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Easily Sell the Home of an Elderly Loved One from Out of State

Easily Sell the Home of an Elderly Loved One from Out of State
July 24, 2020 Mark MacFarlane

Easily Sell the Home of an Elderly Loved One from Out of State

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Do you need to sell the home for an elderly loved one who lives in a different state?

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Are you suddenly a custodian or owner of a house in another state?

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Are you looking for information on how to sell a home remotely?

If you answered yes to any of the above questions, the information in this article might have the answers you are looking for.

Selling a home you live in can be a stressful and time-consuming task – selling a home in another state can be daunting and leave you feeling overwhelmed. Many people don’t know where to start or what is the best way to sell the home. A recent Daily Mail report says that selling a home may be more stressful than bankruptcy, divorce, or the death of a loved one. We have found that the easiest and best way to approach the sale of a home remotely is to break the process into several manageable pieces and simply work through the process step-by-step.

A vacant home poses unique challenges and risks so the first step in the process is to ensure the property is protected, insured, and maintained.

Now that you have arranged for the home to be maintained and protected for the short term, we can turn our attention to the personal items left in the home and overall condition of the property.

Now that you are armed with the necessary knowledge to make an informed decision, let’s look at your options.

Hire a Real Estate Agent

If the inspection report showed minimal repairs needed and the home is in overall good condition, selling the home with the help of a real estate agent might be your best option.  You will still need to have the home cleaned and prepared for sale but a good real estate agent can help you arrange these services.

We recommend that you interview several agents to ensure you find one who is a good fit, preferably with experience in working with out of state sellers. Remember, you are placing all of your trust into a real estate agent you never met in person, so ask questions and choose carefully.

It is also important to remember that time is money.  As a seller that is paying for maintenance, utilities, taxes, and insurance, every day that the sale is not completed is a day you lost money you.  Understand that selling through a real estate agent will take time and includes the following steps:

  • You have to find a real estate agent with experience who will help an out of state seller.
  • The house needs to be cleaned and prepped for sale.
  • The listing is created, photographs are taken, ads are prepared and posted.
  • You can wait for days, weeks, or months for a buyer to make an offer you will accept.
  • Even after a contract is signed, it takes weeks for surveys, title searches, home inspections, and buyer loan approval to be completed.

A real estate agent does not charge you upfront, instead, they are paid through commission on the final sale price. A typical commission is 6% if the home sells for $200,000 sale you will pay the real estate agent $12,000.  This will require a considerable investment of your time over several months of the sales process.

Sell the Home to a Cash Buyer

If the home inspection revealed some major problems that would be costly to repair or the home needs major updating, the fastest and easiest way for an out of state seller to sell a home is to sell to an investor, like OutFactors. This is especially true if you do not have the time, money, or a trusted contractor to fix the property. OutFactors can make it easy for you to sell your house fast and for cash. For an out of state seller with a home that needs extensive repairs, this could be your best option.

Our process is so fast and simple we can usually close in 10 days or less. To get started, all you need to do is answer four simple questions. OutFactors will conduct an initial review of the home and offer you a fair price for the home based on its current condition. We will then schedule a walkthrough, conduct a quick inspection of the home, and complete the paperwork. With OutFactors, it is simple for an out of state seller to sell a vacant home that needs extensive repairs.

One of the biggest benefits of working with OutFactors is how simple we make it to get the cash you need when you need it. No worries about vandals breaking into the home or the amount of money you are losing every day the house sits vacant.

We hope this helps, and if you have any questions feel free to contact us at OutFactors.com.

OutFactors
539 West Commerce Street
Suite 1205
Dallas, Texas 75208
[email protected]
(800) 420-7030

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