If one of your parents have recently experienced a debilitating accident, illness, or injury and can no longer live independently or take care of their own affairs, living even a few hours away from them can make it difficult to assist them with selling their home. Unfortunately, the cost of long-term nursing care and assisted living facilities are often exorbitant and few insurance companies will bear the full cost of those expenses indefinitely. As a result, selling your parent's home quickly is probably a pressing concern. You can find one of the local realtors to help you and your parents sell their home in a timely manner, it's a good idea to ask any Realtor with whom you might work the following questions.
How Will The Home Be Marketed?
When attempting to sell a home, it is often helpful to first determine the type of person or family who are likely to be interested in that specific type of property and then to market it to them in the most appropriate way. For instance, best to consider the size, value, and location of the home. If it's in an area with many older homeowners who have lived there for decades, you might find that a family with young children wouldn't consider it to be a dream home. The same might be true if the perception of the neighborhood's safety or appeal has decreased in many years.
Fortunately, each of those issues can be overcome by marketing the property to the right person. For instance, if the neighborhood in question is not as safe as one might hope, it is possible that reducing the price of the home would make the home more appealing, especially if you opt to throw in a few reasonably priced, but aesthetically appealing upgrades. Alternatively, the appeal of a home with many retired persons nearby might improve when interested buyers are reminded that the new neighborhood is quiet and unlikely to experience wild parties or high crime rates.
How Will The Sale Be Supervised Without Your Physical Presence?
Although selling a home long-distance has become more common in recent years, it still is not exactly commonplace. As such, it often requires a specific skill-set on the part of the Realtor and experience. For example, if your Realtor still hosts open houses, he or she might need to be there since it is unlikely that you and your parents could be there at each event. In addition, you might want to verify how much and often communication will occur between you, your parents and the Realtor.
If you typically work 60 hour work weeks, you might not want to be informed of every detail. However, if you have more available time and those details are important to you, you might want to have the final say in whether the dining room is painted a dark cream or a light beige. Regardless, it will be quite helpful to make sure that all of the involved parties are in agreement as to the frequency, amount, and type of communications that will occur while the home is on the market and throughout the completion of the sale.
In conclusion, selling your parent's home can be challenging for everyone involved. Unfortunately, it's often necessary as medical and health conditions change. Since money is frequently a concern at that time, it's best to choose the most appropriate Realtor for their needs by asking the above questions.Share