Can I sell my parent’s house to Bay Area cash buyers?
If we are blessed enough to live into old age, we will have to come to terms with the fact that we are not able to live on our own anymore. In the latter stages most of us will need assistance on a daily basis. This could mean moving into a care facility, with family or another similar arrangement. Regardless of where we spend our last days we need to determine what to do with the home we are leaving behind. This is a decision many Baby Boomers are facing today as they move their parents out of their long-time home and into a situation with more support. Often selling the home makes the most sense so that the proceeds can pay for living expenses. Let’s learn more about how you can sell your parents Bay Area house.
How long does it take to sell my parent’s house?
If you decide to hire a real estate agent to list your house on the market it will likely take 2-3 months to complete the process depending on what part of the Bay Area the house is located. The house will be one the market for a while then once you accept an offer escrow normally takes 30-45 days. This overall timeframe does not take into account if the buyer backs out and you have to start all over or many other factors that can extend the sales time. If you work with a trusted Bay Area Cash Buyer then you can have the sale closed in 7 days, cash in hand fast.
When should seniors sell their house?
This answer is very individual but based on our experience it is time to sell your parent’s house when they are no longer able to maintain the home on their own or need assistance with their daily care. Once household responsibilities start getting neglected the property and value can decline quickly. Similarly and more importantly, once your parent is unable to live independently it makes sense to move them in with someone who can assist, family or professional. This is usually hard to accept for the parent but it is better to get ahead of the situation. Ignoring clear signs can literally be a matter of life or death.
Proud Start, LLC is an experienced Bay Area Homebuyer, we will provide a quality, professional transaction. Give us a call today to see how we can assist.