SRES is an acronym for Senior Real Estate Specialist, a designation awarded to qualified agents by NAR, the National Association of Realtors®. In order to earn the designation, agents must complete classes that focus on topics such as:

• Distinguishing characteristics and trends related to the 55+ population
• Housing, finance, and retirement income considerations of the 55+ population
• Counseling strategies to help clients and customers plan ahead for life transitions
• The ins and outs of reverse mortgages
• How to use pensions, 401k accounts, and IRAs in real estate transactions
• How Medicare, Medicaid, and Social Security affect real estate decisions
• How to recognize loan scams targeted at the 55+ real estate buyer

The goal, opportunities, and challenges of those purchasing real estate in their retirement years are very different from those purchasing their 20’s or 30’s. If you’re a senior, it’s important to work with an agent that understands your needs and is trained to handle situations that arise.

Though there are more than 4,000 real estate agents in the Raleigh area, only around 70 of those agents have earned the SRES designation. Of those, Buyer’s Advantage Group is one of the only agencies that is a true buyer’s agency – meaning that we do not list homes and serve only as an advocate for the buyer.Â

No matter which agency you choose in the end, we advise seniors to research potential real estate agents thoroughly before making a decision. Looking for the SRES designation is an ideal place to begin to narrow the selection.Â

Tags: Senior Real Estate //