If you are a senior, or the child of a senior, for whom taking care of the large house that you have lived in for so many years has started to become more of a burden than a joy, you have come to the right place.
Whether it’s because you have more enjoyable activities you want to do or the chores to maintain your home have become too strenuous, or your mortgage payments are too much of a financial burden, now might be the time to start thinking about downsizing.
If mortgage payments are creating a cash crunch, here are some mortgage tips laying out your options and providing answers to the often asked questions about paying off your mortgage with your financial assets as a viable solution.
If downsizing is your choice, there are numerous options that are available to you today, including purchasing a one level, smaller home or moving to retirement communities ranging from neighborhoods with smaller property and yards all the way to residences that provide full time care.
The perspective of having to sell your home and searching for the right community can be overwhelming. I can assist you in identifying and evaluating your options and helping you sell your home for the best possible price. Feel free to contact me at 415.505.4789 or Sylvie@YourPieceOfMarin.com.
I am a Certified Senior Specialist (SRES) and have undergone special training to be in a better position to assist you! Find out how I am best qualify to help you Sell your Marin County Home, Buy your new Marin County Residence, Review Your Current Situation if you wish to age in place, or Assist you to Formulate a Strategy with Respect to your Real Estate Assets.
Here are links to various resources for seniors in Marin County and some articles you may find useful:
RESOURCES:
Proposition 60/90 - If you decide to sell your home and replace it with a smaller home, you’ll want to know about these propositions. Propositions 60, 90, and 110 are constitutional amendments approved by the voters of California. They provide for the transfer of a property’s base year value from an existing residence to a replacement residence, under certain conditions, for qualified persons over the age of 55 or persons of any age who are severely and permanently disabled. Click here for my blog post with more details on how to avoid reappraisal of your Marin County.
MarinVillage.org - Marin Village’s mission is to enable seniors living in Marin County to age in their homes with grace, confidence and peace of mind. They support families near and far in making wise choices for their loved ones.
Marin County Aging/Senior Services
Seniors_Resource_Library - Here is a comprehensive list of residences for seniors in Marin County.
Assisted Living Search - Assisted-Living-Search.com can help you find the right care options for your elderly loved one.
Engage as you age - Engage As You Age creates inter-generational connections between creative people and homebound or isolated older adults and seniors. How? By pairing a smart, empathetic Activity Specialist with a senior who shares his or her interests and passions.
Healthy Marin PEARL Program - The Program to Encourage Active, Rewarding Lives for Seniors (PEARLS) is a counseling program for seniors that teaches participants how to manage depression.
Seniors_Resource_Library - Residences for Seniors in Marin County
APlaceforMom.com: Marin County Memory Communities (Alzheimers Care)
ARTICLES:
Better Living Through Design - great article about “universal design” and “aging in place.”
Should We Pay Off the House Before Retirement?
Retirement Savings - 55 and Scared: How Do I Protect My Nest Egg?
