Suzanne is joined by Rebecca Bomann, CEO and founder of SASH Services (Sell a Senior Home), to talk about how to best facilitate a home sale with a loved one who is there with Alzheimer's or dementia. Previous segments have talked about the journey leading up to mom or dad leaving, not trying to pack up the home while they're still living there, finding a good place for them to move, and having the legal paperwork in order, as well as surrounding yourself with experienced professionals.
Rebecca says now it's time for you as the caregiver to delegate the home sale. “The important thing is not to bite off more than you can chew as far as getting the home ready for market. Your first and most important job, that really no one else can do as well as you, is being that power of attorney and caregiver for your loved one. Other people can work on the house, and you don't necessarily have to have the house be like HGTV in order to sell it. If it's clean, if it's empty, if there's not major repairs to be done, it's okay if you have pink tile in the bathroom, it's okay if you have avocado counters in the kitchen, it's okay if you have a shag rug in the family room. The house will still sell. Save your energy and strength, because you need it for the long haul of being the caregiver and power of attorney.
“We love saying to the family, we've got the house sale. We'll take it from here. So we come in, and we bring in experienced professional downsizers who can sort through all of the things in the home, set aside those sentimental things like photos, and letters, and photo albums, and yearbooks, and wedding dresses, itemize the things that can be monetized to help pay for mom or dad's care, and empty out the home. Then, we're a licensed general contractor, so we can come in and do some light updates, or repairs, or a big renovation to help the home sell for top value. Once again, we're not doing this with the help of the son or daughter. We don't want them to have to take that on — we're doing this for them. They can be in another state, another country — they've delegated this to us.
“Because SASH was designed to be a service that specifically takes care of the needs of seniors and their families, we started providing cash advances over a decade ago. And so we give the family a cash advance on the future net proceeds of mom or dad's home sale, sometimes $10,000, $45,000, up to $75,000, and even more. It doesn't require any credit check. We arrange for it, so it's not coming up on anyone's credit, and we want to provide that solution so they can just focus on their role as caregiver for mom or dad, and then hand the home sale over to us. So I always say, build a team of professionals around you who know what they're doing.
“Moving is a huge mental and emotional adjustment for your loved one, and you're best served being there for them, not to be out painting walls. One of the things that I always tell caregivers is, “Sometimes you just have to sit down and breathe, take care of yourself,”
Learn more at SASH Services or call 888-400-7274. Also check out SASH's resources at AFE's website.
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