The real estate deals that come with a senior buying or selling a home can look much different than an individual looking for the perfect place to raise a family. The emotions are stronger and with a retirement budget, the financial aspect can be much tighter. Whether a senior is looking to move to a nursing home, sell their home to travel, or just downsize their space, working with a senior realtor can help ensure the process runs smoothly.
A senior realtor is a specially qualified real estate agent who has taken the time to learn the ins and outs of working with older individuals. Through taking courses, the real estate agent learns the different physical, emotional, and financial restrictions that come with working with a real estate agent. They then learn the best way to address those situations.
One program that a real estate agent may take to become a senior realtor is from the National Association of Realtors. By taking this course, the agent can become a Seniors Real Estate Specialist, or SRES. Another program is offered by the Seniors Real Estate Institute, which allows agents to earn the Certified Senior Housing Professional credential.
When becoming a senior realtor, the agent also creates connections with other professionals their aging client might be interested in getting in touch with, including attorneys or CPAs.
To use a senior realtor, the individual selling the home must be over 50. If a child or grandchild is looking for a realtor on behalf of their parent or grandparent, they may be under 50.
A senior realtor can help you understand your options and what needs to be done in order to put your house on the market. As experts in senior living in your area, they can also help you find a senior-friendly area to move or connect you with nursing homes or assisted living facilities.
Contacting a senior realtor can also be beneficial if you are looking for recommendations on attorneys, social workers, CPAs, or contractors to use in order to make a smoother process as you age. Whether you’re hoping to discuss your retirement finances, change or create your estate plan, or add ramps and railings to the home you currently live in, a senior realtor will have a list of trusted providers that they can pass along.
You can find a senior realtor by logging on to the CSHP directory or the SRES database. Both websites offer clear and easy-to-navigate lists of realtors who have completed their programs and can provide you with the services you are looking for.
When choosing a senior realtor to work with, you may want to consider reaching out to a few. While they are each qualified to meet your needs, discussing your situation and making a connection with a real estate agent can make the process more enjoyable.
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