What is an SRES® and how can they help? For seniors opting to age in place, an SRES® can refer a specialist who can evaluate your home, find problem areas and suggest home modifications.
SRES®-Seniors Real Estate Specialist.
The aging-in-place remodeling market is valued at about $25 billion annually, according to the National Association of Home Builders. Having someone to help you navigate appropriate repairs could save you money.
· An SRES® may be able to direct you to community, government and private programs designed to provide additional financial assistance. Many seniors may qualify for programs that can help them save money, but they do not apply because they don’t know the program exists. SRES® designees are trained to save you time and point you in the right direction.
· An SRES® may be able to refer you to a local geriatric care manager, senior groups and agencies within the community that provide in-home assisted living services. · An SRES® can help guide you to a reverse mortgage counselor to discuss the pros and cons of this financial tool.
· An SRES® is trained to be patient with their senior clients. They can refer clients to de-clutter specialists to prepare the home prior to listing. They can also refer to tax specialists who can prepare the estate prior to selling.
Everyone’s situation is unique and requires a specific plan along with a team of professionals that can provide the best options and information to assist with these life-changing decisions. The goal is to provide a set of informational tools that will educate this audience and navigate today’s changing landscape when it comes to buying, selling, relocating or refinancing residential or investment properties, and to equip them with confidence, and a clear path forward.
Topics Covered:
Financing Options and Considerations
Exploring Reverse Mortgage Financing solutions
What Can a Reverse Mortgage Accomplish?
How Do Reverse Mortgage Work?
Reverse Mortgage Benefits
Tax Matters:
Declaring a Principal Residence
Understanding Capital Gains Tax
Capital Gains Tax on Sale of Principal Residences
Capital Gains Tax on Sale of Converted Second Homes
Estate Tax Issues
Gift and Generation-Skipping Tax
Taxes on Social Security and Pension Income
Legal Matters:
Power of Attorney
Conservators, Guardians, and Executors
Life Estates and Trusts
Elder Law Attorney
AGE GROUP: | Adults |
EVENT TYPE: | Health and Wellness | Education/Lifelong Learning | Business and Personal Finance |
Westlake Porter Public Library is an independent public library serving the residents of the city of Westlake, western Cuyahoga County and eastern Lorain County. The library is located at 27333 Center Ridge Road in Westlake, Ohio. Anyone who lives, works, owns property, or goes to school in Ohio can register for a free library card.
