If you have lived in your house for a long period of time, you may not be considering selling. However, you or a family member, friend, or relative who lives with you may be struck by a severe sickness or accident. If that is the case, you may need to sell your home for a variety of reasons, including the fact that it is too large or that you require care that cannot be provided in your current location.
A Medical Condition Can Make Selling Your Home More Difficult
When you’re in charge of the sale and working directly with real estate agents or auctioneers, but you’re also exhausted or emotionally or physically fighting with health difficulties, either for yourself or a loved one, the entire process of selling might seem excessively heavy. When it comes to selling a home, there are so many different duties to complete that it can be time-consuming and scary even in the best of circumstances. When you or someone you care about becomes ill, these responsibilities become far more difficult, heightening your anxiety about finding a buyer.
When confronted with these obstacles, it’s easy to put off selling your property. However, know that doing so may make a bad situation worse. Here are some questions to consider while deciding what to do. If you decide to sell, we may be able to help you.
Before Selling Your Pittsburgh Property During A Serious Illness, Here Are Some Questions You Should Ask
Although there are likely several questions running through your head regarding what you’re going through, we’ve attempted to identify some of the most critical ones you and those who care about you should be asking. Additionally, we have sought to provide some succinct responses and guidance.
Is My Illness Going To Require Me To Reside In A Care Facility Or With A Relative?
If medical doctors have told you that you will require some form of long-term care, selling your home may be a wise choice unless they have also given you a reason to believe that your condition will improve. If your situation will most likely improve, selling your house may not be your best option.
Will I Require Cash To Cover Medical Expenses Associated With Consistent Care?
If you require cash to pay for long-term care, selling your home is an efficient approach to obtain a significant sum of money. Of course, you’ll need to decide what you’ll do for a residence after your health improves. If this is a more permanent issue or a terminal sickness, having the funds will benefit you and your family. Certain circumstances, such as a Alzheimer’s disease may necessitate long-term care that has no set end date.
Have I Exhausted All Home-Health Care and Financial Aid Options?
If you have access to home health care and financial assistance, you may be able to remain in your home. A social worker in health care should be able to steer you toward these possibilities. You can visit the Pennsylvania website listing financial help and resources for the elderly here.
If you live a long distance from your prospective caregivers or they are concerned about your well-being in your current house, selling and relocating closer to them may be a good choice. The majority of senior advocacy organizations recommend that you stay near to relatives during your senior years.
Will I Have A Financial Loss If I Sell This House Now?
In other words, are you in a position where your mortgage debt exceeds the value of your home? If that is the case, you may choose to check this with a property buyer or realtor and then ask for their advice. In this circumstance, you might consider speaking with your mortgage company and negotiating a loan modification. Additionally, you might find renters or engage into a lease-to-own deal with prospective buyers.
Is This Home Paid For Or Nearly Paid For But In Need Of Repairs And Remodeling Prior To Sale?
There are several methods, which we shall describe in further detail below, for selling a home for cash as-is with no repairs or renovations needed. Perhaps this is an opportunity you should seize with the assistance of family and close friends
These are extremely difficult choices. If you do decide to sell, you can do it through a real estate agent or through a professional home buyer. If your property is in good condition and requires little repair, remodeling, or downsizing, a typical sale through a real estate agent is likely to net you the greatest price.
While you may have to wait for a buyer, suffer through home showings while you recover from illness, and wait for closing, you will earn more money on your home. This is unquestionably the best course of action if you still owe a substantial amount on your mortgage.
On the other hand, if your home is in disrepair, is older, and requires cleaning and sprucing up, you might seek experienced cash property buyers such as 717 Home Buyers. 717 Home Buyers is a compassionate, professional, and ethical home buyer who works with investors to pay cash for your home. No repairs, cleaning, inspections, or remodeling are required. The transaction can be completed in as short as a week if necessary. Here is more information about selling your house without a real estate agent.
We understand you have a lot on your mind, and we would be delighted to assist you in sorting through your alternatives. We can make you a cash offer after inspecting your property. After that, you’ll see actual numbers that will assist you in making a better-informed selection. You can read more about how the process works here. To contact us, please use the form on our website or call us at 717-639-2164. We wish you nothing but the best.
About Josh Eberly
A native of Lancaster County, Josh’s roots run deep in his commitment to this community. He especially enjoys helping people find solutions through real estate. Josh is a seasoned investor with experience in many sides of buying and investing in real estate. Josh enjoys reading, listening to podcasts, digital marketing, and hanging out with his family. Feel free to connect with him here.