Getting Expert Help

You do not have to execute a comprehensive downsizing plan entirely on your own. Bringing in the right professionals can streamline the process, protect your equity, and significantly reduce your stress levels. Consider building a team with the following experts:

Senior Real Estate Specialist (SRES): Real estate agents with an SRES designation have specialized training in the unique financial and emotional challenges older adults face when selling a long-held family home. They understand the nuances of retirement communities and can guide you toward properties designed for aging in place.

Senior Move Managers: These professionals specialize in assisting older adults with the physical and emotional aspects of downsizing. They can help you create a floor plan, sort through decades of possessions, manage estate liquidators, and coordinate the actual moving day logistics.

Certified Financial Planner (CFP®): Before listing your home, consult a fiduciary financial advisor. They will help you run the math on how the net proceeds from your home sale will affect your retirement income strategy, tax bracket, and estate plan. You can find verified professionals through the Certified Financial Planner Board.

Certified Public Accountant (CPA): A tax professional is vital if your home has appreciated significantly. They can help you calculate your potential capital gains exposure and advise you on strategies to minimize the tax impact, particularly concerning how the sale might influence your Medicare IRMAA surcharges.