If you’re thinking of moving or relocating in retirement, you’re probably going to hire a real estate agent as your guide. But will just any agent in your target area fit the bill?
In some cases, they might. But there’s a strong argument for choosing a specialist. Specifically, it’s a good idea to seek out someone designated as a Seniors Real Estate Specialist.
Here’s what you need to know:
What is an SRES?
An SRES is a designation created by the National Association of Realtors (NAR). It’s a real estate professional who is specifically trained for the situations and challenges that clients at or near retirement age face. These might include issues like tax and estate planning.
Agents with the SRES designation have completed a series of training courses that focus on senior real estate needs and challenges. They understand the concerns of seniors for things like aging in place, finding the right community, and downsizing in retirement.
Why You Should Choose an SRES for Your Post-Retirement Move
Retirement living is something that you plan many years to achieve. And it involves much more than just choosing a different home. People also have to consider things like health care options, leisure time, and staying in touch with loved ones.
Whether you are considering a long-distance relocation, downsizing, upsizing, or some combination of a change in retirement, it can be overwhelming. Some of the ways an SRES can help you with your retirement real estate needs include:
1. Understand Your Options
An SRES not only has a thorough understanding of the local landscape but also the changing needs of retirees. This professional can help you weigh your various options to make sure they make sense for today as well as several years into the future.
2. Translate Financial Alternatives
As a retiree, you might have many different choices for financing a home. But some will give you more advantages than others. An SRES can speak to you about capital gains and other tax issues related to owning real estate. They can also help you figure out what you can afford and decide how you can use IRAs, 401ks, and pensions in a real estate transaction.
3. Refer You to Specialists
When your SRES doesn’t have the answers, they’ll find you to someone who does. As part of their commitment to helping seniors, an SRES will refer you to the professional you need for things like home modifications or dealing with advanced financing options.
Get Helping Finding Your Retirement Home in Coastal North Carolina
If you’re looking for the ideal retirement destination, coastal North Carolina deserves your attention. Brunswick and Hanover counties, including the popular cities of Southport and Wilmington, are welcoming and beautiful places to live.
At Creekmore Realty Group, we specialize in helping retirees realize all that this region has to offer. As a Senior Real Estate Specialist, Chris can help you find the perfect retirement home in the area that suits your needs and compliments your interests. Contact us today to start a conversation.