Home Buyer Tax Credits Also Benefit Older Homeowners Looking To Sell

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The home buyer tax credits expiring on April 30 can also benefit older adults looking to sell their homes, according to Jennifer Prell, president of Silver Connections, Chicagoland’s free senior housing and eldercare referral service.

The home buyer tax credit program also has grown the pool of potential buyers, giving a big boost to those who want to sell their homes in these challenging economic times.

The home buyer tax credits expiring on April 30 can also benefit older adults looking to sell their homes, according to Jennifer Prell, president of Silver Connections (http://www.asilverconnection.com), Chicagoland’s free senior housing and eldercare referral service.

“People tend to think of the credits -- $8,000 for first-timers and $6,500 for repeat buyers -- in terms of helping home purchasers. However, the program also has grown the pool of potential buyers, giving a big boost to those who want to sell their homes in these challenging economic times,” she says.

“Many buyers seek affordably priced properties in well-established neighborhoods where they can raise their families. We hear from older adults looking to sell properties exactly like these so they can transition to some form of senior housing. Frequently the individuals who want to sell can be more flexible about pricing, since they’ve owned their homes for many years and have accumulated a substantial amount of equity.”

Not only does Silver Connections help clients with senior housing selection; it also helps older adults and their families find experienced real estate agents, attorneys, financial advisors and relocation specialists. If necessary, its experts help clients identify and tap into personal and governmental financial resources to get the care they need, once they move.

“We save our clients time by helping them find the housing option that best fits their lifestyle, location and budget, and that has the required level of support,” says Prell.

For more information, or to speak with a Silver Connections senior care consultant, call 866-421-8266 or visit http://www.asilverconnection.com.

About Silver Connections
Silver Connections is a free elder resource network operating throughout the Chicago area for seniors, their families and professionals who help older adults. It specializes in senior housing and care options, including retirement communities, independent living, assisted living, memory care, supportive living, skilled nursing, and in-home care.

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Cynthia Martin

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