Should your Parents Sell their House?

There are a lot of unknowns about our current economy here on the central coast. If you listen to many local real estate experts, most of them feel values may be coming down due to lower demand and higher interest rates. Home prices are still at an all-time high, but there may be a reason to believe prices may drop by 10% over the next year or two. If the values do come down, it may be an excellent opportunity to sell to a small percentage of the public.

On a million-dollar home, your parents could stand to lose $100,000 on their nest egg. If they sell today and downsize or find an assisted living community, they will have an extra $100,000 toward their retirement, which they may not have if they wait too long. Selling a home for your parent is a big ordeal. Many folks in this age group have collectibles, tools, and an assortment of stuff that can be daunting. I can help.

I have relationships with local realtors who specialize in working with older sellers. They specialize in helping sons and daughters who don’t live in the area and need help with all the little things that go into moving a senior. If you would like to meet my Real Estate person or If you want to research caregiving costs, independent living, and assisted living options, I can provide a lot of information in a 20-minute phone call. Give me a call, and I can hook you up with the right resource.

Thanks,

David

 

We all want to age in place.

However, the cost of finding a caregiver full-time is daunting, to say the least. We put together a simple break-even comparison that looks at the average care cost for a caregiver in your home and when it is more cost beneficial to move to an Assisted Living community or Care Home. Are you Exhausted? Breathe…We can help Many of us who have a parent with Dementia sacrifice our jobs, social life, and families in order to help our aging loved ones at home. While we are doing our best to help them, we know they probably need more! Guilt is a major player when delaying a parent’s move, we often need help admitting this is the best thing for everyone. Often this allows you to get out of the role of a caregiver and into the role of the family member again. We have visited over 50 local care homes and have a working knowledge of each community. We will save you time, money, and most of all your sanity! We can help! Call David at (805) 748-2614 for your Free 20-minute consultation.

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For more information on finding assisted living or care homes in San Luis Obispo County go to www.myseniornavigator.com

 

 

David Wood 805-748-2614

 

David Wood, Owner, SLO Caregivers
David Wood, Owner, SLO Caregivers

San Luis Obispo Caregivers was created in memory of my Grandfather, Tracy Gordon Wood II. My mission is to honor him by providing trustworthy, compassionate, and competitively priced caregiving services to seniors in my community. After 25 years in the financial industry and the decision to leave behind a successful 6-year position as the Chief Operating Officer of SESLOC Federal Credit Union, I created San Luis Obispo Home Care. This decision served my desire to make a difference and support the growing needs of seniors in my community. As my business grew and I leaned heavily on my financial background, I realized there was a much more cost-effective way to provide seniors with the care they deserve. This realization led to the creation of San Luis Obispo Caregivers, a referral agency and SLO Senior Placement, a free resource for families looking for independent or assisted living options for seniors. Ultimately, I listen, assess your situation and recommend various options that are available for your family.