Take Out the Emotion of Selling Deceased Parents Homes
There is really some emotional trauma that comes with selling deceased parents home. You will not only mourn for your loss, but you will also allow a stranger to take over that place where you spend so many memories. The process of selling will be more difficult if it is entangled with legal webs and divisive siblings when it comes to arrangements. The first thing to do if the grieving heirs would want to sell the property, is for them to talk so that everyone will be emotionally at the same place.
The next thing to do in selling your deceased parents home is to hire an agent or find a private investor who specializes in this area. Real estate agents and investors are in the best position to give the property the best deal that it can get. They have ample knowledge and experience in the housing market industry as well as they can assist you in setting proper prices for the house and how to properly handle negotiation when it comes to prices. They are also knowledgeable about the legal concerns of selling a deceased property so that the sale will run smoothly. You should be aware that there are expenses, which are chargeable to the property until it is finally disbursed.
If you’re going to go the route of finding a good real estate agent; make sure you can find someone who place the property in the market and have it sold quickly. Work with an agent who can give you a full market analysis of you property in the market. A good agent should be able to provide your property excellent presentation on multiple listing services in selling your parent’s home.
A good real estate agent should be able to work on the projected sales date, established based on the comparable analysis they made in the neighborhood. The heir should also be ready to help make the property stand out from the rest of the competition by doing a few things. You can decide to keep some of the furniture or be ready to update some of the furniture that is too outdated. Homes for sale greatly benefit from steamed carpets or fresh paints. Major or minor renovation can also be done to make it more appealing. Improving the entry way to make the best impression should also be done. If the property really needs to be sold quickly, you can also offer warranties and other perks.
If you are the assigned executor responsible for selling your deceased parent’s home, you will really feel like you are walking on a very tightrope as you need to respect the rights of other heirs. You should be sensitive and fair by seeking the tips and counsel of the other members of your family. Everyone of you, values the home where you have created many memories together. So getting all family members’ thoughts about the sale is of utmost importance to keep all emotions on check. As an executor, you should be able to consider different offers but represent only the best interest of all the heirs.
