According to the United States Census Bureau, in 2013, there were almost 45 million people in the United States aged 65 or older. By 2060, that number will more than double, reaching an estimated 98 million. Many of these people will eventually need to sell their home, either when they move into a assisted living community or after they’ve passed on. The burden of selling a home often falls to their children or grandchildren, who may not have the necessary time to go through the estate.
We buy houses in the York, PA area and we know how hard it is to handle this situation. You want to do what’s best for your loved one and the family, but you need to do it quickly. Emotions can run high in these situations, too, which can add pressure to anyone handling the estate. Our experience has taught us some great methods for efficiently handling the estate of your parent or grandparent, so here are some suggestions you may find useful:
- Consider hiring a professional estate sale company. An estate sale professional will help you liquidate your loved one’s belongings. You’ll be allowed to take out of the home anything your loved one wishes to keep or pass on to friends and family, and the rest will be sold. Estate sale professionals can handle everything for you and can often identify items worth more money than you originally thought, including antiques and collectibles. They’ll run the sale (usually held over the weekend) and even clean up afterwards. You’ll get a check from the proceeds after they’ve taken their fees. This is a great way to get rid of a lot of stuff in a short amount of time.
- Sell the house for cash. Many senior citizens choose to stay in their homes as they grow older. This can offer many advantages, but unfortunately, one of the major disadvantages is that their home may not get the care and upkeep that it needs in your loved one’s later years. They may not have had the money, energy, or ability to do the small DIY projects that should have been done. Instead of investing a lot of your own time and money into fixing up their home to sell, considering selling the home to an investment buyer for cash. We buy houses in Lancaster, York and other PA areas for cash and know how helpful this can be to a family trying to resolve an estate.
Relying on the help of professionals through this process can make it easier on everyone involved. They can help you negotiate the legal aspects of estate liquidation as well as help you follow the wishes of your loved one, whether they are alive or have left their final wishes in a will. You’ll be able to avoid a lot of the heartache of going through their things or selling their home yourself and may even end up with more money in pocket at the end of the process.
If you are trying to sell the home of a parent or grandparent, we’d love to help. We buy houses in PA and can give you a no-obligation offer on your property. Give us a call or contact us through our website today.