Baby Boomers and their Parents – Why I chose Real Estate’s Senior Real Estate Specialist Designation.
How many people do you know who are in the 50+ age group? You, your parents, aunts, uncles, grandparents, or a combination of the above? Various statistics show that approximately 10,000 people retire every day in the United States. Some are some retiring early in their mid-50’s to early 60’s and others who are either choosing to continue their career or are in a life situation that makes it mandatory. Lack of pensions and uncertainty regarding social security keeps many of us in the 50+ age group active in the job force. This situation creates a diversified outlook for those who are 50+ age range as compared to earlier decades in the real estate market.
I left the corporate world to pursue a meaningful career in Real Estate that could serve others in achieving their homeownership dreams and next goals in life to fit their financial situations. My first listing was a 75-year-old family member who was in a situation that required downsizing. She had recently broken her hip and had several other health issues that hampered her ability to keep her home in order. A widow, she owned a 5,500 square foot home that included stairs, pool, fountains, and a very large yard. Also, the thought of moving was incredibly overwhelming and daunting when she realized there was a lifetime of “stuff” in that 5,500 square foot home that included belongings of several other family members, living and deceased. We rolled up our sleeves and got to work purging, updating the décor, and planning an estate sale. However, it isn’t that simple and requires many adjustments. Memories and emotions of the homeowner coexist side by side with trust that must be established with the Realtor. Change is never easy, and this adjustment has a sense of finality to anyone, especially for folks who have made memories in their home for years. It was to my profound interest during this time when I discovered there is a designation the Realtors can achieve to assist the 50+ market: the SRES (Senior Real Estate Specialist). I saw first-hand how important it is to engage empathy, efficiency, and an extensive support network to ensure the transition and next steps of that senior are as effortless as possible.
The SRES is a real estate curriculum that qualifies for 12 hours of continuing certification and a specialist designation. The core classes include adaptation and emotional considerations, housing options, aging in place, financial and legal considerations, and the sale of your current home. The 50+ market encompasses a large population, and many 50 somethings will emphatically state that they are not seniors. I can certainly attest to that myself. The largest group represented in this designation is the Baby Boomers (1946-1964), and many within this group, who may still be rightsizing or upsizing, have parents who are potentially in the process of moving into a retirement villa or assisted living. The adult children are almost always involved in the assistance of their elder parents. Many times, the parent doesn’t have any relatives living in their area, and the out of town children must make arrangements for specialists to assist during this period of adjustment. Whether it is a local situation or involves distance, it is a great comfort to know that your parents are in good hands with a solid network of professionals who can assist when the time arrives.
I became involved in Real Estate to help others achieve their goals and dreams of a lifetime. These can be reached at any age, whether you are a millennial just beginning the journey or a senior who needs the relief of downsizing and a maintenance free environment. The SRES designation allows me to provide a package of professionals and expertise to ease the transitions as the population ages.
Fulfilling and delivering dreams while lending a hand through life’s changes. Now that’s a career!