If you have an aging parent, you may be considering selling their home as they transition into a senior living community. It can be overwhelming dealing with this task. The combination of emotions, finances, and logistics can overshadow the process of selling the home and finding senior living options that work for your parents. The best plan is to work with a trusted realtor and call on experts who understand the process of transitioning parents out of their home and into a senior living community with a continuum of care. Call on the team at Westminster Place at 903.329.6520 to help guide you in this task when you are ready.
Selling Your Aging Parents’ Home
While people will choose to work with a licensed realtor, it’s really up to your personal preference and what parts of the selling process you want to take on yourself. Some may choose to list the home for sale on their own if it’s something they feel they can manage. Ultimately, you will need to make that decision based on your unique situation. There are many benefits to working with a realtor, like more exposure, competitive pricing, and potentially more profit. But if you are looking to sell the house as is, as quickly as possible, doing the minimum amount of work, then you may want to consider selling it at a lesser price to someone who invests in real estate to flip and resell.
Tips For Selling Your Aging Parents’ Home
Get Power of Attorney
You want to ensure that you are covered legally, so there are no surprises during the process. The less stress you can incur in this process, the better. If you are unsure where to start, consult with a real estate attorney.
Clean the House
It might seem obvious, but it is crucial. Potential buyers need to be able to see themselves there. They don’t want to have to visually filter through your parent’s decades of accumulated “stuff.” Consider having professionals come in and run an estate sale, too, and lessen the load before you clean the house.
Schedule Repairs
If there were upgrades your parents had planned on doing to the home, now is the time. Take care of what you can yourself and hire contractors for any serious projects like whole house painting, kitchen or bath renovations, or major landscaping work.
Keep Emotions in Check
If this is your childhood home, disconnecting during this process will be even more challenging. Try and remove your personal connection as much as possible. Ask friends or extended family members to help you, and lean on those you’ve asked or hired to help get you through the experience.
Have a Senior Living Plan in Place
Last but not least, make the transition seamless by ensuring your parents are settled in their new senior living community before you start cleaning out the house and putting it up for sale. It will be hard for them, too, so seeing them settled in a place where they are happy will make the transition easier for everyone.
Senior Living Options at Westminster Place
At Westminster Place, we offer different senior living options depending on the needs of each of our residents. It’s as little or as much support as you or a loved one needs. Every living option incorporates a maintenance-free lifestyle. The added responsibilities of homeownership are eliminated in a senior living community. We take care of everything from transportation to preparing daily meals. Plus, the accommodations are beautiful and home-like, whether in independent living, assisted living, or a memory care community. To learn more about luxury senior living at Westminster Place in Longview, Texas, reach out today.
We offer:
- Independent living
- Assisted living
- Memory Care
- Long-term care and rehab
- Respite care
Contact Westminster Place at 903.329.6520.