Selling Your Home to Pay for Senior Living: 5 Key Considerations

June 30, 2025

For many older adults, a home holds more than just memories; it’s also one of their most valuable financial assets. When the time comes to consider a move to senior living, one of the most common questions is “how to pay for senior living?”. For many seniors, selling their current home becomes a practical and effective solution.

Selling your home is a big decision that comes with important financial, emotional, and timing considerations. At Stonebridge at Montgomery, we understand the significance of this transition. Whether you’re moving into a Life Plan Community or exploring future care options, here are five essential things to keep in mind when preparing to sell your home.

1. When Should You Sell Your Home? Timing Matters

Knowing when to sell your home is an important first step in the transition to senior living. Factors such as market conditions, personal health, and care needs can all play a role in the timing of the sale. While spring and summer are typically the busiest seasons for homebuyers, your personal goals and care requirements should ultimately guide your decision.

If you’re considering a move to a senior living community like Stonebridge at Montgomery, connecting early with the team can help ease the transition. We offer resources and guidance to help you plan at your own pace, so you can move when the timing is right for you.

2. Tax Considerations

Taxes are another important factor to consider when selling your home. Depending on your financial situation and how long you’ve owned the property, there may be tax gains or losses to keep in mind. Speaking with a trusted tax advisor can help you better understand your options and avoid any unexpected costs as you plan your next move.

3. Moving Costs

While your home may hold substantial equity, selling it also comes with costs. Commissions, repairs, staging, and moving expenses can quickly add up. Creating a budget can help you see the full picture and avoid surprises.

4. Consider Alternative Funding Options

Although selling a house to pay for senior living is common, it’s not the only path. Depending on your situation, you may want to explore:

Short-term financing options to help manage expenses during your transition
Insurance policies that may help cover care-related costs
Generating income from your home before it’s sold, such as renting it out

These alternatives can give you more flexibility, especially if you’re not quite ready to sell or want to take advantage of more favorable market conditions down the road.

5. Align the Sale With Your Senior Living Goals

Ultimately, selling your home should support your broader goals for care, comfort, and lifestyle. If the home has become too much to maintain, or you’re ready for more support, moving to a Life Plan Community like Stonebridge at Montgomery can offer peace of mind for the future.

Our continuum of care, including independent living, assisted living, skilled nursing, and rehabilitation, means you can enjoy the present while planning confidently for what’s ahead. Selling your home is one part of the journey; choosing a community that supports your evolving needs is just as important.

Making a Confident Move Toward the Future

Selling your home is a big decision, but with the right plan and support, it can also be the beginning of a new, fulfilling chapter. At Stonebridge at Montgomery, we’re here to help you navigate your transition with confidence and care.