A recent 7.30 report again highlighted the regret that can come years down the track for people who move to a retirement community, when they (or their estate) sell their unit and realise the true cost of the transaction. It’s an all too common story which is now leading to pushes for changes to the legislation and the establishment of an industry ombudsman to resolve disputes.
These stories are at least in part also responsible for the other type of buyer regret people face when moving to a retirement community – the regret that they didn’t move sooner. No matter which type of regret people face the biggest issue is that it is often too late to do anything about it. Noel Whittaker and I have heard the stories for years. While an industry ombudsman may help to resolve disputes, avoiding disputes in the first place will only come from transparency and education which is why we decided to write The Retirement Living Handbook.
The Retirement Living Handbook is aimed at people considering making the move to a retirement community - the tree change, sea change and downsize seekers of Australia - with a view to preventing both types of regret. The book covers all of the important aspects of moving to a retirement community from selling your home to finding the right retirement community, the different forms of legal contract and financial arrangements and the impacts on pension entitlement and eligibility for rent assistance. To put all of the concepts into a real life context we have included more than a dozen case studies from Australian retirement communities. At the back of the book there is a directory of over 1,000 retirement communities broken down by lifestyle with a lexicon of key features to help readers identify the retirement communities that may best suit them.
Agent Select is proud to support the retirement living community when it comes to realising the maximum sale price for their property- with a minimum of hassle.