Are you or your family wondering if it is time to sell your home and move to a senior community? Or perhaps move in with an adult son or daughter? It can be hard to think about leaving the family home filled with a lifetime of memories. In fact, sometimes it is harder on adult children than on those considering the move.
Many seniors prefer aging in place, but there often comes a time when that is no longer practical for a variety of reasons.
- Home maintenance becomes a burden
- A major life event forces considering a move
- Financial concerns make it difficult to keep your home
- Support services are needed that are not available at home
- You want to live closer to adult children or other caretakers
Even if you have bought and sold homes and moved in the past, selling your home where you have lived much of your life is different. Often other family members are involved, and you may have a lifetime of treasures you have collected that keep you from moving because you don’t know what to do with all your ‘stuff’ if you move.
Often families help sort through questions such as…
- Is moving the best alternative? If so, where? Have you looked at other options?
- Is your immediate family on board with your decision to sell?
- What is the best way to downsize a lifetime of possession and family heirlooms?
- What are the tax implications of a sale?
- What effects will a sale have on your future income?
Moving On is a helpful 34-page guide compiled by SRES, Seniors Real Estate Specialists of the National Association of Realtors. It can assist you and your family sort through these issues and make a plan to move forward. Follow the link below to order your free copy. If you would like more than one copy for multiple family members, simply mention that in the comments when you make your request and we will send you multiple copies.
If you make the decision to sell your home, choose an agent who has knowledge, experience and compassion in dealing with senior issues… someone who is patient, a good listener and understands the emotional demands… someone who can interact easily with all generations including seniors, adult children and caretakers.
Contact us for a free consultation. Sharlene is an SRES who has helped many seniors and their families… we would love to help you.