Unless you’re a professional house flipper or an experienced FSBOer, it’s not wise to try and sell your parent’s house by yourself. In today’s competitive housing market, where potential buyers have many options, it’s crucial to make sure your parent’s house stands out among the masses and you want to get the best price to help secure your parent’s long term financial and healthcare needs. Here are 5 reasons you should work with a Realtor to sell your parent’s house.
1. Price it Right. Knowledgeable, experienced Realtors know what the market is willing to pay for a home in your area. Your Next Move specializes in senior relocation and transition services and work with professional, results-oriented Realtors who will help determine a competitive cost analysis for your parent’s home. They also don’t just set you up with one Realtor, but two, who will provide you a price opinion on your house, then Your Next Move will review both options and help you select the agent who best suits your need. Realtors have up-to-the-minute access to market activity regarding prices, financing, terms and conditions of competing properties to help you avoid the dangers of overpricing, or underpricing, your parent’s home.
2. Marketing is Necessary. It’s not enough just to put a sign in your front yard; you have to treat your parent’s home like any other commodity on the market. Your Realtor does double-duty as a marketing representative, listing your house on the Multiple Listing Service (MLS) so hundreds of other Realtors have access to your home for their clients. They also host open houses and give you objective advice on home repairs and necessary upgrades, all to help improve the salability of the house. They also take advantage of trending social media outlets to promote your home like Twitter, facebook, and Pinterest.
3. Limit Your Liability. By going it alone, you may be opening yourself up to legal action if you unwittingly don’t disclose pertinent information about your property to potential buyers. Whether it’s crumbling foundations, environmental issues or other damage, a professional Realtor receives on-going training and certification, and are versed in the legality of disclosures that must be made to potential buyers.
4. Artful Negotiation. While it may be tempting to jump at the first offer and agree to a buyer’s contingencies, a Realtor is skilled in negotiating and can objectively help you navigate the Offer to Purchase contract without leaving any money on the table, unnecessarily.
5. Stay Safe. Hanging a For Sale by Owner sign in your front yard can also create safety concerns. Anyone can drive by, see your sign, and pretend to be a serious buyer, only to gain access to your home with ill-intentions. A Realtor meets with buyers upfront, often multiple times, and accesses whether they’re legitimate buyers with the financial resources to purchase a home before they ever bring them to view your property.
Your Next Move can help you locate the perfect senior housing for your aging loved one. Our team of relocation specialists are also with you through every step of the transition process including home sale, downsizing, estate sales and moving household goods.
This blog post is brought to you by the team at Your Next Move. If you are interested in further information you may contact us below. LIKE us on Facebook and follow us on Twitter to get the most current communication on the subject of senior relocation. Please join our mailing list.
Your Next Move, Easing Your Senior Transition
Julie Kopetsky, President