Author: Alicia Centeno
Reviewed By: Kristi Bickmann

Selling your parents’ house before assisted living by hiring a real estate agent and gathering the essential documents is a significant responsibility, but with targeted strategies and expert help, the process can be streamlined and stress-free

Hire a real estate agent

To start, choose a real estate agent experienced in working with elderly clients and families who need to sell their homes before transitioning to assisted living. Ideally, this agent should also have expertise in probate or power of attorney matters to provide valuable guidance throughout the process. The better the agent understands your situation and specific requirements, the higher the chances of a successful sale.

Establish the home’s value

Understanding the true market value of the home is crucial. Conduct a professional assessment and work with your agent to consider the local market trends and the home’s condition. Remember, a well-informed pricing strategy can significantly affect the speed and success of the sale, especially in a time-sensitive situation.

Remember, real estate agents earn commissions on the listing and the sale, so consider this in your financial planning.

Gather the proper documents

Efficient document management can expedite the sale. In order to sell the home, you’ll need the following documents:

  • Deed
  • Lender/mortgage information
  • Home insurance

A clear understanding of your parents’ mortgage type can also influence the selling strategy. Organizing these documents in advance will streamline the transaction and prevent delays.