By Shaun Shaya, Your Trusted SRES® Realtor in Oakland County

Buying, selling or downsizing a home in retirement is a major life decision — and for many seniors, the process can feel confusing, intimidating, or overwhelming. That’s exactly why homeowners across Oakland County—especially in Birmingham and Bloomfield Hills—turn to Shaun Shaya.

Shaun is a Certified Seniors Real Estate Specialist® (SRES®), uniquely trained to guide older adults through every step of the real estate process with clarity, compassion and expertise. Whether you're planning to downsize, relocate closer to family, or purchase a retirement-friendly home, Shaun brings deep knowledge of senior financing, local market trends and personalized guidance that puts your comfort first.

Why Seniors Trust Shaun Shaya

✔ Expertise in Senior Housing & Financing

Shaun understands that financing a home in retirement often looks different from financing in your working years. Many seniors believe myths such as:

• “I’m too old to qualify for a mortgage.”

• “Retirement income doesn’t count.”

• “A reverse mortgage is always the best option.”

In reality, seniors have more financing choices than they think—from conventional loans and FHA programs to reverse mortgages and asset-based lending. Shaun helps clients understand their rights, their options, and the safest path toward long-term financial stability.

✔ A Deep Understanding of Oakland County

With extensive experience in Birmingham, Bloomfield Hills and surrounding Oakland County communities, Shaun provides:

• Market insights tailored for retirees

• Neighborhood recommendations based on healthcare access, transportation, walkability and lifestyle needs

• Support for both local homeowners and relocation buyers

His local knowledge ensures seniors choose homes that support comfort, convenience and long-term independence.

✔ A Compassionate, Client-Centered Approach

Seniors may face unique challenges—from health considerations to estate-planning concerns to timing moves around major life events. As an SRES®, Shaun communicates clearly, patiently and respectfully. He breaks down complex topics like:

• Mortgage qualification using Social Security or pension income

• Downsizing without sacrificing comfort

• Evaluating home accessibility for future mobility needs

• Estate impacts of financing, equity, and home transitions

Your long-term well-being drives every recommendation he makes.

What Seniors Need to Know About Financing a Home in Retirement

Based on the latest senior-finance research and industry best practices, here are the most important things older adults should understand when planning a purchase or sale.

1. Age Is Not a Barrier to Getting a Mortgage

Federal law strictly prohibits age-based lending discrimination. Lenders must evaluate:

• Creditworthiness

• Debt-to-income ratio

• Verified income sources

This means seniors can qualify for long-term mortgages, including 30-year loans, if financial requirements are met.

2. Retirement Income Does Count

Lenders regularly accept:

• Social Security

• Retirement account distributions (401k, IRA, pensions)

• Annuity payments

• Investment income

• Rental income

• Part-time work

Seniors simply need proper documentation—an area where Shaun guides clients step-by-step.

3. Seniors Have Diverse Financing Options

Purchase-Focused Options

• Conventional loans

• FHA loans with low down payments

• VA loans for eligible veterans

• USDA rural loans

• Bank statement loans

• Asset depletion loans

• Bridge loans

• Family co-signing options

Equity & Cash-Based Options

• Home Equity Conversion Mortgage (HECM) reverse mortgage

• Proprietary reverse mortgages

• HELOC or home equity loans

• Cash-out refinances

• Retirement fund withdrawals

• Proceeds from selling a current home

Shaun ensures you understand the advantages, risks and long-term implications of each strategy.

4. Important Documents Seniors Should Prepare

When applying for a mortgage, seniors typically need:

• Social Security or pension statements

• Retirement account distribution proofs

• Bank and investment statements

• Credit reports

• Photo ID and Social Security card

• Purchase agreement, insurance quotes, appraisal info

• Reverse mortgage counseling certificates (if applicable)

Being organized dramatically speeds up approvals—and Shaun assists with all required paperwork.

Why Having an SRES® Specialist Like Shaun Matters

The senior real estate market is different. It requires:

• Clear communication

• Patience

• Understanding of retirement-based financing

• Awareness of physical, financial and emotional factors affecting older adults

• Familiarity with estate considerations

• Strong relationships with senior-focused lenders

Shaun checks every box — making him one of Oakland County’s most trusted agents for seniors and their families.

9 Quick Tips for Seniors Planning to Buy or Downsize

1. Prepare documentation for all retirement income.

2. Include taxes, insurance, maintenance and healthcare accessibility in your budget.

3. Choose locations with good medical facilities and transportation.

4. Think long-term—will this home fit your lifestyle as you age?

5. Review debt-to-income ratios carefully.

6. Consider how buying will impact your estate or heirs.

7. Explore special loan programs designed for older adults.

8. Avoid draining retirement savings unnecessarily.

9. Work with a certified SRES® professional who understands senior needs.

Work With Oakland County’s Senior Real Estate Expert — Shaun Shaya

Whether you're downsizing, selling a long-time family home, or finding the perfect retirement property in Birmingham, Bloomfield Hills or anywhere in Oakland County, Shaun Shaya is ready to guide you with expertise, integrity and genuine care.