, and may lead you into signing documents without explaining everything you need to know.

Consider this information as a tool you can use for your financial wealth.

3 Ways to Buy a Home

Presented in partnership with Genie McGee a Reverse Mortgage Planner with Fairway Independent Mortgage Corporation.

If you need to know how much equity you have in your home, contact me for a complimentary real estate market analysis.