Fred Griffin: Interesting Thoughts on Working with Elder Real Estate Clients

Interesting Thoughts on Working with Elder Real Estate Clients

       As America's population ages, Real Estate Agents face a special challenge.  Working with the Elderly requires a different approach than working with say, Gen X'ers or Millennials.   Seniors may need more patience and guidance than other age groups.  It is probably necessary to bring in an Attorney, or a family member, to confirm the decisions made by the Senior Real Estate Client.

        Enjoy this great blog by Real Estate Broker Bill Lauler! 

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  Just recently , We have been working with some of our clients over the golden age of 80+. This has been rewarding for the most part and interesting in other parts.

 The standard real estate approach will not cover these clients.You will need one of their children/attorney to advise you of what they can and cannot do as too pre-written agreements,wills,reverse mortgages,executors,living or death of a spouse that has not been removed from the title to the property and power of attorney of one or more of their children.

 Once you have negotiated the maze of documents the transition can be stream lined as they either go to live with a child or into an adult home of their choice or needs.

 I would like to recommend the "working with Seniors"(Senior Real Estate Specialist) course offered by NAR it was a great stepping stone to my current clients and their needs.

The major point we have told our clients is " No Question is a stupid Question". If we do not know the answer we as Realtors will always act in their best interest and consult an attorney for them to talk to. Plus we recommend that they contact an attorney of their choice that deals with elder care.

Does anyone have any more thoughts on this interesting work of elder clients?

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Frederick Griffin, Licensed Real Estate Broker    Tallahassee, Florida

 

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Comment balloon 2 commentsFred Griffin • October 30 2013 06:32AM

Comments

This is really something to take seriously as the elderly can be very vulnerable - either from those who would intentionally do them harm as well as their sometimes compromised faculties.

Posted by Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC, ... a small office, delivering big service! (Waters Realty of Brevard, LLC) over 3 years ago

Fred~ great re-post, I would have missed this otherwise WE MUST PROTECT THE OLD & VULNERABLE ALIKE!

Posted by Jon Kolsky, Licensed California Real Estate Broker (Kolsky Realty & Management) over 3 years ago

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