I actually live in the house a grew up in. After my mom passed I moved into the house although difficult for me I did it. Now 22 years have passed and I have recently purchased a new home. I close on my new house in a few weeks. Selling my family house will be difficult however I want to move on. I’ve taken care of the family home for a long time. I will always have fond memories.
This is very good advice. My dad died suddenly and processing that and selling the house we grew up in was difficult. We had to hire a service to do the clean out. My mom was going into care and fighting every step of the way with us. Ugh ! The service we hired sent a family counselor to sit down with my sisters and mom. It was immensely helpful. The real estate agent was a wonderful guy, very good with my mom and his presence made everything much easier. These steps take the sting out of the process. Thank you
How did you find the service you hired. My mother's doctor's have told her she needs to go into assisted living. She's fighting it tooth and nail. One more fall and she'll end up in a nursing home and won't come back out. She doesn't understand the position she's putting my sister in. She has had a RE agent in to tell her what she needed to do to sell. She told her nothing. My mom is West Virginia, My sister who is her primary on her POA is in Ohio and I'm in NJ and the secondary on there paperwork.
@@ajsstuff4080honestly the agent should have resources. Most agents have a couple of people they can refer. See if you have a caring transitions in your town. Or if you need an agent let me know. Profitable.homes
@ Oh, this is very difficult since you are all in different places. I would start by calling 2 or 3 assisted living facilities in your mom’s town. Ask them if they can refer you to family counselors who deal in transition. You and sis most likely would go together to see the counselor with your mom. Does your mom go to church ? The pastor or priest may also offer referral. We started by going together as sisters to talk to my mom. She was very unhappy but a united physical presence helps. It’s difficult for all juggling jobs, and now mom
After my parents passed, I was the only sibling in this town. My brother was the executor of the estate. I spent a year in this empty house and dealt with everything. Five of us had zoom meetings and came to agreements about everything. This arrangement only worked because I was available and willing to meet all contractors, etc. At the end of the year, the house went on the market and sold in one week. Everyone was happy and we all got our payout. My parents would be so proud!
Same w me, my 4 siblings and I have either conference calls or ZOOM meetings to make sure we’re on the same page. But I as the trustee and the one who lives here in town where the rentals are meet w the handymen , HVAC guys, plumbers etc. But I’ll be glad when they’re sold ! 8:25
Thank you for mentioning the number of sales an agent does can be less in an area of higher prices. I have consistently been one of the top 5-10 Agents for number of sales each year (out of over 625 Agents) which is usually about 20-30 transactions per year. The median home price is $1.4M and until this year there have typically been only 100 or so homes for sale at any given time.
Thank you for this video. This has been my focus for the past couple of months. I think the most valuable thing we did was to find and list with the right agent for the sale. Closing is scheduled for next week. Our Realtor was/is amazing!
When my parents were thinking of selling their home and moving to a senior's residence, I could see that this was stressing both of them out. Mom didn't want people traipsing through her home, and dad enjoyed tinkering in the garage and caring for his garden. Although I had recently bought and renovated my own home and was 100% happy with it, I just went ahead and bought their home and sold mine. This met both mom and dad's needs. After both of them had passed away, I already had a plan in place to sell the property and move to another city to be with my children. I sold the property within a month of dad's passing after doing a lot of the good things you mention in your videos. It was a good business decision since I got a great price for the property. However, the buyers weren't going to live in it; they were going to use it as storage and office space. This is what made me feel guilty. I felt that I had taken good care of mom and dad's home and made it an equally beautiful home - but it would no longer be a home cherished by a family. In any case, I doubt that mom and dad would quarrel with my decision.
My mother sold my grandparents house. Her sister, who did not live close by thought the house was sold for too little. The selling price was in line with the town where it was sold. Fortunately, this did not cause problems.
OMG! I had an agent take more of a cut during escrow and would not give it back to me as a double ended agent. I have and will not recommend her to anyone. Also I used a trusted agent to sell mom's house. There is always one sibling who thinks they should use "their friend". NOPE!
In Northern CA, I see mostly "greedy" heirs, pricing unupdated major fixers at top market price. Unfortunately, after months on the market, some buyer overpays for it.
It’s probably just me, but I thought I would mention I did not enjoy the music in the background. And in all fairness, I usually play all videos on a faster speed because I talk fast and I listen fast. Because of that I found the music very anxiety provoking, but I found it very distracting and I could not listen even at the slower speeds. And I’m sad because I always wanna listen to everything you have to say!
I hope I never have to do this. My 39 year old brother lives with my parents and I am the only other sibling out of 9 that lives in the same city as my parents. I have a feeling my other siblings will expect me to sell the house but I would rather just let my brother live there. Their house was built in 2021.
I actually live in the house a grew up in. After my mom passed I moved into the house although difficult for me I did it. Now 22 years have passed and I have recently purchased a new home. I close on my new house in a few weeks. Selling my family house will be difficult however I want to move on. I’ve taken care of the family home for a long time. I will always have fond memories.
Take lots of pictures so that you can "walk through it again" if nostalgia beckons.
This is very good advice. My dad died suddenly and processing that and selling the house we grew up in was difficult. We had to hire a service to do the clean out. My mom was going into care and fighting every step of the way with us. Ugh ! The service we hired sent a family counselor to sit down with my sisters and mom. It was immensely helpful. The real estate agent was a wonderful guy, very good with my mom and his presence made everything much easier. These steps take the sting out of the process. Thank you
I am so sorry for your loss. I’m glad it worked out well in the end!
@ thank you..life lessons
How did you find the service you hired. My mother's doctor's have told her she needs to go into assisted living. She's fighting it tooth and nail. One more fall and she'll end up in a nursing home and won't come back out. She doesn't understand the position she's putting my sister in. She has had a RE agent in to tell her what she needed to do to sell. She told her nothing. My mom is West Virginia, My sister who is her primary on her POA is in Ohio and I'm in NJ and the secondary on there paperwork.
@@ajsstuff4080honestly the agent should have resources. Most agents have a couple of people they can refer. See if you have a caring transitions in your town. Or if you need an agent let me know. Profitable.homes
@ Oh, this is very difficult since you are all in different places. I would start by calling 2 or 3 assisted living facilities in your mom’s town. Ask them if they can refer you to family counselors who deal in transition. You and sis most likely would go together to see the counselor with your mom. Does your mom go to church ? The pastor or priest may also offer referral. We started by going together as sisters to talk to my mom. She was very unhappy but a united physical presence helps. It’s difficult for all juggling jobs, and now mom
After my parents passed, I was the only sibling in this town. My brother was the executor of the estate. I spent a year in this empty house and dealt with everything. Five of us had zoom meetings and came to agreements about everything. This arrangement only worked because I was available and willing to meet all contractors, etc. At the end of the year, the house went on the market and sold in one week. Everyone was happy and we all got our payout. My parents would be so proud!
Nice job. Really. Glad to hear this.
Same w me, my 4 siblings and I have either conference calls or ZOOM meetings to make sure we’re on the same page.
But I as the trustee and the one who lives here in town where the rentals are meet w the handymen , HVAC guys, plumbers etc.
But I’ll be glad when they’re sold ! 8:25
Thank you for mentioning the number of sales an agent does can be less in an area of higher prices. I have consistently been one of the top 5-10 Agents for number of sales each year (out of over 625 Agents) which is usually about 20-30 transactions per year. The median home price is $1.4M and until this year there have typically been only 100 or so homes for sale at any given time.
Thank you for this video. This has been my focus for the past couple of months. I think the most valuable thing we did was to find and list with the right agent for the sale. Closing is scheduled for next week. Our Realtor was/is amazing!
I am so glad to hear that! That is the absolute best feeling!
When my parents were thinking of selling their home and moving to a senior's residence, I could see that this was stressing both of them out. Mom didn't want people traipsing through her home, and dad enjoyed tinkering in the garage and caring for his garden. Although I had recently bought and renovated my own home and was 100% happy with it, I just went ahead and bought their home and sold mine. This met both mom and dad's needs. After both of them had passed away, I already had a plan in place to sell the property and move to another city to be with my children. I sold the property within a month of dad's passing after doing a lot of the good things you mention in your videos. It was a good business decision since I got a great price for the property. However, the buyers weren't going to live in it; they were going to use it as storage and office space. This is what made me feel guilty. I felt that I had taken good care of mom and dad's home and made it an equally beautiful home - but it would no longer be a home cherished by a family. In any case, I doubt that mom and dad would quarrel with my decision.
My mother sold my grandparents house. Her sister, who did not live close by thought the house was sold for too little. The selling price was in line with the town where it was sold. Fortunately, this did not cause problems.
Good news!
OMG! I had an agent take more of a cut during escrow and would not give it back to me as a double ended agent. I have and will not recommend her to anyone. Also I used a trusted agent to sell mom's house. There is always one sibling who thinks they should use "their friend". NOPE!
Do you deal with rentals too? I was wondering if you could make a video about how to prepare your home for rental?
This is really helpful. I am sharing it with our kids.
In Northern CA, I see mostly "greedy" heirs, pricing unupdated major fixers at top market price. Unfortunately, after months on the market, some buyer overpays for it.
Sometimes that happens for sure!
It’s probably just me, but I thought I would mention I did not enjoy the music in the background. And in all fairness, I usually play all videos on a faster speed because I talk fast and I listen fast. Because of that I found the music very anxiety provoking, but I found it very distracting and
I could not listen even at the slower speeds. And I’m sad because I always wanna listen to everything you have to say!
Thanks for the feedback! This was one with music that we tried. We’re probably not going to do it again!
Agree, the music is distracting.
I hope I never have to do this. My 39 year old brother lives with my parents and I am the only other sibling out of 9 that lives in the same city as my parents. I have a feeling my other siblings will expect me to sell the house but I would rather just let my brother live there. Their house was built in 2021.
Encourage your parents to set up a trust to define these details so there are no unnecessary disputes later.
They were going to set up a trust but then just said we should sell the house and split with everyone equally.
Tough situation for sure