Talking Realty
Selling A Home For Your Parents | Ep 36
In this episode of ‘Talking Realty’, host Glen Whitten provides a solid roadmap for adult children tasked with selling their parents’ homes. Whether you’re helping Mom or Dad or you’re in charge of the estate, you’ll get practical, actionable advice on managing the emotional and logistical challenges involved.
Glen discusses the importance of legal and financial preparation, the pros and cons of hiring a realtor versus going for sale by owner, and offers tips on preparing the home for sale, including the benefits of a pre-inspection.
Glen also delves into effective pricing strategies, marketing the property, and handling offers and negotiations. Additionally, he emphasizes the significance of maintaining family relationships and provides tools for managing the complicated dynamics that often arise in these situations.
Key Moments:
- 00:00 Introduction and Disclaimer
- 00:14 Understanding the Emotional Journey
- 01:25 Welcome to Talking Realty
- 02:15 Personal Story: Selling My Mom’s Home
- 04:55 Navigating Family Dynamics
- 12:01 Legal and Financial Considerations
- 20:05 Preparing the Home for Sale
- 29:37 The Importance of Choosing the Right Title Company
- 30:02 Marketing Your Property: DIY vs. Hiring a Realtor
- 30:40 Navigating Legalities and Paperwork
- 32:11 Challenges of For Sale By Owner
- 33:37 Understanding Realtor Types and Fees
- 34:54 Flat Fee Agents: A Cost-Effective Alternative
- 38:25 Preparing Your Home for Sale: Photos and Descriptions
- 41:05 Pricing Strategies to Attract Buyers
- 44:00 Handling Offers and Negotiations
- 49:59 Final Tips and Emotional Considerations
- 51:52 Conclusion and Additional Resources
Resources, References, and Links:
- Book: “The Let Them Theory” by Mel Robbins
- Wiki: Reverse Mortgage
- Episode 35: Selling As Is
- Free: Bonus Checklists
- Episode 15: Using Offer Deadlines
- Book: “You Can Sell It” by Glen Whitten
- Episode 6: Truth #1: The Market Never Lies…Not Ever
- Blog: If It’s Not Selling…It’s Overpriced. (Period)
- Living to Listing Course: Living to Listing
Contact Information:
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