Housing Options for Seniors - Eric McCartney SRES®

Housing options for Seniors - Eric McCartney Real Estate Broker, SRES®

Why do you want to sell and where are you moving?

Information on this page is Published by the SRES® Council, Seniors Real Estate Specialist

Making the decision to move can be difficult. Sharing the reasons for moving, be they financial, care-related or other, can help Eric provide you with a broad array of options to make the process as easy as possible.

Many seniors can take heart in knowing that their next move is to the home of an adult child. Other seniors and their families face the task of selecting a home which will meet their needs in terms of care, community, and comfort.

Choosing the type of housing that meets your family’s current needs, and anticipates future needs, can be a challenge. Further, it can require a significant financial investment depending on the level of care desired.

Eric can help you navigate this process. He can:

· Familiarize you with the various types of senior housing available in your area.

· Suggest important questions to ask when you’re visiting various housing options.

· Refer you to other professionals who can help you understand and compare the true costs of each option, determine which options are affordable based on your financial situation. Always have a solicitor examine the legal contract involved in the process.

· Suggest a geriatric case manager to help determine the parent’s needs.

· Selling a home can trigger significant taxation. Capital gains taxes may apply in the event the sales proceeds aren’t used to buy another home. Before listing a home, it’s a good idea to consult a tax specialist or professional financial advisor to determine how a sale will affect your finances. If you don’t have an advisor, Eric your SRES® can provide you with a list of referrals to choose from.

Eric can be contacted at 1-800-463-0002 Ext. 2216 or you can e-mail him at eric@mccartney.me

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