Comments on: Selling an Aging Parent’s Home

By: Staged Makeovers

Staged Makeovers — Wed, 26 Mar 2008 17:15:43 +0000

It is always difficult telling someone that they much change the lifestyle that they are so used to in order to sell their home. We have to explain to them that it is no longer their home, but is now just a house for someone else to buy, like a product on a store shelf. There are professional elderly moving services that ease the transition by setting up the new home much like the old one for familiarity and comfort.

By: North Georgia Real Estate

North Georgia Real Estate — Sun, 23 Mar 2008 14:25:11 +0000

These often make a great starter home for someone and offered as a distressed property and a better sale price. Make sure to have the house inspected and know the work you will be taking on is in your immediate plans and budget.

By: Blue Ridge Georgia Real Estate Agents

Blue Ridge Georgia Real Estate Agents — Sat, 22 Mar 2008 14:57:56 +0000

I think preping the house to sell is always best and you may after an inspection have to lower the cost of the house to offset any issues that need to be repaired. Best to move everything out and take down the curtains and get fresh paint and clean the carpets or remove them.

By: Ormond Beach Florida Real Estate

Ormond Beach Florida Real Estate — Fri, 21 Mar 2008 14:39:28 +0000

I see parents homes not needing so much structual repairs like roof, furnace as they need cosmetic repairs paint, carpet and yard work. One thing are elders did was take care of there investment and maintained there homes well. Both my grandparents when they sold there homes were in excellant condiiton struturally and needed just sprucing up and sold well. Bringing that same home into today market is something different adding granite and new fixtures. I kind of like to keep the character of an older house.

By: Vacation Rentals In Daytona Beach Florida

Vacation Rentals In Daytona Beach Florida — Thu, 20 Mar 2008 14:16:50 +0000

I think renting it sounds good as well till a better market. Hopefully you can find a great tenent and rent or consider the rent to own option. This will get the right kind of tennent in there one who cares about the property and you raise rent 200-300 a month towards deposit in two years and add a clause if they change there mind the extra money is forfeited and this can be the extra income to rehab and sell or continue to lease to own again. It is not uncommon for about 50% of all lease to own never to follow thru to a closing.

By: Kelley Koehler

Kelley Koehler — Wed, 19 Mar 2008 16:00:36 +0000

Being a rental won’t necessarily provide income! And then someone must manage the tenant and the property as well. Our rental market is starting to flood as well with people that couldn’t sell, which puts downward pressure on rent amounts.

But I see your point, especially if the house doesn’t have or has a very low mortgage balance.

By: Accommodation In Hawaii

Accommodation In Hawaii — Wed, 19 Mar 2008 13:49:51 +0000

If it were me I fix the roof, paint and clean the carpet and rent the house as a single family rental. This will allow income and profit to do the necessary repairs and sell it in a better market in 5-7 years. Many people lost houses due to foreclosure and are looking for house rentals. They are still a viable option for rental they just choose a loan option that did not allow them to afford. Just my opinion!