Real estate transactions can be quite complicated, which is why one should always work with a real estate agent who specializes in helping clients navigate all types of real estate situations. Personalized service is very important when working with a real estate agent, which is why senior real estate specialists offer additional services to older people who may need assistance. A senior real estate specialist undergoes extensive training to obtain this certification, and you can count on them to offer everything that you may need when dealing with a real estate transaction. Below are some of the many benefits seniors can enjoy by hiring a senior real estate specialist.
Understanding Reverse Mortgages
A real estate transaction does not always involve buying or selling a home. Some senior citizens who own their home outright may be interested in taking out a reverse mortgage, which allows them to use the equity in their home to subsidize their income. A reverse mortgage can be a great option for some, but not a good idea for others. If you or a senior loved one are interested in a reverse mortgage, it is in your best interest to speak with a senior real estate specialist. A senior real estate specialist has a deep understanding of reverse mortgages and can help you determine if it is a good option for your situation.
Knowledge of Adult Communities
A lot of older people find the idea of living in an adult community, where residents usually have to be over the age of 55, very intriguing. If you are interested in learning more about adult communities in your area and want help narrowing down your options, working with a senior real estate specialist is a great idea. Your agent will know all of the adult communities in your area and will be able to answer any questions that you may have. You can let your agent know what your wants and needs are, and they will suggest the best adult communities for you.
Aging in Place
Buying a house as a senior citizen is much different than buying one at a younger age. Senior real estate specialists receive training about aging in place, so they can help their clients find a house and floor plan that will continue to work well even ten years or more down the road. For example, a senior real estate specialist most likely would not show a senior client a two story house, since stairs can be difficult to navigate as one grows older.