SRES® stands for Seniors Real Estate Specialist. This is a special designation through the National Association of REALTORS® that qualifies a REALTOR® as being educated, trained, and certified in the unique needs of the seniors community (age 50+). As an SRES®, Aimee has access to additional resources, tools, and a network to support and assist with the needs of her senior clients and their families as they transition through later life stages.
What is an SRES®?
Different Stages, Different Needs: Senior Housing Options
Many times, owning or maintaining a home can simply be too demanding physically or overwhelming emotionally. Downsizing to a more manageable space, such as a condominium or apartment is often the first solution for living independently. Relocating or moving to be closer to family members is also common at this stage.
Senior Living Communities
Different communities offer different types of independent living arrangements, such as apartments, condos, or single-family houses, oriented to the needs of their senior residents. Active Adult or Lifestyle Communities have an emphasis on social activities for residents, while Age Restricted Communities are more like traditional neighborhoods with age restrictions for their residents.
Assisted Living Communities
These communities offer on-site staff, meal services, and planned activities. Some communities offer skilled nursing and medical care, and assistance with daily living. There are also some communities that specifically assist with Memory Care.
Continuing Care Retirement
CCRC’s are designed to allow a continuum of on-site options for residents as needs change from independent living to nursing and eventually hospice care.
Aging in Place
For those who wish to live out their life in their home, it will take some planning and knowledge of resources.
If you already know the type of community you are seeking, Seniorhousing.net is one search site that you may find helpful. If you are looking for independent living options, give Aimee a call or contact her to get information about neighborhoods and listings.
Whatever the stage, Aimee can help consult on your options so you choose the one that is best for you. Taking an holistic approach, Aimee encourages the involvement and participation of family members through this process, and can refer other professional services (accountants, attorneys, etc.) to help achieve your estate goals.
Propositions 60 and 90
Proposition 60 permits certain homeowners to transfer their low current tax base when they purchase a new home within the same county. This can be a tremendous tax relief to seniors. Homeowners must be over 55 years of age, the new home purchase must be within two years of the original sale, and the replacement home must be equal to or less than their current home’s cash value. Proposition 90 allows homeowners to transfer their tax base between participating counties, which are: Alameda, El Dorado, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Mateo, Santa Clara, and Ventura.
Additional National Resources:
Aging in Place Resources:
National Council on Aging: https://www.ncoa.org/
Administration on Aging: http://www.aoa.gov/
National Association of Senior Movers Management: https://www.nasmm.org/faqs/index.cfm
National Association of Professional Organizers: http://www.napo.net/