Fair Deal Valuations
A jargon-free guide to this government initiative in financing long-term nursing home care.
Skip to content A jargon-free guide to this government initiative in financing long-term nursing home care.
Welcome to our comprehensive guide on Fair Deal Valuations in Ireland, particularly tailored for Estate Agents. The Fair Deal Scheme, officially known as the “Nursing Homes Support Scheme”, is a government initiative designed to assist individuals in financing long-term nursing-home care.
As Estate Agents specialising in Fair Deal Valuations, we understand the importance of navigating this process efficiently. Here’s a step-by-step overview to guide you through the Fair Deal Valuation process.
The Fair Deal Scheme is administered by the Health Service Executive (HSE). For a smooth start, reach out to the HSE directly or visit their website to access valuable information and application forms.
Obtain the Fair Deal Scheme application form from the HSE. Accurately fill out the form, providing comprehensive details about your financial situation, assets, and income. Ensure all necessary documentation is included.
Upon submission of your application, the HSE will conduct a thorough financial assessment. This evaluation takes into account your income, assets, and various financial factors to determine your contribution to the cost of care.
Part of the financial assessment involves a Fair Deal Valuation, which assesses the value of your assets, including property. Property valuations are typically based on market value, and a valuer needs to be appointed for an accurate assessment.
Following the financial assessment and Fair Deal Valuation, the HSE will communicate the amount you are required to contribute towards your care. The state will cover the remaining cost.
If upfront payment is challenging, the HSE may offer deferred payment options. This allows the contribution amount to be settled from your estate after your passing.
It’s essential to note that the Fair Deal Scheme primarily addresses financial support for nursing home care. For specific queries or detailed information about the Fair Deal Valuation process, consider reaching out to the HSE or seeking advice from legal or financial professionals well-versed in the scheme. As details of the Fair Deal Scheme may be subject to change, stay informed by consulting relevant authorities for the latest updates.
Here at George and Maguire Properties we specialise in guiding clients through the Fair Deal Valuation process, ensuring a seamless experience. Contact us today for expert assistance in navigating Fair Deal Valuations and related property matters.
Serena Maguire, Licensed Estate Agent.
Call: 0868034634
Patrick George, Licensed Estate Agent.
Call: 0867356272
CONTACT US TODAY
Patrick – 0867356272
Serena – 0868034634
info@georgeandmaguire.ie
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