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Assisting with the sale of an Elderly / Retired Person’s home.

August 25, 2017

When is it time to sell? For everyone its different. Frequently we begin to consider relocating when:

  • We become ’empty nesters’
  • We retire
  • A major change in health of one or more homeowners
  • Loss of spouse
  • New opportunities

Really, there is the possibility for great strife in moving, even for young and strong. So much more are the concerns and emotions as the years go by and we have been in one location longer.

Great care needs to be given in how and who assists in the orchestration of relocating those in our circles of great value, that being a mom, dad, neighbor, aunt, uncle, or dear older friend. You should be ready to give acknowledgement to:

  • Someones increasing physical &/or mental fragility.
  • Their great reluctance to surrender not only the home but so many personal treasured items that may need to be sorted through, sold, donated, or lovingly adopted by others.

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“The house was a symbol of her independence. She was extremely frightened to let it go,” one person said in helping a senior with her real estate transaction.

Nearly 40 % owners over 65 haven’t moved in over 30 years. “For an older person, a home represents their life story.” its been said. Think of holiday gatherings, dinners, or a wall of photos.

There is destination/ relocation planning, tax considerations, seasonal timing to avoid bad weather, coordination of helpers, the list goes on. This is a time to pick a real estate professional with a skill set that fits the situation, think compassion, some experiences with older persons – perhaps an immediate family member(s), and related wisdom is of extra benefit if not sometimes crucial. e.g.:

  • In our office one of my assistants is a retired hospice care nurse – has worked with challenging situation involving medical needs and interaction with the children.
  • My 96 year old mother was recently relocated to a elder care residence after being independent at a Florida condo for many years. We needed to coordinate 3 children in 3 states to assist in the challenging process.
  • We’ve assisted many clients & their family with referrals regarding estate planning, and income tax planning/ filings.

Here are a few suggestions for the children of seniors who want to assist their parents in making a smooth move:

 

  • Show sensitivity when helping seniors sort through their possessions.
  • Be careful before committing to the sale of your parents’ extra belongings. Instead, your parents might prefer to donate their extra belongings to a charity they respect, such as the Goodwill or Salvation Army.
  • Consider showcasing certain select items at your parents’ next home. The display can also serve to jog fading memories or to spur conversations with visitors.


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