What is a Senior Real Estate Specialist?
An SRES is a Realtor who has completed additional education requirements that give them the skills necessary to handle the more complicated transactions of senior real estate.
When dealing with the 50+ population, your realtor is no longer just a resource for buying or selling your home. They can also help you with resources when downsizing, using alternative financing, and counsel you regarding lifestyle and financial transitions that you may not have considered.
Only a licensed Realtor can become a Senior Real Estate Specialist. An SRES specializes in:
Why Use an SRES?
In today’s market, there are countless types of senior living options, from independent living to full nursing care. A Senior Real Estate Specialist (SRES) can help you navigate your best options between:
Condos, townhouses and single family homes that are smaller and more maintenance free than large family properties are frequently people’s first choice, especially if they’re healthy and active.
Active Adult Communities:
Active adult communities aim to service the interests of active adults over the age of 55. Housing types often include condos, townhouses and single-family properties, and all are designed with an eye toward delivering a maintenance-free lifestyle for residents. Such communities offer a vast array of on-site activities, including exercise, social clubs, art instruction and lecture series.
If you’re looking for hands-on care or anticipate needing such care in the future, SRES®designees can make expert referrals and discuss options, including:
Assisted Living Communities:
Residents live in their own apartments, but have the benefit of an on-site staff, meal service in communal dining spaces, and planned activities and outings. Some assisted living communities also offer access to nurses and daily living assistance. Others may offer more extensive medical and personal services.
Personal Care Homes:
Such properties are licensed to care for up to six residents in a home setting. Services typically include meals and housing maintenance and attending to residents’ safety and care. Personal Care Homes may specialize in addressing specific health concerns and provide care and an environment tailored to those conditions.
Alzheimer’s and Dementia Care:
Facilities specialize in caring for patients with dementia and Alzheimer’s disease offer programs that address residents’ needs and provide an environment where they can live safely. Housing services typically include personal care, such as bathing and dressing and administering medicine, along with dining and housekeeping.
In addition, many buildings incorporate over 50 design features, such as safe wandering paths and color coded areas to help with way-finding. Such designs provide comfort and ease residents’ anxiety.
Continuing Care Retirement Living Communities:
A Continuing Care Retirement Living Community offer progressive levels of assistance, depending on a person’s needs. They include independent and assisted living and nursing care.
When should I use an SRES?
Ideally, you should begin your search for an SRES before you need one. Get referrals from others who have used Specialists in your area. If you plan to relocate, contact the Board of Realtors in the area to which you will be moving, and ask for a list of SRES designees.
The more time you allow yourself to adapt to the idea of moving or aging in place, the better off you’ll be, both financially and emotionally.
Source: National Association of Realtors
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DISCLAIMER: Links to other websites or references to products, services or publications do not imply the endorsement or approval of such websites, products, services or publications by Elder Options of Texas. The determination of the need for senior care services and the choice of a facility is an extremely important decision. Please make your own independent investigation.