Because senior homeowners have special requirements, when it comes time to making decisions about alternative living arrangements it may be helpful to work with realtors licensed as Senior Real Estate Specialists (SRES). These specialists are very knowledgeable about the senior living communities in their area, especially active adult lifestyle options, and can help seniors find the one that’s right for them. SRES can also assist you in obtaining a reverse mortgage. (If you have almost paid off the mortgage on your home, you may be eligible for a reverse equity mortgage, which uses your home equity as collateral for a loan that is paid to you on a monthly basis.) The advantage of using SRES is that they can provide “one stop shopping,” helping on both sides of the transition from one living environment to another. |
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