Is it Time to Sell Your Home? Senior Edition

Have you recently been thinking it may be time to move to a senior-supportive environment or perhaps move in with family members who can assist with your needs as time goes on?

Many seniors may prefer aging in place in their home they’ve raised their kids in, created memories that will last forever in — but circumstances may prevent that from being an option.

  • Home maintenance becomes a hindrance
  • Financial hardship
  • Support services are needed that are not available at home

Whatever the reason, there may come a time to sell your home. If and when that time does come, here are some questions (from the NAR) you may want to ask yourself:

  • Is moving the best option? If so, where? — Assisted-living facility, smaller home, retirement community?
  • Are close family members on board with the choice to sell?
  • What is the best way to downsize a lifetime’s worth of possessions and family heirlooms?
  • What are the tax-related implications of a sale?
  • What effects might a sale have on future income?

As an SRES, Senior Real Estate Specialist, feel free to reach out if you have any other questions or would like to chat more.

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Mrs. Evaughn Lincoln

July 28, 2022

I like you informational piece, but we are retired mainlander looking to relocate to Hawaii in order to be closer to family and friends. We are not interested in home purchase. We currently live in a very independent active adult community and we are hoping to find something in Hawaii along the same lines that we can rent. A condo would be preferable.
Please get back to me and let me know if you have anything similar. 1 or 2 bdrms, 2 baths is more than enough space for the 2 of us. My husband is a veteran and hopefully there are some assistance we might be eligible for. Thank you and Aloha

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