Before You Sell the House to Pay for Care… Watch This | Mark Maimon

Описание: When families begin planning for senior living or long-term care, one of the first thoughts is often: “We should sell the house to pay for it.”

But according to mortgage expert Mark Maimon, that decision can sometimes be made too quickly — and it may come with unexpected financial consequences like capital gains taxes.

In this conversation, Mark explains how some seniors are using creative financing strategies to access home equity without immediately selling their home. For many older adults living on fixed income — Social Security, pensions, or limited retirement savings — having flexible financial options can make a significant difference when planning for future care needs.

We discuss:
• Why income is often the biggest challenge for seniors
• How home equity can sometimes provide financial flexibility
• The importance of timing when selling a home
• How capital gains taxes may impact senior care planning
• Why financial, real estate, and estate planning professionals should work together

Planning ahead allows families to explore all their options before making permanent decisions.

If you're navigating decisions about paying for care, senior living, or housing transitions for a loved one, understanding the financial side can help families make more informed choices.

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