4 Buying Tips for Disabled Homeowners

By
Real Estate Broker/Owner with The Celtic Connection Realty BR545869000

Buying a home for someone who's disabled can present some significant challenges. Not only does the disabled individual have to go and look at houses, but they may require separate financing options -- and they will need to be very conscientious about the properties that they consider. If you're helping someone disabled buy a home (or if you're disabled and buying a home yourself), here are a few tips you should consider.

1. Getting Financing for a Disabled Home Buyer

Not all buyers can purchase a home in cash -- in fact, very few can. Buyers on disability generally have a significant drawback: they don't have conventional income. Instead, a buyer on disability might have a lump sum settlement or they may have regular income from disability insurance. But that doesn't mean they can't buy a home; it just means they need to go through a specialty loan package. The government wants disabled individuals to purchase homes and achieve financial stability. There are programs that are designed to take into account SSDI and other disability payments (such as structured settlements) in order to finance a home. Borrowers who don't have any regular income at all may need to pursue alternate avenues, but there are services available.

2. Learn About Your Legal Rights

Disabled individuals have the right not to be discriminated against, especially when it comes to their disability. Unfortunately, disabled individuals can potentially run into discrimination throughout the home buying process; real estate agents may hesitate to work with them because of the relative complexity of the process, and sellers may not want to meet with them because they are wary about the type of financing they will use. These actions are not legal under the Fair Housing Act. Disabled individuals may want to procure legal recourse if they believe that they have been unfairly discriminated against during the process of purchasing a home.

3. Identify Any Disability-Friendly Modifications Needed

In a perfect world, you would be able to find a home that had already been modified for a disabled individual. But for the most part, you will usually need to make modifications after the fact. This may include rails, ramps and special bathroom facilities. If the individual residing in the home was injured due to the actions of another and has won or is pursuing a settlement or compensation, they may be able to incorporate the cost of these modifications into the cost of their injuries. This is one of the reasons it is important to pursue compensation in these situations.

4. Look for Disability-Related Services

Location matters more when purchasing a home for someone disabled. And it isn't just about purchasing in a location that has high property values. It's very important to look for a property that's located next to disability-related services. This includes physicians, urgent care clinics, handicapped transportation, and even grocery stores. For those who are in a wheelchair or able to travel in a motorized scooter, it can be important to make sure that the location and neighborhood is highly walkable.

A walkable neighborhood is a neighborhood in which all of the amenities are very close by, allowing even disabled adults to live independently and take care of many of their needs. Being close to medical and emergency services can be absolutely critical during a medical event.

Though buying a home for someone disabled can be more complex than purchasing a home otherwise, it doesn't have to be a daunting task. You may want to find a real estate agent that specializes in real estate for those who are disabled, as they will be able to find properties that are most ideal for you.

Source: RIS Media by Mikkie Mills

Ed and Celia Maddox

 

Ed and Celia Maddox

The Celtic Connection Team

Solutions Real Estate

Edward Maddox, Associate Broker, MRE, GRI, ABR

The Celtic Connection Realty Team - We Take the High Road

Solutions Real Estate - Multi-Million Dollar Producers 2004-2016

Direct: 480-987-9322  Cell: 480-612-7968  Fax: 800-410-9607

To search for homes go to our web sites:

http://www.QueenCreekRealEstateSolution.com (includes San Tan Valley)

http://www.JohnsonRanchRealEstateExpert.com

http://www.FlorenceRealEstateExpert.com

http://www.MerrillRanchRealEstateExpert.com

http://www.MaricopaRealEstateExpert.com

Contact us to set up search for any area of Phoenix area

 

A FEW OF OUR TESTIMONIALS (Additional ones upon request)

 

Nicole Marr

Celia and Ed Maddox were wonderful to work with. They were extremely patient with me and very flexible with showing houses. It's nice to work with a husband and wife team because it really is twice the service! They complement one another nicely and both bring different perspectives to the table so you get very well rounded views and opinions from them both. I plan on staying in my home for many years, but if I ever do buy or sell again in the future I will definitely use Ed and Celia!

 

Ron and Ellen Littlejohn

Thanks so much for all your help with the purchase of our new house!

 

 

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Edward and Celia Maddox, Associate Broker, MRE, GRI, ABR
The Celtic Connection Realty - We Take the High Road
Solutions Real Estate - Multi-Million Dollar Producers 2004-2011
Direct: 480-987-9322 Cell: 480-612-7968
Fax: 800-410-9607

 

 

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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Very well written and a good explanation. 

     I worked with a couple to purchase their home; the wife is completely blind, the husband is legally blind.  We found a home in a walkable neighborhood with a city bus stop close by.  They are happy there!

Nov 20, 2016 11:42 PM #1
Rainmaker
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Jeffrey Masich- Arizona Associate Broker,MBA &GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thank you for sharing and commenting Edward & Celia Maddox on this important subject.

Nov 20, 2016 11:46 PM #2
Rainmaker
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Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Thanks for comment.

Nov 23, 2016 08:09 AM #3
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