THE MOST DIFFICULT TIME TO SELL A HOME
Selling a home can be an emotionally charged and stressful process, and this is amplified when working to sell the home of a loved one who has passed away. In such situations there are additional logistical, legal, and emotional issues that need to be managed to complete the sale of the home. What can be done to smooth out this process and assure that the home is sold for top dollar?
The Right Connections
The first step, of course, is choosing an experienced, well connected real estate agent. “I have helped guide many families through this period of transition and have contacts and resources available to support my clients and insure an efficient and successful transaction. Planning, organization and communication are key,” says Rick Taylor.
While planning for a loved one’s passing isn’t easy or pleasant in the short term, it definitely makes things easier in the long run. Wills, trusts, and powers of attorney are just some of the tools that can be used while a family member is still living to plan for selling real estate after their passing. Identifying a “point person,” who is kept informed about the status of the home financially and physically, and will have the responsibility and authority to finalize affairs, clean out, and sell the home after the loved one has passed will simplify the whole process. “Planning with a good estate attorney really helps streamline the process of selling the home after mom or dad has passed,” says Rick Taylor.
Organizing the personal property left in the home as well as important documents also goes a long way toward ensuring the most efficient home sale possible. Moving out extra furniture and personal items, and in many cases, organizing and holding an estate sale, as well as arranging for cleaning, repairs and updates can be a hassle, but a great real estate agent can provide contacts and guidance to facilitate these jobs.
Also, collecting necessary documents and having them available for your real estate agent will speed along process of listing the home for sale. Legal documents relating to the estate (wills, powers of attorney, trust documents, etc.), mortgage records, maintenance records, recent utility bills, the homeowner’s insurance policy, and a list of updates made to the home are important to gather and share with your real estate agent.
“[Mr. Taylor] came into our lives under difficult circumstances and [he] made those circumstances much easier for us to manage,” reports past client David H.
Finally, throughout the whole process of preparing and listing the home of a loved who has passed, sensitive, clear, honest, and timely communication between all parties, including family members, their real estate agent, attorneys, and service providers is absolutely irreplaceable. Families who have talked through the situation together and agree about how to proceed set themselves up for a less stressful experience during a very difficult time. Similarly, keeping the lines of communication open with your real estate agent and providing honest and timely information will help keep the transaction on track.
As Rick Taylor relates, “Selling a home is always a transition, and sometimes a very emotional one. Results matter, and so does the quality of the experience. My goal is to provide my clients with unparrelled service and an efficient, smooth transaction from beginning to end, regardless of the situation.”
Says recent client Suzy W., “Rick may have moved very fast, but he did not run over my feelings.”