The National Association of Realtors recognized the growing demand for such a specialist in real estate because of the circumstances surrounding seniors that invariably can affect their estate and their future financial security.
The SREP designation was created in 1997 and the industry began offering the special certification.
Being a senior, means you have a far different goal in mind when selling or buying real estate than other demographic groups.
Senior Real Estate Specialists are experienced to guide you through your specific circumstances and address the issues, help you to prepare your estate and home before placing it on the market or purchasing a rental property or to downsize.
There are all sorts of items to consider that are specifically relevant to seniors.
It's why Senior Real Estate Specialists work closely with:
Assisted Living Communities
Elder Law Attorneys
Veterans Benefits Specialists
Assisted Living Bridge Loan Lenders
Estate Sales and Auctioneers
A Senior Real Estate Specialist will manage your account through it all. The SRES professional, unlike a regular real estate agent, knows and understands the magnitude of a senior’s transition as it affects them and their families.
They provide guidance and business contacts, to make sure they come out of escrow, in the best possible position relevant to entitlements, benefits, and estate.
Emotionally, the SRES professional is aware of the profound life change and are there to provide support. They understand the lifelong, life-filled home they are selling of another, and many times, to enter an unknown life ahead. It's exciting but it can be scary too.
It's experience that makes the SRES professional empathetic and patient as they wade through the options that arise with a plan.
It can be as simple as setting up the packing and making sure you have what you will need, to move you, to introduce you to an attorney, to help you to adopt a legal and tax strategy in relation to your real estate transaction. The SRES will coordinate all of it for you and make sure their job is done right.
The SRES distinction signifies that the professional practices real estate with the knowledge and experience of seniors and knows how to proceed to prepare a plan to optimize their senior client’s real estate results.