Senior Housing Wait Lists – What You Need to Know
By Bruce B. Rosenblatt – Senior Housing Solutions
Navigating wait lists at senior living communities can be complex. These key points will help you prepare effectively.
1. The Name Game
- Wait lists may have different names: Priority Club, Premier Club, Ambassador Club, etc.
- Early depositors often get priority at start-up or expanding communities.
- Initial deposits during the priority phase are typically fully refundable until final conversion.
2. Deposit Requirements
- Deposits can be non-refundable or fully refundable, depending on the community.
- Non-refundable deposits carry more weight but may be refunded in certain situations (e.g., health changes, death).
- Understand the terms before committing.
3. First Right of Refusal
- This option lets you accept or refuse an apartment when offered.
- If your preferred floor plan becomes available, act quickly—you might not get another chance soon.
- Waiting too long can lead to losing eligibility if you’re not medically approved.
4. Internal vs. External Wait Lists
- Internal Wait List: Current residents waiting for a different apartment.
- External Wait List: New prospective residents.
- Internal wait list members usually get priority over external members.
- Ghost Program: Allows someone to become a resident without moving in, offering priority over external lists.
5. The Three-Strike Rule
- Some communities have a “three strike rule”: Decline three offers, and you drop to the bottom of the list.
- Know the community’s policies before placing a deposit.
6. Medical Approval
- Medical approval is not usually guaranteed at the time of joining a wait list.
- Some communities offer preliminary medical approval with updates over time.
- Don’t rely solely on one community; medical eligibility can change.
7. Know Thy Numbers
- Understand:
- Number of people on the wait list
- Breakdown by unit type
- Annual turnover rates
- Waiting for a two-bedroom may take longer due to lower turnover (two people need to vacate).
8. It’s a Numbers Game
- Broaden your choices by:
- Identifying multiple floor plans or locations.
- Placing your name on multiple wait lists (keep this confidential).
9. Put Your Toe in the Water
- Stay engaged by:
- Regularly contacting the community for updates.
- Participating in community programs and events to acclimate to the lifestyle.
Need Help?
For assistance with understanding wait lists, contact Senior Housing Solutions at:
📞 239-595-0207
🌐 www.seniorhousingsolutions.net