Is It Time For Your Senior Parents/Grandparents to Simplify Their Home Life?

By
Mortgage and Lending with Karen Pierce | Housing Counselor |Oregon NMLS 223305

Elder Senior Citizen, photo courtesy of flickr.comDo you have a parent or grandparent who is one of the 65,000+ Jackson County Oregon residents aged 50+?  Population Growth for the Rogue Valley has averaged over 1.5% per year. One segment is the 50+ age group, a group which represents roughly 33% of the residents of Jackson County's estimated 199,295 residents in 2007.

 

Age Characteristics (from City of Medford Comprehensive Plan)

In 2000, the majority of cities in Jackson County had a greater percentage of residents under age 18 than over age 65, including Medford. However, Jackson County had a lower percentage of residents under age 39 (51%) than Oregon (56%), but a higher percentage of residents over age 50 (33%) than Oregon (29%). This suggests that Jackson County, including Medford, is attracting people who have retired or are soon to retire. Baby boomers (aged 45 to 64) were the fastest growing age group in all of the cities in Jackson County in the 1990s, except for Medford, Talent, and White City. Medford, Talent, and Central Point had the greatest increase in younger residents - under age 44. Medford experienced the highest growth in the County in the 5 to 17 age group, which grew by 3,627 - a 44% increase.

Information Source: 2000 Federal Census via Jackson County Comprehensive Plan, 2007Population Element

 

With the phenomenal Quality of Life we have here in Southern Oregon, our net migration numbers are some of the highest in the State of Oregon. Many of the 50+ group migrating to the Rogue Valley are active residents still part of the workforce drawn here for the many options available to them to fulfill outdoor interests while having their economic and health care needs met. Some of these folks are focused on the future, knowing when they reach the stage of their lives where they no longer will be living independently there are a multitude of options available to them in Southern Oregon.

There are a large variety of facilities available for those looking to move from their current home in to a home where they will receive the care they may need - from regularly housekeeping to meals to full medical care. Tools are available to help you research the quality of care in these facilities, such as Medicare's facility inspection resultsand additional reports/information you may obtain by contacting the DHS or Area Agency on Aging local office and the Long-Term Care Ombudsman program at (800) 522-2602.

If part of the process associated with moving your loved one out of their home includes exploring financing options or the sale of the home, it is critical you look for professionals familiar with these transactions. For the sale of the home, you should work with a real estate broker with the Senior Real Estate Specialist designation who not only has made the effort to obtain the specific training and information for these special types of transactions, but comes highly recommended by other families they have worked with on these types of transactions.

As with all real estate transactions, surrounding yourself with the right team will make what can be a complex process a smooth one.

http://activerain.com/blogsview/553000/Living-Longer-And-Lifelong-Learning-Programs-in-Southern-Oregon

http://activerain.com/blogsview/511319/California-50-Somethings-Ready-to-Begin-Their-Steps-to-Retire

http://activerain.com/blogsview/410880/Rogue-Valley-Manors-Contribution-to-Southern-Oregon

See you out there!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com

 

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Karen Cooper Southern Oregon|California Mortgage ConsultantKaren Pierce - Housing Counselor/Certified Foreclosure Intervention & Default Counselor

               NMLS #223305

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Rainmaker
531,769
Liz Moras
Harrison Hot Springs, Cultus Lake - Chilliwack, BC
Chilliwack Realtor, Garrison Crossing,Chilliwack, Abbotsford

Karen - I think thats a very good market to target......good numbers, questions....and information!

October 20, 2008 01:16 PM #1
Rainmaker
310,349
Karen Pierce
Karen Pierce | Housing Counselor |Oregon - Medford, OR

Liz - This market niche is likely to continue to grow by leaps and bounds when the California property sales pick up again. Thanks for commenting!

October 20, 2008 01:22 PM #2
Rainmaker
147,122
Krista Laulainen
Realty Trust Group - Portland, OR
Portland - Homes & Real Estate for Sale

For once, I am considered young.

October 20, 2008 04:31 PM #3
Rainmaker
310,349
Karen Pierce
Karen Pierce | Housing Counselor |Oregon - Medford, OR

Young, and full of many designations!

October 22, 2008 02:24 PM #4
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Rainmaker
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Karen Pierce

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