For this week’s episode, Sara Ston is joining us to discuss Senior Real Estate. She is our realtor and the owner of How to Help Mom and a certified Senior Real Estate agent. She shares her valuable insight about the field of senior real estate and the unique challenges and considerations involved in buying, selling, and transitioning seniors to new living arrangements. The discussion gets into the sensitivity in working with seniors and their families, addressing issues such as downsizing, financing, emotional attachments to belongings, organizing and decluttering, estate sales, and probate. This episode emphasizes the need for a comprehensive approach that takes into account the specific needs and circumstances of seniors, while also involving various professionals to provide support and guidance throughout the process.

 

“Mom and Dad sometimes don't want to leave and they're not ready to. And sometimes we don't sell the house, we just make it safe for them to be in so that the kids can have peace of mind for mom and dad staying there. Eventually, they're gonna leave and sell the house, but they're just not ready yet and creating it so that it's safe for them. And that's part of my job as a Senior Realtor, we never sell a house for a senior unless there's somewhere where we know they're going to.”

• Sara Ston

 

Highlights of this episode:

• What inspired her to specialize in senior real estate? 

• The unique challenges of buying and selling a home. 

• The challenges of qualifying for retirement accounts. 

• Selling a house for seniors. 

• How to prepare for the sale. 

• Protect your family and your finances. 

• The importance of having conversations with parents about retirement plans. 

• Biggest mistakes people make in real estate. 

• Make sure you have a trust before doing title work. 

• Selling the house and donating the proceeds. 

Connect with Sara Ston through:

Website https://stonway.com/

Email [email protected]

248-736-5409