Selling a parent's home involves emotional, legal, and logistical complexities. It can be triggered by events such as death or a transition to assisted living. Families often grapple with grief and memories tied to the property. Real estate professionals specializing in older adults can assist through the process, promoting clarity in ownership, understanding estate implications, and aligning financial goals. Key steps include early involvement of a real estate attorney and a clear outline of decision-making authority to avoid conflicts and ensure a smooth transition.
"It's OK to feel sentimental-this isn't just a property, it's a chapter of someone's life," says Ryan Garson, a Certified Senior Advisor and member of Compass Plus, a division of agents who specialize in meeting the real estate needs of older adults.
"But I tell families: Let the memories live on, not the maintenance. Our job is to honor the history while guiding the decision-making around what today's market is saying," he adds.
Garson represents a growing class of agents who are dedicated to helping older adults and their families deal with the financial, emotional, and logistical responsibilities of selling a home that's often the center of decades of memories and one of the family's largest assets.
"Start with clarity," says Garson. "Make sure ownership is legally transferred, understand any estate or trust implications, and get aligned with the family's financial goals."
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