When Do You Actually Get Your Money Back From a Retirement Village?

One of the biggest questions families have about retirement villages is surprisingly simple: when do you actually get your money back? In this bite-sized episode of The Next Bit, Hannah McQueen and Mark Leishman talk with Jenny Baldwin, Partner at Anthony Harper, about what happens when someone leaves a retirement village, moves into care, or passes away, and the family is waiting for the unit to be resold. Jenny explains where to find information about resale timeframes, why the disclosure statement matters, what families should ask the operator, and why past resale times can give you an indication, but not a guarantee. They also touch on weekly fees after someone moves out, and how many retirement villages now stop those fees when the resident leaves. Because it’s one thing to understand the contract when you move in, it’s another thing to understand what happens when you move out. For more on this topic, listen to the full-length episodes, How to Choose the Best Retirement Village and What Are You Really Buying In A Retirement Village. Live well and independent for longer. Get your whole-person assessment at www.agebrightly.co.nz The Next Bit Hosts are: Hannah McQueen - Founder of Brightly Mark Leishman, Broadcast and TV Personality Join our community! We love to hear your feedback and questions. Instagram: https://www.instagram.com/thenextbitpodcast Facebook: https://www.facebook.com/profile.php?id=61584248556816 TikTok: https://www.tiktok.com/@thenextbitpodcast YouTube: https://youtube.com/@thenextbitpodcast This podcast was written and produced by the amazing team at PodLab www.podlab.nz