Real Estate
A Guide to Selling a House to Pay for Long-Term Senior Care
This guide is a valuable asset to seniors and their families within your community to navigate this important life stage.
Many older adults need some type of senior care, whether it’s a few hours per week of in-home help or full-time nursing home care. Even if you can find a high-quality senior living community in your area, the cost of care is a major concern, especially for seniors living on Social Security or limited pension benefits.
Due to high rates of inflation, senior care is getting even more expensive. According to the 2021 Genworth Cost of Care Survey, seniors in the United States pay an average of $4,500 per month for assisted living and $7,908 per month for a semiprivate room in a nursing home.
As a result, many seniors are selling their homes to finance the cost of the care they need to maintain their quality of life. The process of selling a home is complex, especially for older adults who need government benefits to cover some of their expenses.
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In light of this, AssistedLiving.org developed a thorough, easy-to-navigate guide to assist seniors and their families to sell a house to pay for long-term senior care.
If you’re getting ready to help a parent sell their home, this guide can help you get organized and make wise decisions about everything from timing the sale to choosing an experienced attorney.
Find out what's happening in Pleasant Hillfor free with the latest updates from Patch.
This guide addresses crucial topics such as…
- Finding Assisted Living in Your Area
- When Is the Right Time to Sell Your Parent's Home to Pay for Senior Care?
- A Home Seller's Checklist
- Important Documents You Need to Sell a Home
- Taxes, Medicaid Eligibility and Other Financial Implications of Selling a Home to Pay for Long-Term Care
- Special Considerations When Selling the Home of Someone Who Has Dementia
- Managing Difficult Emotions When Selling a Parent's Home
- Other Ways to Finance Long-Term Care
- How to Find a Real Estate Agent and Elder Law Attorney
This guide is a valuable asset to seniors and their families within your community to navigate this important life stage.
Click on this link to access A Guide to Selling a House to Pay for Long-Term Senior Care
Pete Sabine
Real Estate Advisor
Call or Text 925.787.2548
Pete@PeteSabine.com
Compass
DRE #00889760
