Assisting an elderly relative in selling their home is not always straightforward. When elderly people leave homes filled with fond memories, they frequently experience emotional distress. According to research, 21% of senior men and 34% of senior women in the United States live alone. While this has a number of positive implications, the downside is that these older adults will eventually require assistance in selling their home.
Helping An Aging Family Member or Friend in Pittsburgh With Selling Their Home?
Regrettably, it is occasionally prohibitively expensive for your relative to remain in their cozy old home. Additionally, it can be hazardous for them, particularly if there are steps or other situations that could result in injury to the elderly. Helping an elderly relative in relocating to a more secure living situation is one of the most selfless acts of love you can perform. If you’re assisting an elderly relative in selling their home, here are five suggestions to ensure a smooth transaction.
Be Firm, Caring, and Accurate Throughout The Selling Process
Your elderly relative is unlikely to want a move. If they have lived in the same house for decades, relocating may be difficult. They may be aware that they need to move due to physical limitations, or you may be pressuring them to do so in order to avoid future complications.
As a result, the most effective strategy for assisting them in selling their home is to remain objective while still being sympathetic. Assist in addressing the concept of moving, the logistics of moving, and even the post-move period. Remind them that this is the best course of action for them at this point in their lives. Be sure to consider and understand all the ramifications of moving elderly people, especially if you are moving them in with you. You may have great and caring intentions, but the wrong move can be worse than no move.
Arrange For A Home Inspection
If you intend to sell the home conventionally, you must disclose the condition of the property to prospective buyers. This means that you should obtain a preliminary home inspection unless you are certain that you are aware of any issues that may exist due to years of wear and tear. You can sell traditionally as-is, but this can become an issue if a buyer hires his or her own inspector and discovers issues that were not disclosed. In many states, a buyer has the right to terminate a contract due to this type of circumstance. Here is a helpful article about presale home inspections in Pittsburgh.
Assist With The House’s Renovation And Repairs
After many years in a house, the fashions and styles on the inside are likely to be out of date. It is not uncommon to find wood paneling and other antique styles inside a property that has been occupied for years. It’s always a good idea to redecorate a relative’s home prior to putting it on the market and assisting them with the sale if you want to get the best price. Here are some suggestions for updating an older home on a budget.
If the majority of properties on the market in your area are in great shape or have been remodeled recently, a home that requires extensive repairs will take longer to sell. Acquaint yourself with current fashion trends and attempt to convince your elderly relative that repairing the house prior to selling it is the best course of action for a traditional real estate sale.
It’s critical to keep in mind that this does not always imply a complete home remodel. For example, fresh coats of paint are inexpensive and can significantly increase the value of a home. Additionally, replacing appliances and the electrical panel can give the house an added functional boost when it comes time to sell.
If the worst-case scenario occurs and you and your family members lack the funds to renovate the property, you can sell it as-is. Since older adults frequently have a significant amount of equity in their homes, this is frequently an attractive alternative. To learn how much a local real estate investment company would pay for your relative’s property without requiring you to make any repairs, contact 717 Home Buyers in Pittsburgh for a quick, fair, no-hassle offer on the property. Here are some mistakes you’ll want to avoid in this process.
You Will Need To Prepare Your Elderly Relative For Potential Buyers’ Home Showings
In a traditional real estate sale, your realtor will begin scheduling showings of the home once it is listed on the market and photos are published. It is strongly advised that no one is present when the prospective buyers and realtor come through. This may be an issue for some elderly individuals, particularly if there are numerous showings. You may be able to avoid having too many showings by having a single open house time frame.
You Can Avoid All Of The Difficulties Associated With The Previous Steps By Selling To A Professional Home Buyer, Such As 717 Home Buyers.
717 Home Buyers is well-known for its professionalism and fairness. No repairs, inspections, renovations, showings, or realtor fees are required. There is no need to be concerned about your relative’s home remaining on the market for weeks and not selling. We can make you a cash offer within 24 hours. You can then decide whether or not to accept it. If the offer is accepted, we can typically close the transaction and provide you with the cash within a week. Of course, we can extend your time if necessary. You can learn more about our business practices by clicking here.
If this sounds like a better option for you and your elderly relative or friend than the hassles associated with traditional property sales, please contact us today to discuss your options. We would be delighted to provide additional information and answer any questions you may have. Contact us by phone at 717-639-2164 or by completing the form on our website.