Seniors Real Estate Specialist

I have been asked several times, “What is an SRES (Seniors Real Estate Specialist)?” So here is an abbreviated explanation.

As our expected life span continues to increase and the average age of our population increases, the Real Estate community has recognized that this shift in demographics will result in a new set of housing demands. And almost every issue dealing with housing will have its own special twist related to Seniors. Consequently, a special training program has been developed to help REALTORS® understand these requirements and opportunities. And those who take this special training are awarded the SRES designation.

Some of the topics covered which can be unique for Seniors include the following:
-Homes with features specifically to accommodate the needs of Seniors
-Overall concept of “Universal Design”
-Taxes
*Capital gains issues with death of spouse
*Tax base transfer when moving
*Tax base step up with death of spouse
*Tax deferral on investment property through Internal Revenue Code 1031 Exchanges
-Aging in Place resources and services
-Services available to assist in logistics of moving and downsizing after many years in one home
-Estate Planning issues and need to utilize an estate planning expert
-Housing alternatives for Seniors

Recognizing the constantly changing rules and regulations, SRES provides us a newsletter and frequent programs to help monitor all of the relevant changes. In addition, we participate in organizations and meetings like the Senior Roundtable to develop a network of service providers for Seniors so that we can bring the best expertise to our clients when needed.

I will be pleased to discuss housing issues with anyone who may be thinking about making a change. Also check my earlier postings, Staying in Your Home or Downsizing, http://wgseniors.blogspot.com/2008/11/staying-in-your-home-downsizing-or.html and Caregiving for Seniors, http://wgseniors.blogspot.com/2008/11/caregiving-for-seniors.html.

I hope you're farther along with your holiday preparations than I am! I really should start doing some shopping soon!!!

Best regards
Tom Binder