Friday, February 13, 2015

Sellers Were Asking: The Estate Sale

Preparing a home for the market can be a daunting task at the happiest of times.  The passing of a loved one puts this task in a category on its own.  Here are some tips that will hopefully assist your family if ever faced with this most difficult responsibility.

Possessions - gather family to decide which items have not been spoken for.  Have furniture appraised if uncertain of the value.  Make a list including value for the Realtor if you plan to sell items in the final Agreement.

Personal Items - leave in home for now.  Removing items immediately may give potential prospects the idea you wish to sell quickly.

Communicate - Points of contact for every member of the family including the Estate Lawyer will need to be given to the Realtor.  The executor will need to council the Realtor as to whom should receive information.

Request Time - When an offer arrives, you will need an adequate amount of time to gather all parties together to review and react.  Ask for 24-72 hours depending on schedules.  This is called the Irrevocable Date.  Have your Realtor set the time frame out in the remarks of the Listing Contract.

Maintain Composure - no-one can replace the memories of your loved one, nor, can they take them away.  And, nor can you sell them with the home.  Try to keep your emotions from getting in the way of practicality.

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