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

LinkedIn

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.

LinkedIn
Posted in Financial—General, Senior Care—Other Options Tagged with:
0 comments on “Can’t Sell Your Home? Maybe a Retirement Community Can Help
3 Pings/Trackbacks for "Can’t Sell Your Home? Maybe a Retirement Community Can Help"
  1. [...] week, we talked about one company that’s taking over home sales for new residents. Now comes word that Florida has passed legislation allowing continuing-care [...]

  2. [...] are working with people to get them onto the property anyway, the article reports. (We covered that here too.) But experts are constantly warning people to deal with eldercare issues sooner than later. [...]

  3. [...] communities are helping people find the funds to move in by helping their current homes sell. We talked about one such offer in May. Sun Health Life Care Communities would try to sell your house—and even buy it if it [...]

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Speak to a Care Advisor

Do you want to speak to a care advisor? Fill out the form below.

* These fields are required.

Follow us on Twitter!

#ElderCareChat

Subscribe to our blog

* These fields are required.

About Us | Blog | Link To Us | News | Jobs | List Your Community | Contact Us | Terms of Service | Take Down Policy | Privacy | Site Map
Copyright © OurParents 2014