Retirement is an exciting opportunity – finally, a break from work and raising a family allows time to pursue passions. So what is your choice for senior living?

Rightsizing your life and moving into a new home is often a part of that transition, but it doesn’t always come with the same amount of enthusiasm. Even if a two-story, three-bedroom house is too much to take care of – especially if the basement floods and seasonal tasks like cleaning gutters have gotten out of reach – it can be hard to let go of a familiar place where so many special moments were shared. This is where working with a knowledgeable Realtor® can be beneficial. As your Seniors Real Estate Specialist® designee REALTOR® I am qualified to address the needs of older home buyers and sellers.

Did you know?

• Baby boomers made up the largest percentage of sellers in 2023 and may have different housing preferences than previous generations of seniors.
• Working with seniors involves understanding their particular needs and priorities.
• Reverse mortgages may be a loan option for some, but it’s important to carefully consider the risks and benefits.

Senior households (65 years and older) are increasing faster than other age groups and baby boomers make up the greatest percentage of sellers by generation. Some seniors are choosing to rent in active adult communities and some are simply downsizing. Fewer people are choosing assisted living facilities than in earlier generations.

As a real estate agent with numerous senior clients I am familiar with the priorities of seniors. This may involve working with a client’s family in the process of choosing senior living right for them. While some seniors are moving to traditional retiree hotspots, other locations are growing in popularity among older adults. Read this article “Where Seniors Choose to Reside”

Reverse mortgages can be an attractive loan option for some seniors. They can borrow against their home equity for as long as they remain in their home. However, it’s important to understand the options, risks, and benefits associated with reverse mortgages. There are some protections in place to help borrowers avoid foreclosure.