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What is an SRES?

Finding the Right REALTOR

By: Liz Moore

What is an “SRES?” That’s a great question! SRES stands for Seniors Real Estate Specialists, who are local REALTORS (here in Williamsburg, Newport News and Hampton, VA) uniquely qualified to address the needs of home buyers and sellers age 50+. The SRES Council of the National Association of REALTORS awards the SRES designation to those agents who have successfully completed an extensive education program. Liz Moore & Associates’ Senior Team has a number of REALTORS who hold the designation of SRES.

SRES REALTORS have demonstrated the necessary knowledge and expertise to counsel clients age 50+ through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home.

Seniors often have a more complicated set of needs than their younger counterparts when it comes to real estate transactions. Accordingly, for older adults making home buying, selling, or financing decisions, there are many benefits of working with a senior specialist.

Here are just a few examples: SRES agents have lots of experience with downsizing. Selling the family home can be extremely challenging, if mom and dad have lived in the same place for 30+ years. Seniors often accumulate a wealth of “stuff” and disposing of it can be both physically and emotionally challenging, not to mention overwhelming. An SRES is armed with many resources to help mitigate the stress of this task, and has plenty of experience in this area.

Another common challenge faced by many seniors who are selling their family home is that they haven’t updated in many years. Outdated kitchens and baths, carpet and wallpaper that is out of style, and other similar issues can be overwhelming and hard for the prospective senior seller to understand. Again, a compassionate SRES can guide them through making wise financial decisions about the cost to upgrade versus simply pricing the property to sell “as is.”

SRES agents are also up to speed in senior friendly financing options. Everything from how to leverage pensions, IRA and 401k accounts, to helping their senior clients pick out the right resource for a reverse mortgage product. Because these types of loans are unique, few REALTORS are qualified to give advice; an SRES agent can help older clients steer clear of loan schemes and scams.

When it comes to choosing a new place, SRES agents are well versed in the range of 55+ communities, as well as local senior housing communities here in Williamsburg, Yorktown, Newport News and Hampton. For first time retirees, it is extremely helpful to consider homes that will “age” with them – in other words, practical floor plans and options such as first floor bedrooms and potential caretaker suites that can be adapted to meet their needs as they grow older.

We are fortunate here in Hampton Roads to have many options for active adult communities.  And, we are fortunate at Liz Moore & Associates, to have a fabulous, experienced, and well trained Senior Team standing by, ready to help our senior clients make their next move a great one!

Want more info?

TheSavvySeniorOnline.com was created as a resource for folks who are retiring to Williamsburg, VA and surrounding areas on the Virginia Peninsula and in the Historic Triangle.  You can search active adult communities, 55+ communities, age restricted communities, as well as homes for sale with first floor master bedrooms, or homes all one story or level.  We know where the best buys are for creating a maintenance free lifestyle!

The Liz Moore Senior Team understands the special needs of those who are downsizing, and we have a variety of resources to help you with auctions, estate sales, consignment, de-cluttering and every phase of getting your home ready to sell.  Be sure to ask us about our free e-book for seniors interested in downsizing!

You can reach us at 757-873-2707 in Newport News and 757-645-4106 in Williamsburg.  Just ask for the Liz Moore Senior Team!