Sometimes it becomes a necessity to sell the family home where a homeowner may have resided for several years. When viewing older Lake Charles Homes for Sale you may feel like you have stepped back in time!
Part of the life cycle homeowners experience is when it becomes time to sell their current home where they have resided for many years. Many times an elderly homeowner has made the decision to move into an Assisted Living or with a family member. It is a difficult and emotional decision to make and I have experienced this season of transition personally with my own parents. If an elderly homeowner is considering a move to an Assisted Living in the future its never too soon to begin thinking about selling their current home. Its always good to know your options!
I have listed several homes where various circumstances has occurred and its time for Mom or Dad to make a move. I've worked with many elderly home sellers and/or their heirs listing Homes for Sale within Southwest Louisiana. Did you know that if an elderly homeowner moves to an Assisted Living, and still owns a home they are not eligible for residence assistance from Medicare . In order to obtain Medicare assistance for their new residence , any previous home has to be sold 5 years previously. So its never too early to begin the planning stages of down sizing or making arrangements for your future!
It is also helpful if an elderly homeowner has a Power of Attorney with a family member just in case something comes up with the house which would prevent the homeowner from executing a contract or closing documents just in case something comes up with the house which would prevent the homeowner from executing a contract or closing documents. I have assisted several heirs who were faced with selling their parent's property or another family member's home. Before listing an heirship property it is important that the Succession be completed and filed. I have had a few homes under contract for Buyers before and the process stalls because we have to wait on the Seller's succession to be finished and filed. Title cannot be reviewed for a closing if their are still outstanding issues with a deceased and the succession. The heirs must have the power to sell the property and be granted ownership to do so. In Louisiana it is required that the Seller complete Property Disclosure Forms which are a list of questions pertaining to the home. When an estate property is being listed by heirs, most of the time the heirs will not be able to disclose if they never lived in the house, so they are exempt.
It is not uncommon for estate properties to be an older home that has not been updated, buyers may feel as though they are visiting their Grandparents house! One owner homes have usually been lovingly maintained for the years the homeowner lived there. An older home with original or "retro" features may take a bit longer to sell, however there are buyers who can see the potential of remodeling and updating to make the home their own.
When listing estate properties fiduciary duties of the Realtor to the heirs is very important. There must be a trust and relationship established between the seller and the Realtor. Many times the heirs live out of state and as the listing Realtor here in Lake Charles, I have stepped in to help the heirs with referrals with everything from estate sales to vendors for repairs and inspections.
One of the tips on the Checklist of Selling a home is to clean and de-clutter before the home is available to view and photographs can be taken for the listing. Listening to your Realtor's advice and guidance will be of value during what can be an emotional time for the seller. Sometimes accepting a lower offer on the home may be in the best interest of the heirs because of the inheritance tax. You always want to pay a lower amount when it comes to tax!
Downsizing or going through a life transition when its time to sell your Lake Charles home is an adjustment. I have guided many others through the steps of selling a family home and would welcome the opportunity to meet with you! Contact Marilyn Boudreaux, Century 21 Mike D Bono & Co.'s 337-499-9592
For more information on Lake Charles Real Estate, visit my website. You can search homes for sale in Lake Charles, Louisiana, and view up to date information on Lake Charles Subdivisions, Neighborhoods
If you are planning a move to or from the Lake Charles, LA area, I can help! I am a full time Realtor licensed by the Louisiana Real Estate Commission and am affiliated with:
4410 Nelson Road, Lake Charles, LA, 70605 USA
337-478-1578 or 337-499-9592
CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated. The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments are not warranted or implied representation of it's accuracy, All information is copywritten and the property of the Author, Marilyn Boudreaux.
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