Is the Care Situation Permanent
Obviously, if the Senior only needs to move from their forever home into a care facility for some sort of rehabilitation it may make sense to keep the home. After they have completed rehab and are back on their feet so to speak, they will be moving back home.
IF this move is only temporary, and if there is no one else living there, let it sit vacant for a short time while the senior recovers. Do keep in mind that there will still be expenses associated with the home during that time:
- Maintenance and upkeep, like mowing the lawn or shoveling snow.
- Mortgage payments if there is a mortgage.
- Real Estate Taxes & Home Owner Association Dues
- Insurance
While the home is sitting vacant it is important to check on the home regularly to make sure everything is secure. Doors locked, no broken windows, no unwanted visitors. If you are in a cold climate, heat should be left on or the home winterized to protect it from freezing pipes.
One Word Of Caution on Insurance: If leaving the property sit vacant is the option you chose, please consult with your insurance agent as most standard homeowner policies will not pay a claim out if a home is vacant for more than 30 days. There are special policies you can acquire for homes that are sitting vacant, but they do cost more.
Someone Else Living in the Home
If there is someone else living in the home, selling may not be an option.
If the other person is a spouse, they may want to retain ownership and live in the home. They may want to live their long term, or if they too may be facing health issues, they may decide it is time to sell and move to something smaller.
It may be that the spouse will want to stay in the home, but the equity is needed to pay for care, there are options such as a reverse mortgage. And it may be that Medicare is involved. We highly recommend in all situations, especially if there is a spouse or Medicare, that you consult with an Elder Law Attorney to understand your options and at the same time make plans for the future.
If the Equity Needed to Pay for Care
There are a lot of options for paying for long-term care that we discuss on our resource page.
And there are special considerations for assistance programs like Medicaid and Veterans Administration pension programs that have financial eligibility requirements that place limits on the net assets and incomes of the beneficiaries, so it is vital to consult with an Elder Law attorney for your specific situation.
One of the best ways to tap into the equity of a home, if no one is living in it any longer is to sell it.
It Is Time to Sell
Once you have determined it is in fact time to sell, you now have your next decision to make: How will you go about selling your home?
- For Sale by Owner
- List with a Realtor
- Sell to a Certified As-Is, Cash Buyer
I highly recommend.
We got a letter from Kim about Dad’s house a few months ago after one of our garage sales. Her son Scott called us back, asked a few questions, looked our house and made an offer. My brothers had been trying to fix it up to sell for almost a year . . . that was not going well. We took Scotts offer, he made the process very easy and convenient, we could even sign things via email. We didn’t have to finish cleaning out the house, we didn’t have to make any repairs and no more going to mow the yard.
I highly recommend giving Kim or Scott a call, you will be glad you did.
On top of the process every step of the way!
Great experience. I was selling my fathers house. Very glad he sent a letter. The house was dirty, it was stinky, it was packed with junk. I just didn’t want to deal with it.
I called Scott as well as several of the ads I found on google for people who buy houses. Scott was great, he showed up when he said he would, he listened to what I had to say. He made me an offer and left it with me so I could “sleep on it”, which gave me time to review if with my brother.
Scott was on top of the process every step of the way, making sure I was informed and knew what was going on and when we had some paperwork issues at the title company, helped me work through that as well.
If you want a hassle free sale, give Scott and kcmoHomeBuyer a call.
Fantastic Experience . . .
..Scott was great working me through the entire process. His patience, availability and willingness to answer my questions were greatly appreciated.
“Closed on my Schedule”
I loved working with Scott and the team at kcmoHomeBuyer. I was downsizing my house and moving to something smaller. Timing was everything and since I am not handy doing all the little things the realtor wanted me to do was not going to happen. They made an acceptable offer for my house, even took the stuff that I could not move to my new place and closed on my schedule so the timing worked out.
~ Savanah A from Gravois Mills, MO
Like Doing Business with a Trusted Friend!
From the very beginning, I could tell he (Donald Tucker) was honest. He empathized with what we were going through and how hard it was to let our family home go. He stayed on top of things as they occurred and it felt like doing business with a trusted friend. He was very reassuring and explained every step of the process. Thank you so much.
“Fair Price”
“We received a fair price for our mother’s house. We were very relieved because we had so much emotional attachment to the house that it would have been hard for us to sell in a typical manner. ” If you are on the fence about selling a house to kcmoHomeBuyer . . .”Do it, you won’t be sorry!”
My experience with this company was just totally amazing. I am very thankful for contacting this company.
If you want to sell your home, please contact Scott Tucker at kcmoHomeBuyer.com. My experience with this company was just totally amazing. Hassle-free no agent fees, costly inspection repairs, no open house days, no never-ending potential buyers who want to deduct this and that from the asking price. Scott Tucker gave me a very fair price for my home. Also, after I agreed to a closing date, I needed an extension date and they agreed to my time frame. Scott Tucker was awesome to work with from start to closing, with no hidden fees. I am very thankful for contacting this company. Thanks again from Nadine T.
Glad we Called
We had inherited Mom and Dad’s house a few years ago and had decided to rent it out. But being a landlord was not the best choice for us as it was a never-ending battle to keep it rented, keep the rent coming in and to fix it up every time that didn’t work. We were fed up and ready to be done with the whole situation. We called Scott at kcmoHomeBuyer and he was able to talk us through the situation on the phone, meet us at the house and make us an offer. We didn’t have to fix a thing, he took all the junk the last tenant left, and we closed a couple of weeks later.
Glad we called.
If you need to sell, no matter the situation, please, don’t hesitate to call.
I was in a probate/estate sale situation. My father passed away with no will. I had to go to court just to be named the administrator. I didn’t know what to do or who to call. I heard about KcmoHomebuyer and gave them a call. I met Scott at my father’s house. He was very, very sincere and helpful. I was pleased with his offer and as they say, the rest is history. If you need to sell, no matter the situation, please, don’t hesitate to call Scott at KcmoHomebuyer. You will not regret it. Thank you so much, Scott!!
Lifted an enormous burden.
Selling the house closed a long chapter in my life and lifted an enormous burden. Every week I spent at the house either cleaning, keeping up on maintenance, or keeping up the lawn. This was in addition to taking care of my own home. Now I have more time to spend with my kids watching their sporting events and more time with my mom!
JIM IN BELTON
NOT PENALIZED FOR NOT GETTING EVERYTHING CLEANED OUT OF THE HOUSE
I liked the fact that I wasn’t penalized or felt pressure for not getting everything cleaned out of the house. There was over 40 years and three families’ worth of treasure stored in the house, making me feel that the challenge of cleaning it was going to be impossible. I did what I could and you never hesitated in telling me that it’s ok to leave the rest behind.
JIM IN BELTON
IT DOESN’T GET BETTER OR EASIER THAN THIS
This was a great experience. Scott paid us our asking price, and we closed in less than 30 days. It doesn’t get better or easier than this!
HELPED ME THROUGH THE PROCESS
Words cannot express how Kim’s hard work has affected my family. After a death in my family, I was left with a home out of state that had been abandoned and no banks would even claim the loan! Kim helped me figure out how to determine ownership, what to do about the taxes, and how to clear up the loan status so the property could be sold. She helped me through the process every step of the way, despite my frazzled mindset after losing a loved one. There is no one better, she’s simply the best!
ANDREA FROM KANSAS CITY, MO