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Can’t Sell Your Home? Maybe a Retirement Community Can Help

May 18, 2011

Need to sell your house before moving into a retirement community? One senior-living company in Arizona might be able to take care of that for you.

Last October, Sun Health Life Care Communities started taking responsibility for selling prospective residents’ houses, reports The Arizona Republic. This allowed retirees to move into the retirement community even if they didn’t have the money in hand yet.

 Together, Sun Health administrators and the residents determine the sale price of the home. If it is priced the same as the value of the condominium, it is a straight exchange. If the house sells for more money, the residents get the extra funds.

If the house does not sell within a given time period, Sun Health buys it at the preapproved price.

The company sends in the cleaners and contractors and deals with open houses and listing agents.

What do you think of this idea? Here’s the full article: “Sun City West Independent-Living Program Helps Seniors Sell Their Homes.”

Leigh Ann Otte is a freelance writer who covers finding and paying for senior care for OurParents. If you have any questions about this post or need help finding senior-care options for a loved one, call 1-866-483-4896 to speak with a care advisor in your area.

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