When a loved one moves out of their home and into an assisted living facility, it may be time to prepare to sell their home. When this is a parent’s home or a home where many family members grew up or have memories, the process of selling it can be a difficult one.
If you’re planning on selling your family home, then there are a few things you should know about first. Coming prepared will help reduce stress and anxiety and hopefully ensure a smooth process.
Continue reading to learn new tips on selling your family home.
Consider a Mediator
If there are a few family members involved, then it may be a good decision to hire a mediator. The last thing you want is to be overwhelmed by family members not coming to an agreement about something.
Keep in mind that there might be some family members who don’t want to sell the home even if it’s the best decision for your loved one and the family.
A mediator can help everyone communicate better and help negotiate a solution. An estate lawyer might also come in handy if needed.
Make Cosmetic Upgrades
Before selling the home, you may need to make some cosmetic upgrades. Sometimes, elderly homeowners enjoy living in their home with the same home decor from when they first purchased the home. Walk around the inside and outside of the home and be on the lookout for anything that’s outdated.
Cosmetic upgrades are fairly inexpensive and will make a significant difference in how quickly a home sells. Some things to consider are wallpaper, paint, hardware, carpeting, landscaping, and other similar factors.
Check for Liens
If there are any liens on the home, then you won’t be able to sell until these are paid off. It’s a good idea to always determine what liens are on the home before starting the selling process. You’ll need to come up with a plan to pay these liens off before you can legally sell the home.
Hire the Professionals
Selling a home isn’t always a simple process, especially when it’s a parent’s home. There will be a lot of paperwork to go through and lots of legal aspects to become knowledgeable of. Hiring professionals who can help you throughout the process is never a bad idea.
Professionals who can help you prepare the home for sale (paying off liens, making the right repairs, and more) will simplify the process for you and reduce stress. Although doing it alone might save you money in the present moment, hiring a professional can save you time and money down the road.
Be sure that you seek a professional that specializes in senior real estate. They should have Senior Real Estate Specialist qualifications.
Selling Your Family Home Can Be Difficult
Letting go of a family home is never an easy decision to make. Selling your family home can be difficult financially and emotionally.
When it’s time to sell, see how the professionals can help you. From senior home placement to selling a home and everything in between, we can find the right experts to help you.