Looking to Move Your Senior Relatives?
When you or the people you love are ready to move, you need more than just an agent. You need a team you can trust. Silver Group® is Lucido Global’s unique division dedicated to providing specialty services to address the challenges associated with a Senior Move.
When you’re ready to move, Silver Group® will provide:
- An extensive referral network of experienced, reputable professionals to help you downsize
- Our Home Enhancement Listing Program where you defer payment for home repairs until settlement*
- Our Guaranteed Sale Program where we will sell your home in 90 days or less*
- FREE home staging consultation and market analysis
- FREE use of our fleet of moving trucks*
*Certain restrictions apply.
Step 1: Getting Started
Over the next two decades, “Boomers” will swell the nation’s older adult population by 30 million, and an estimated 16 million older adult households will be moving in the next decade.
Downsizing your senior relatives possessions and home, preparing their home for sale, selling their home, and deciding where to move them can feel like a very daunting project. Knowing what to do first and having detailed information about vendors and resources are the keys to a safe and successful experience.
Step 2: Pricing, Timing, and Staging
Pricing: Your Realtor® will present to you a detailed market analysis of the home, showing all recent market activity: including pricing for homes that have sold, are under contract, or are currently on the market. Out of this array, a close examination of which homes are most like your relative’s home (square footage, age, condition, improvements) will help your Agent to assist you with recommending the right selling price for your home.
Timing: Your agent will be knowledgeable about the timing of the home sale and educate you about how the time of year may impact the process and create predictability around the buyer, and pay close attention to your requirements for your move timetable. If you are under contract with a senior living community, it is usual to have a structured timetable and occupancy date for the move.
Staging: Once you have determined the home’s pricing and timing for the sale, the next step should be a visit by a Certified Home Stager, who has specialized training in visual merchandising, current color palettes, and finishes most in-demand by buyers. The Stager will help guide you in preparing the home with the greatest possible appeal to buyers.
Step 3: Relocating and Downsizing
Relocating: Where are your senior relatives going? Different and common scenarios include moving to a condo or one-level home, in with adult children, moving out-of-state to retirement meccas such as Florida and Arizona, and moving to local retirement communities. Sometimes in-home care is needed if your loved one has been ill and needs help in the interim before the move.
Senior Living Search: Senior Care Placement Professionals are expert guides to all of the various types of senior living communities. Life Care Managers are also able to help guide you to the communities that would be your best fit and are able to provide assessments for level of care, family counseling, and to be a part of the conversation between legal and financial advisors for families when a move is happening quickly or unexpectedly due to health events or the loss of a loved one.
Downsizing: Assisting your relatives in downsizing their possessions is your next project. You will want to have a grasp of the square footage and storage they’re leaving and where they’re moving to. Make a space plan to help decide what will be taken, what will be left, and what will be offered to family and friends. You may need to clear the home of any remaining items, which can be done by friends & family or by a professional hauler.
Step 4: Finances
Financial Management: Having guidance for the savviest ways to handle your home-selling profit, your retirement community’s buy-in expenses, understanding capital gains, etc. are important opportunities to design the best outcome for the long term. If managing your senior relative’s finances is not in your capacity, consider using a Daily Money Manager. They are a great resource for people who no longer want the tasks associated with managing their finances, and who are struggling to maintain them due to health reasons or the demands of technology (i.e. elderly and/or sick relatives).
Step 5: Moving
Moving: Move Managers, also called “Transitioners” or “Downsizers”, are a type of moving service especially useful if you are overwhelmed, busy, distracted, and in need of “more” than what an ordinary moving company is able to provide. These providers can help coordinate work being done to prepare the home for selling, estate sale processes, space planning the new home, sorting, packing, the actual move, unpacking and setting up on move-in day. Think boxes gone, pictures hung, clothes in closets and beds made.
Make your senior relative’s move as smooth as possible.
Visit LUCIDOGLOBAL.COM./SILVERGROUP to learn more and connect with a Lucido agent who specializes in senior moves today!
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