Selling the home of an elderly family member requires patience, care compassion and an understanding of the family and the laws.
There are many homeowners throughout Kerrisdale and Metro Vancouver who find themselves in the later part of their life. Many are not able to live in their own home any longer. The typical approach to listing and selling their homes may not be appropriate. Special real estate skills may be necessary to guide all parties through the process. You may be dealing with diminished capacities, family considerations, financial considerations and other compounding factors.
In Vancouver and increasingly throughout British Columbia, your elderly family member will also have to deal with the difficult issue of affordability. This increases the need to deal very carefully and patiently with everyone who is involved. Doing so will ensure that the seller retains as much of the sales income as possible.
I wanted to write this blog post myself but I can’t do better than the one I’ve linked to. It covers all the issues and concerns.
- Choosing the right Realtor
- Involving all the parties who have a vested interest in the transaction
- How to prepare the home AND the seller
- Dealing with offers in a way that respects the seller and their concerns
Read the entire article here: https://www.realtor.ca/blog/how-to-put-a-home-up-for-sale-for-an-aging-or-ailing-relative/23788/1362
I’ve also written some articles about selling the homes of elderly family members.