Tips to Facilitate a Senior Home Sale, Part 1

Suzanne is joined by Rebecca Bomann, CEO and founder of SASH Services (Sell a Senior Home), to provide tips, guidance, and encouragement for families that may have a concern about the care of a senior loved one who has progressive dementia or Alzheimer's and can no longer take care of themselves anymore. Their home is usually their biggest asset to pay for round-the-clock care that mom or dad needs. Families find themselves in an intense situation. The caregiver has to manage mom's finances, mom's care — where is she going to move to? What level of care does she need? Doctor's appointments? And we've got this home that she's lived in for 50 years, it's full, it hasn't been ready for market. How in the world are we gonna do this? Rebecca says, “I'm working with a family right now where their loved one has dementia and it's $15,000 a month for around-the-clock care in their home. That is a lot of money. Even if you own your home outright, with that expense you can burn through all the equity in your home in just a couple of years. Financially, it doesn't make sense to stay at home. And then there's the safety element: The stove is left on, the doors are left open or unlocked, there's electrical hazards, there's fall risks. And family members are going and checking on mom every day, and they're starting to be so frazzled because of the stress of knowing that mom or dad is in an unsafe environment, and they have just reached that point where it's time to get mom or dad into a place of care. And, well, we're gonna have to sell the home to pay for it. And this is where they call us. “We've got lots of tips and guidelines that we can get into in our next segment, and we just want to be here for you, give you valuable information, support, and this is all based on my years of experience of doing this day in and day out.” Learn more at SASH Services or call 888-400-7274. Also check out SASH's resources at AFE's website.See omnystudio.com/listener for privacy information.