It happens to many families: after a lifetime of kids, a lifetime of memories, and a lifetime’s worth of stuff, you are suddenly faced with a space that feels too large and cluttered. Sure, your house was the perfect place to raise your family, but do you still need a three or four-chair dinner set? How about that clean, empty bedroom you are no longer using? If you suddenly find yourself with more space than you need, downsizing may be a good idea.
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Retirement societies are in a continual state of change all over the world. Whether helping people who live alone, in need of assisted living or memory care, or advancing to competent care, there is regular turnover regardless of the clients they represent.
Many buyers are likely to sell their house before making the move, while helping seniors plan a move from their long-time home to a senior neighborhood. Therein lays one of the greatest challenges to be tackled by any senior group sales agent.
Being a realtor is a respected career, especially if you are able to have an appreciation for the needs of older clientele. Since many seniors have not sold a house in years, even decades, the real estate agent needs the skills to direct them through the process of home purchases, but also the ability to explain what to expect and how to overcome challenges along the way.
In comparison, if your agent already has a team of service providers who can provide their customers solutions, their relevance to the senior practitioners in the industry improves even further. One stop shop… that’s what a lot of good realtors have.
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Usually, the only thing you’d think about when moving is location, location, location. However, when you’re moving for retirement, it’s never the same thing – you have to consider several factors because things will never be the same once you retire. For one, you won’t be earning the same money you usually earn from a regular day job. This means that when you retire, you should be keen on your expenses. Healthcare will also become a necessity during this phase of your life. To ensure that your move during retirement will become beneficial to you in the long run, consider these questions:
How much is your monthly budget?
This is probably one of the most important things to consider when you’re planning to move for retirement. For you to have a successful retirement, you should have an idea of how much are you willing to spend on it. You can budget for retirement by looking into your monthly expenses. Determine how much you’re spending for mortgage payments, car payments, and other recurring bills. You should also keep track of how much are you spending on leisure activities such as dining out, groceries and shopping. If you need assistance in doing all of these, you can use a mobile app (there are a handful of apps online) or hire a financial advisor. All of these can help you in your budgeting, especially if you don’t have any idea of how to do it. After considering your expenses, take note of all the possible sources of income every month. Once you have these numbers, it’ll be easy for you to come up with a monthly budget which is suitable for your needs and wants.
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Owning a vacation property can enhance your life and give you the chance to retire to a location you enjoy. But it’s not something to be done without plenty of preparation and a full understanding of the benefits and disadvantages of dual property ownership. If you’re a senior, you must be especially diligent in selecting your second home.
Usually, the only thing you’d think about when moving is location, location, location. However, when you’re moving for retirement, it’s never the same thing – you have to consider several factors because things will never be the same once you retire. For one, you won’t be earning the same money you usually earn from a regular day job. This means that when you retire, you should be keen on your expenses. Healthcare will also become a necessity during this phase of your life. To ensure that your move during retirement will become beneficial to you in the long run, consider these questions: Continue reading