Property Solutions for Seniors [A Guide for Professional Caregivers]
October 7, 2019
As a caregiver, you are the family’s most trusted supporter. Let us help you be a resource to them in their time of need. As a senior real estate specialist, we can guide you and your client-family through a variety of real estate transactions.
As a senior real estate specialist, we’ve had the privilege of working with many caregivers and families to assist them with their real estate needs. We understand the special relationship that professional caregivers have with their clients. Your role is to care for and assist in whatever way you can to ensure their safety, comfort, and well-being. No doubt you’ve seen your share of emotionally strained family members as they struggle to balance work, family, and chores with the needs of their aging loved ones.
When the time comes, your client-family will need to assess their loved one’s living situation. They may need to downsize and move an aging parent into a different house, or just get the house prepared for sale. These enormous tasks can be a full-time job in themselves. As the family’s trusted supporter, we can help you be a resource to them in their time of need.
Our company, Revival Realty Solutions, was created to help alleviate stress for these families and can help with many situations.
Seniors Real Estate Solutions
Below are common situations where our property services can assist:
Quick Transitions
The move into a skilled nursing facility or long-term care community is often preceded by a crisis such as a fall, stroke or death of their spouse. When families need to downsize or accommodate transitions for their loved ones there is no time to spare.
After the immediate move, many other details need to be taken into consideration and this is where the real work begins. Questions your client-family will need to answer are: Who will care for the remaining spouse? Who will be in charge of the finances? How will the care be paid for? If there is a house involved, they’ll need to decide whether to keep the house or sell it to help them afford the care.
Selling Probate Property
Selling an inherited home without probate can be easy compared to the complex probate process. It’s not easy to navigate through probate without an experienced probate attorney and a real estate specialist by your side. For the family member who was named as the executor in the will or by the court, they will have an enormous responsibility that can take up to 18-months to finalize. During this time, it’s critical that the executor is getting solid advice that can help them avoid unnecessary complications and expenses.
The real estate left to loved ones through the probate process may need to be sold, depending on the beneficiary’s ability to afford and maintain it. If the property needs to be sold, there is a process that must be followed. Real estate disclosures are one area that can be particularly murky. Disclosures laws set rules for the details that need to be communicated to a buyer regarding “material defects” about the home before the sale is done. If the seller didn’t live in the home some disclosures won’t apply.
As a caregiver, you can help the family research to find experienced probate attorneys, or give us a call and we can recommend excellent attorneys for you.
Houses in Disrepair
When tragedy strikes, the last thing on everyone’s mind is whether or not the house is getting the maintenance it needs. One scenario we see played out time and time again is where the house is left vacant for an extended period of time. For the families whose loved one is in a short-term care facility, it can be easy to think their loved one will return home soon. All too often we find that a week’s stay can turn into months.
Sooner or later, time will take its toll on the house. Roofs may begin to leak, wood can rot as paint chips way, and small drips can turn into big leaks causing water damage and mold issues.
When it is not feasible or affordable to make all the repairs needed to sell for top market value, we will buy the property in as-is condition. We’ll take care of every detail. No two family situations are alike. We take extra care to develop a custom property solution that meets the family’s needs in the best way possible.
Types of Properties We Can Assist With
We can buy or help sell properties that have structural damage or need major repairs. But more than that we can also help assist senior homeowners that have financial challenges. Medical bills and rising costs of living can take a financial toll on senior bank accounts. This can turn into a snowball of other issues that impact their real estate. We’re here to help, even in those situations.
- Single-family houses
- Multi-family apartments
- Low equity property/over-leveraged
- Damaged properties (fire, water, cracked slabs)
- Tax liens
- Bankruptcy
- Mortgage default
A Senior Real Estate Specialist You Can Trust
We specialize in residential property solutions for seniors and their families. We’re able to buy houses quickly when time is of the essence — even those in probate. Revival Realty Solutions is your partner when it comes to any real estate problem your clients are facing
Honesty, integrity, and transparency are the foundations on which our company is built. If you have a client-family that needs our help, or if you’d just like to know more, please contact us.