Buying & selling your own house can be stressful enough but selling the house of a loved one can involve all of the same difficulties without the rewards for you of a new house at the end of it.
Many of the people selling the properties of loved ones have a strong obligation to that loved one or to their memory in order to do the best that they can by them. Where loved ones are elderly or infirm, those selling have the worries of ensuring their loved ones are getting the right care and attention: time spent visiting hospitals or care homes can sap much of the free time needed for selling a house. Where loved ones have passed away, sometimes their property can be a long way away & it can be difficult to find a trusted agent to handle the process on your behalf.
Unless you are the surviving spouse of inherited property, receiving an inherited property can be a very long and complicated process. The executor of the estate and the courts can take months to divide the deceased assets. This is often a stressful process for all beneficiaries who are dealing with the loss but also the fact that they may need to sell the inherited property for financial reasons.
Common Customer Objectives
There are many reasons why people choose to sell the property of a loved one & we take our time to familiarise ourselves with your needs & expectations. The most common reasons are:
- The loved one has become unwell suddenly – sudden changes may bring upon sudden costs: the cost of healthcare or social care, for example. These costs can lace a huge burden on the loved one & their family that can often only be accommodated by the sale of their property. Time may be of the essence.
- The loved one is no longer able to cope – gradual changes can bring their own stresses. Sometimes the loved one may feel that they are able to cope and they are reluctant to sell, putting stress on the family & complicating the issue of sale. The important thing is to ensure that the loved one is happy and well cared-for
- The loved one has passed away – the passing of a loved one brings sadness and uncharted territory. Waiting for probate to be granted can delay the disposal of a property, pressurising sales and sometimes the loved one’s property will be in a different area to you, causing logistical issues and time pressures that you may not have a great deal of experience in dealing with
Each of these objectives comes with its own set of expectations. Furthermore, some people have time to wait, others do not. We intend to demonstrate our understanding of these objectives to show you that we will be sensitive to your needs and will turn whatever constraints you may have into strengths during the selling & negotiating process.
Frequently Asked Questions
What is probate?
Probate is a legal document. Receipt of probate is the first step in the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased person’s property under a will.”
Probate can often take from 6 – 12 months and a decision is then made as to how the deceased assets will be distributed to the beneficiaries
What happens if I’m under time pressure to sell?
We recognise that there may be a number of factors pushing you towards a quick sale (bills to pay for the loved one, the costs associated with the administering of the estate of a deceased relative) but we would recommend that you talk to us first to see how we will be able to meet your needs. In an ideal world, you will be able to achieve your asking price in the right timeframe. It is currently a seller’s market and the time taken to sell properties is relatively short.
Newton Fallowell can add value to you in a number of ways. Here are a few:
- We’re a trusted name
- We’ll take care of the hassle
- We sell more properties than any other estate agent in our area
- We will ensure your property is sold effectively by a local expert
The Most Common Reasons For Selling Are: