So you’re a senior…and you’ve decided to sell the family home.
Whether due to necessity (financially or health-related) or simply because you want a smaller or more social place to live in, this can be an exciting time of transition.
But it can also be incredibly emotional, stressful…and even complicated.
Seniors’ real estate needs are different
As a senior, you may:
- Be in great health and decide to buy a new (likely smaller) home; or
- Be very active and choose to move into an independent living retirement community; or
- Decide to move in with your adult kids; or
- Be experiencing health issues associated with aging, and need to move to a long-term care facility.
Regardless of your “why,” one thing is for certain: as a senior, this stage of your life is very different from a young couple’s, or a single mother’s, or parents just at the beginning of experiencing an “empty nest.”
Which means your needs are different than basically everyone else’s needs.
And that’s why you need a real estate who will understand the difference, take time to understand your unique needs and concerns, and treat you with the utmost of respect.
Agents who specialize in helping seniors in Ontario and across Canada
Did you know that in Canada, there is a reputable designation for real estate agents who specialize in working with seniors?
If you are looking for someone to help you sell and/or buy a home, consider hiring a research broker with the designation of Accredited Senior Agent (ASA), Master ASA (MASA), or Senior Real Estate Specialist (SRES).
These specialists understand Canadian and provincial tax laws, estate planning, wills and trusts, and all sorts of other legislations and real estate issues related to the senior population.
Basically, someone who identifies as having an ASA, MASA or SRES designation is trained to “get” you—as a senior, AND as a Canadian resident.
What else should you know?
If you make it known you’re selling your home, you will probably get real estate recommendations from friends and family! (And some of those people may not be designated in real estate for seniors.)
Regardless, here are a few things to ask as you do your research (make sure to interview them!):
- Do you have a real estate designation for working with seniors?
- Do you have experience helping older adults/seniors sell their homes? How much? Can you give me some examples?
- How familiar are you with the varying needs of seniors (e.g., active seniors versus seniors who face physical or mental health challenges)?
- Do you do anything differently when selling a senior’s home (compared to selling a home belonging to someone younger)? What do you do?
- Do you ever deal with seniors’ family members who wish to be part of the selling process? How do you work with them?
- Do you have local contacts who specialize in senior services like moving and downsizing, finding an appropriate retirement home, etc.?
We can help
Tea & Toast works with many real estate agents in the city, and we are always happy to make recommendations!
Did you know that oftentimes our clients move into a retirement residence before their home sells? There are a few benefits to doing this. First, they can be sure they have moved everything that is important to them. Second, this frees up the real estate agent to stage your place as needed (often, the home needs its own updates). And finally, this limits the number of disruptions you would normally experience as potential home buyers are touring your home.
Good luck in this next stage of your retirement!