There comes a time when parents are no longer able to care for their affairs. During this period there may be a need to sell their property to allow them to take the next steps on their life journey. This can be for a variety of reasons. If this happens you will need to use a power of attorney sell their house. A power of attorney is not just for selling property, it allows someone to deal with some one’s affairs on their behalf, including legal matters.
Using a Power of Attorney to sell a Property
Its possible that your parent or family member may have already put in place a named power of attorney. This could be a son or daughter or part of the extended family. However, this is uncommon. It is more common for people not to have considered this. If there is no designated power or attorney it is something that needs to be raised with your family member, whether this be your mum or dad, sister or brother. You need to do this while there are in good mental health. If they are mentally capable of making this decision it is a smooth and relatively straightforward process.
If they are not thought to have the mental capacity to make this decision you will need professional help to be able to gain a power of attorney. This is much more difficult and expensive. A medical professional will have to find them unable to take care of their own affairs. From there solicitors will need to help draft up a power of attorney. Due to this, it is better to have the power of attorney put in place once the parents begin to age.
It should begin by talking to them. They will most likely appreciate being able to put the major decisions in your hands. Big responsibilities like selling a house can be too much of a strain for them. It comes with a lot of decision making. They may prefer that you take on this task. It will become part of your willingness that comes with selling my parents house.
Selling your Parents’ House
Once you have the power of attorney in place it allows you to make the decisions that are necessary to deal with someone’s affairs. One of these decisions may be to sell your parents’ home. You will be able to deal with the legal part of the sale and sign papers on their behalf. Dealing with a person’s property before their death is common and may lead to a decision about selling a family members home. The power of attorney is the key mechanism to allow decisions to be made on their behalf.
How to Get a House Ready to Sell
Once you have the power attorney sell property authority you need to understand how to get a house ready to sell. This can be more challenging if your parents are living in the home. This can lead to your parent becoming confused and upset. A range of tradesman in their home, or changes within their environment can unsettle them and cause serve stress or anxiety.
Sell your Parents home yourself: For Sale By Owner
You may decide to sell your parents’ home yourself. This may be to minimize the disruption to your parents from unusual people visiting their home. However, this means that you have to take on the role of the estate agent. This can be a large responsibility and particularly stressful if you’ve never had to organize viewing, repair and tidy a home, negotiate with buyers and organize solicitors.
If you use an estate agent it can be difficult for your parents. They will have one stranger bringing other strangers into their home. Yet, if you do a for sale by owner then you will be the one showing the house. You will need to dedicate the substantial time that is required to do this. Having a power of attorney can create a lot more responsibility, with selling a house yourself, adding to this.
Aside from having to show the house there are many other tasks that come with this way of selling. You have the job of letting people know its on the market for sale. You will need to research the market and determine how much to list the home. It can be difficult do the necessary research, especially if you don’t have the experience, tools and resources to do this in the correct way.
If you don’t advertise the house in the correct price range, you may not attract any viewings. You need to choose the best way to advertise the home, whether in newspapers or online. If not undertaken correctly strangers may visit unannounced. Your parents may be become confused and there have been cases of people letting strangers into their property.
How to sell your Parents’ House Fast for cash
Selling your parents’ home fast may be the best option for you and your parents. It is an option that allows you to sell the house for cash. You can make this decision on behalf of your parents if you have the power of attorney. It is the one option with the least amount of hassle when you want to sell your parents’ home.
There are professional investors who specialise in buying homes for cash. They will determine a fair price for the home, based on a range of factors, including the condition of the home. They will not expect you to do any repairs or improvements. They will want to buy the house as is. They will be looking to do this quickly and for cash. Minimising the stress and disruption of selling your home via other methods. There are no estate agent’s or solicitor’s fees so you are saving money. Selling the property for cash to an investor can be the cleanest, quickest and easiest way to sell the house.
Sell Your Parents House Without The Hassle and Stress
Selling your parents house is stressful. Selling a property using a power of attorney takes time and money, and can take many months if you use an estate agent or try to do it yourself. Don’t wait for the house to get sold. If you need your parents’ house quickly, for a fair price and without stress and hassle, selling to a cash buyer is your best option. We understand that you need to sell your parents house as soon as possible, and that the house selling process is stressful and expensive. At K&G Lettings Limted, we specialise in buying houses quickly and without hassle. This removes the emotional and financial hassles that come with selling your parents’ home, ensuring you and your siblings can move on to the other more important things in life.
Do you have a question about the house selling process? Do you want to get your no obligation cash offer for your parents’ house? If YES, fill out the form below.
Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today on 01482 961961.
The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.
