Selling Your Home to Pay for Care

Texas Realty Buyers

Reputable As-is Home Buyer Do you need to access the equity in See their ad on page 94 your home – simply and swiftly?

You don’t need a real estate agent to sell your property.

Texas Realty Buyers can directly purchase your home in any condition, with no need for commissions, fees, investing money in repairs, listing, staging, showings or closing costs.

We can save you wasted time, stress and hassle. And we work on whatever timeline SELLING YOUR is best for you. Too many possessions? We can help with downsizing, estate sales, and moving. Take what you want and leave the rest to us.

Call us for a free consultation

HOME TO PAY For a free consultation call or text and we’ll discuss your options, enabling you to make the right choice for you and your loved ones. FOR CARE 512-436-3028 info@texasrealtybuyers.com Learn more at www.texasrealtybuyers.com

When we understand your circumstances, we can provide support and resources to inform your decisionmaking. We recognize that we’re not the best solution for every situation – often we advise that you don’t sell to us, or that you don’t sell at all. We operate with complete transparency. From day one you’ll know exactly what to expect and when. Call today

to learn more about what we can do for you.

CONSIDER YOUR OPTIONS

Paying for elder care can be expensive. According to The American Elder Care Research Organization, approximate costs range from $700 to $12,000+ per month depending on the type of care needed.

Oftentimes, caregivers are left feeling stressed and wondering “How can I afford the care mom/dad needs?” A solution to this tricky question is within your reach.

There are several ways to utilize the equity in one’s home to pay for senior care. A homeowner can consider:

• Traditional (fixed-rate) home equity loans • Home equity lines of credit (HELOCs) • Reverse mortgages • Turning a home into a rental property

If a family member doesn’t wish or isn’t able to remain in their home, selling will probably be the best option. Once you’ve determined you’re going to sell the house, you’ll next need to identify which avenue for selling you’re going to take.

WAYS TO SELL YOUR HOME

There’s more than one direction for you to consider when selling a house.

• Sell it to a professional homebuyer. • Sell the property yourself (known as For Sale By Owner or

FSBO). • Hire a real estate agent or broker to stage, photograph, list and show the property.

CONSIDERING THE IMPLICATIONS OF SELLING YOUR PROPERTY

Your unique circumstances will determine your best option. You should also consider the financial and personal implications of each of the ways to sell the property:

Financial implications based on timeline; these stem from questions including:

• Is the sale before or after moving? • What is the impact on income tax or Medicaid eligibility?

Personal implications; on the emotional side, these are the issues of mitigating the stress of a sale and move, and what happens to all the contents of the home.

Selling one of your largest and most meaningful assets requires a great deal of thought and input. Make sure to seek counsel from legal and tax advisors as well as knowledgeable friends and family before embarking on the home-selling journey.

andConsPros

It’s important to look at the advantages

and disadvantages of each of these

options. We dive into these further in the full article in our Caregiver Toolkit. Visit srgtexas.com/getcaregivertoolkit