They want to stay in their community with a support network. Seniors need more than a real estate agent. Questions to ask When they get phone calls from seniors asking them to list their houses for sale, the two said, here are some of the questions they ask. Maybe a reverse mortgage is the answer, providing cash in hand for repairs, upkeep or living expenses. Maybe sharing the house with a relative or friend who pays rent and handles cleaning and maintenance will allow a senior to stay in the home.
Some seniors say they're going to stick the money in a savings account.
Sometimes that means they hold out for an unrealistically high price. In some traditional couples, the husband has been the decision-maker who handled family finances. When he dies, the wife is at a loss. Women live an average of six years longer than their spouses. Those who are unfamiliar with finances need advice and help.