Need Help Selling a Parent’s Home? Part 2
When you’re faced with the crucial and immediate need to sell a parent’s home it can be overwhelming if you don’t know what your options are. Hopefully, the information shared in part one and this section proves helpful.
Challenges of Selling a Parent’s Home
Selling a parent’s home can be complicated. If you do not have in place the proper legal documentation that gives you authority to sell their home, you’re in for a stressful process. If your parent has dementia and can’t legally sign power of attorney documents, you would have to seek guardianship through a court proceeding. In some cases, the title company may even question the validity of the power of attorney documents. They may request to speak with your parent to validate. When your parent approaches you to ask “Can you help me sell my house fast in Ocoee, FL?” You may want to seek the help of an attorney or elder care expert.
What Are Your Options?
- For Sale By Owner: If you have power of attorney, you can handle the sale of the home yourself. This option works great if you are up for the challenge of managing the sale yourself. Many people think this will save them money but not really. You still must pay commission to the buyer’s agent. You are also in charge of finding your own buyer. Marketing the home is another task you’ll have to tackle, if you don’t market effectively, it will take much longer to sell the house.
- Real Estate Agent: Although not a requirement, you can sell the home with the help of a real estate agent. Choosing the right realtor is key. An inexperienced agent will also lengthen the home selling process. You are also responsible for paying the agent’s fee and you may have to pay a portion of the closing fees.
- Sell for Cash: For sale by owner and listing with a real estate agent are not your only options. If time is of the essence and you need to sell the home fast, your best option is to contact a real estate investor. At Ledge Buys Homes, we specialize in providing fast cash for homes in Ocoee, FL. When you work with us, we can buy your parent’s property and give you cash in seven days or less. There are no extra fees or costs (commissions, closing costs, or repairs) associated with working with us. We’re more than happy to discuss your present circumstances to see if it is the right fit for you.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.