How To Apply for Residency
With 268 retirement residences on our campus, we surely have one that meets your needs and wishes. Once you decide on the size, style and location of your new home at Sherwood Oaks, there is a two-step application process that will guide you through to the day you move into your new home.
Step #1 Financial Application
We will ask you to complete and return to us a Confidential Disclosure Application. This will help us determine if you qualify financially for the specific size residence that you are applying for. Our chief financial officer will review your application and we will call you within a few days.
Step #2 Medical Application
Once you are financially approved, we will schedule an appointment for you to meet with our Medical Director and Community Nurse. You (or your insurance) are responsible for the costs related to this medical application. A Consent to Release Information form is available and can be used to request that your medical records be sent to Sherwood Oaks before your medical appointment.
After you’ve completed these two steps, you will sign contracts on your new PA retirement home and give Sherwood Oaks a deposit in the amount of 15% of the entrance fee. This deposit will allow us to hold your residence until you move in. Typically, you will have up to 90 days to move in. The balance of the entrance fee is due when you move in, at which time the monthly fee also begins.
Commonly Asked Questions about Moving
Q: How long will I have to move in?
A: Once you’ve signed contracts and given Sherwood Oaks a deposit of 15% of the entrance fee, you will have 3 months to move.
Q: What happens to my deposit if I’m not able to move in?
A: When you sign contracts and give us a 15% deposit, you may cancel within 7 days and receive a full refund of your deposit. After 7 days, but before you move in, you may cancel without financial penalty if you become medically incapable of living safely in your chosen retirement home. If you cancel after the 7 days and have no medical issue you will be refunded your deposit, less $5,000.
Q: Is Sherwood Oaks financially secure?
A: Sherwood Oaks is financially secure. First, we have over 32 years of successful operating experience. We also comply with regulations set forth by the Pennsylvania Department of Insurance. These regulations are designed to ensure that we have sufficient reserve funds to provide the future health care that we promise residents when they move in. Our annual financial statements are audited by Ernst & Young, and a copy is available by calling (800) 642-2217.
How we help you with your move
We have assembled a team of skilled and experienced professionals who can help you tremendously with your move to one of the best senior housing communities in Pennsylvania.
Preferred Realtor Program – with the volume of residents moving onto the Sherwood Oaks campus we’ve found that Howard Hanna, Berkshire Hathaway, and ReMax give “above and beyond” service to our clients, that even includes a financial rebate. We suggest that you interview an agent from each company and select the one that best meets your expectations. Call us to enroll in this program before you contact them.
- Moving Organizer – Take advantage of five hours of a professional moving organizer – FREE!
- Estate and Household Sale – We have a list of estate sale companies who will visit your home and provide you with a free estimate for holding an estate sale to sell unneeded household items.
- Bridge loan financing – if your home sale is taking longer than expected, Sherwood Oaks has a financing program that defers payment of your entrance fee.
Send application materials to:
Sherwood Oaks Retirement Community
100 Norman Drive
Cranberry Twp., PA 16066
Phone: (800) 642-2217
Fax: (724) 776-8468