Understand The Challenges Of Selling Your Parent's Older House

Understand The Challenges Of Selling Your Parent's Older House

11 November 2021
 Categories: Real Estate, Blog

As your parents get older, there's a good chance that their home will no longer suit them. Not only could there be accessibility concerns, but there's also the likelihood that the house is too large or in an area that no longer feels convenient. When you're assisting your parents in selling their home, you need to see what's involved in the process and what can be done to ensure they have a pleasant experience.

Whether you're on a timeline or not, the following tips can reduce some of the difficulties that come with selling your parent's home. 

Have an Inspection Done

The first thing to take care of is to have an inspection done of the home. Having a thorough inspection done can ensure that you spot potential issues that could be surprising. These issues can make selling the house challenging, making it best to see what you can do to ensure that you're aware of all the problems that could arise.

The inspection can lead to an appraisal to ensure that the home is priced reasonably and won't sit on the market for too long. You want to start off knowing what the home is worth.

Keep Remodeling Work Light

With the goal of selling the home, you may come across some remodeling projects that could increase the listing price. The problem with some of these projects is that they can be time-consuming or not reflect the investment in the final selling price.

Instead of taking on several major projects, consider light remodeling in the kitchen and bathroom. You can also work on the landscaping and include painting to improve the home's appeal to buyers. 

Stay Realistic About the Price

While your parents will want to see their home sell for as much as possible, it's wise to see how much it's truly worth. Instead of feeling frustrated with coming to terms over how much the home is worth, it's best to consider nearby homes and how much they've sold for. Staying realistic about the home's value can ensure that it sells without as much uncertainty over how long it will sit on the market. 

Helping your parents sell their home when they're interested in relocating can ensure that they don't make big mistakes that make it challenging to find the right home. Instead of feeling overwhelmed during the process, the above tips can ensure that you make selling the home easier for everyone. 

Reach out to a realtor near you for more information regarding residential real estate services.