As most people grow older, they have many decisions that need to be made. One of these decisions, which can sometimes be quite difficult, is whether or not to stay in their home or move to a senior facility. While family and friends can offer help and lend support, the tasks can often be overwhelming. Here are just a few instances where a Senior Real Estate Specialist was able to help seniors navigate that sometimes bumpy road.
Jack has found himself in a position where he could no longer take care of the day-to-day tasks of homeownership. Raking leaves, shoveling snow, cleaning the gutters, trimming bushes, and mowing the lawn were no longer chores Jack could do now that he was confined to his wheelchair. The general home repairs that Jack loved to tinker with were no longer projects he could tackle. Even the housecleaning, cooking and laundry presented their concerns. Jack found himself making a decision to move into an assisted living facility. This was not a decision he contemplated lightly. After looking at all the pieces, including the financial, social, and medical, he came to the conclusion that he had made a great decision. Upon moving in, he immediately recognized many familiar faces. Jack quickly found his place amongst his peers and joined in on many social activities and even became “president” of the board. He was happy and knew he wasn’t going back to his previous home. But then his mind was running rampant with questions of the how, what, and when of selling his previous home. Where to even begin? What would he do with all his stuff? How would he get it ready to put on the market? Jack had a meeting with his children who lived in town and they made an arrangement to meet with a Senior Real Estate Specialist (SRES) to discuss Jack’s concerns about the sale of the home.
Q. How did the SRES Realtor help Jack and his family?
A. The SRES Realtor had the resources to coordinate emptying the home, cleaning carpets, house cleaning, any repairs that were needed, and lawn care, etc. All of the things that weighed on Jack’s mind were taken care of. The SRES Realtor listed his home, held an open house, and sold it in seven days. Jack’s responsibilities and his children’s chore lists were no longer an issue. The children knew Dad was going to be happy, well fed, and well taken care of and that finances were not going to be a concern. Jack and his children had the peace of mind knowing all his affairs were in order.
Mae was a widow who wanted to continue to live in her home as long as possible. Mae and her family were dealing with the challenges of the beginning stages of dementia. It was very important to have all of her estate affairs in order. She updated her estate planning documents. The family encouraged Mae to visit assisted living facilities in the area and to have a market value done on her home, which was her biggest asset, to determine her available equity. She also had an emergency call center support system put into place to provide safety and peace of mind for her and her family. Ultimately, Mae was able to live out her life in her home. All of her affairs were in order with only her home left to be sold.
Q: How is a SRES Realtor able to help Mae’s family?
A: The SRES Realtor was able to assist the family by providing a value for the home, suggested improvements to result in the highest return, and provided the family with trusted resources for repairs and improvements such as removing wallpaper and outdated carpet to feature original hardwood floors. The Realtor also made herself available at the family’s estate sale to answer questions and show the home to potential buyers.
Rea has a special story to tell. She was a single career woman who developed severe dementia, which caused her to be somewhat out of touch with reality. She became a hoarder collecting pretty things and supplies. Not having any immediate family to check in on her, she unknowingly neglected her home. Major roof damage and mold made her house uninhabitable. Rea started seeking shelter elsewhere and eventually found her home to be at a local memory care facility where her assets were to finance her care through Medicaid.
Q: What role did the SRES Realtor play in Rea’s story?
A: The SRES Realtor was called upon to provide a value for the home, determine if the house was salable, and provide resources for cleanup, maintenance, and lawn care.
If you or someone in your family are contemplating their options on where to spend their senior years, contact a SRES Realtor today to help with some of your questions.
Written By Shannon Fonner, Sunflower Real Estate Group, LLC