Elderlife Real Estate is a real estate service specializing in the needs and requirements of older adults and those who care about them. We have specialized in this since 1999. Michael Olear’s initial career included a Master’s Degree in Social Work and this blend of social work technique and real estate brokerage has created a hybrid service that has been uniquely useful for hundreds of families in WNY.? Several realtors on the team have the Seniors Real Estate Specialist designation.
Whether it’s downsizing from the family house to a smaller home, moving to a senior community, or acting as a POA or executor, we know that the last thing you want is focus on the details.
We will plan out every aspect for you including household sale, repairs, inspections? Allow us to handle the specialized work of selling your property so your attention is where you need it to be.
Right-Sizing
Right-sizing your living situation can feel overwhelming. You’d love to find a place that’s the right size for you, but what do you do about all that stuff?
Michael Olear of the Olear Team at MJ Peterson has been in the real estate business since 1987. He can offer a simple, step by step approach to preparing for a rightsizing move.
This plan will include:
- Deciding what to do with personal property
- Developing a monetary plan
- Deciding whether to fix or sell as-is
- Hiring the right professionals to help you with selling and moving
- Knowing what requirements are imposed by banks and municipalities when you sell
Helping A Loved One
Is your mom, dad or a close friend or relative living alone in a house that no longer fits his or her needs? The need for a housing change is often reflected in the physical changes that are part of the normal aging process. For example, has carrying laundry up and down the basement stairs become a difficult task? Has it become a challenge to climb a stepladder to change a lightbulb, change the batteries in smoke detectors or perform routine home maintenance? As time passes, these tasks become more difficult and thus increase the odds of a fall-related injury.
While it can be difficult to say goodbye to the homestead, the transition may be easier if it is approached as a new and exciting chapter in an ever-changing life. When discussing a housing change with a senior friend or relative, the key is to point out how they can live much more comfortably in a setting that’s free of the demands that come with owning a house.
POA/Executor
So what does an executor do? In simple terms, the executor oversees disposition of property and possessions. It’s a large responsibility to make sure that a person’s last wishes are granted. The executor is responsible for making sure that any debts and creditors that the deceased has are paid off. They must also distribute any remaining money or property according to their wishes.
Often an executor’s duty involves selling the deceased’s house. Doing so is a process that can quickly become complicated without assistance from trusted professionals. That’s why the Olear Team at MJ Peterson developed a program to make it easier to sell a house for an estate. We provide referrals to fellow respected professionals. These professionals can help with this process and might include attorneys, home inspectors, contractors and more.
Senior Real Estate Testimonials
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The Seniors Real Estate Specialist (SRES) designation is for REALTORS who want to be able to meet the special needs of maturing Americans when selling, buying, relocating, or refinancing residential or investment properties. By earning the SRES designation, REALTORS are prepared to approach mature clients with the best options and information for them to make life-changing decisions.
Related Articles
Cohousing communities are an interesting housing alternative for seniors
While most will desire independence and an opportunity to live in their own home, condo,
townhouse or apartment, that might not be the best option for those who need extra care or
attention. There is a popular alternative becoming more common across the country, and it’s
called “cohousing.”
Falls in the home are common, but often preventable
before you take that next step across a cluttered room, take some easy steps to ensure your safety in the home, or the safety of your parents or elderly family members and friends.
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