Emilie Broughton Real Estate Blog

Selling Your Parents’ Home

 

Even in the best of conditions, there are logistical and emotional challenges to selling
any home. Here is a 5 step-game plan from AARP if you have the task of selling your
parents’ home (or any relation’s property or other elder in your life).

Step 1 Clarify Roles
If you are the sole heir, you have the right to do whatever you want with the house,
but when no specific instructions are given and other heirs are involved, things can
get more complicated. The person named as executor ultimately has sole authority
to determine the home’s disposition, but all heirs should be heard.

Step 2 Line Up Help
An appraiser should give you the price for the home as it stands, which is important
for tax purposes. You might also get major systems inspected, including the roof,
plumbing, and electricity. These could impact a buyer’s ability to get a loan. Your
realtor can price the home correctly and shepherd it through the sale process.

Step 3 Assess Outstanding Debts
Your real estate agent or attorney will run a preliminary title repost, which will
show if there are any mortgages or liens on the home. Any money owed will be
among the first payments settled with proceeds from the sale.

Step 4 Maintain the home
An uninhabited home is ripe for developing maintenance issues, such as freezing
pipes or leaky roof. Appearances matter too: A property that looks abandoned is
more likely to be vandalized. Hire a handyman or lawn maintenance crew. If you
aren’t able to access an estate’s band account, keep an itemized list of payments in
order to be reimbursed. Maintain insurance on the house and let the insurance
company know the home is vacant. You might need an insurance policy intended
for vacant buildings.

Step 5 Prepare for the Sale
Don’t invest in renovations if you’re unlikely to get much more money out of the sale
than what you’ll put in. Remove any modifications installed to accommodate an
aging parent. Fix glaring problems unless your realtor recommends as “as is” sale.
Be aware that the emotional pain of clearing out your parent’s possessions may be
an obstacle to prepare. If necessary hire someone to manage an estate sale and
removal.

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About Emilie

A transplant from the Pacific Northwest, Emilie has first-hand knowledge of the ins-and-outs of first-time home ownership and remodeling. She has become involved in the local art community and all the diversity Southern California has to offer and more recently has expanded her knowledge to include New Mexico.

Emilie’s passion to be involved in her community led her to become a licensed Realtor and Broker.  She continues to educate herself on different aspects of real estate to support clients with a variety of needs.  She is certified as a Military Relocation Professional (MRP) to work with U.S. Service families and veterans to find affordable housing solutions.

Having worked for both a small boutique firm and a company with a global presence, in 2023 she formed Emilie Broughton Real Estate to work with buyers, sellers, landlords, and tenants in California and New Mexico.

Splitting her time between the Land of Enchantment and the Golden State, Emilie focuses on Los Angeles County and the Greater Albuquerque metro area, helping her clients achieve their real estate goals in both Mountain and Pacific Time Zones.

Emilie represented her region as a California Real Estate State Director for three years.  She has served as President of the Pasadena Foothills Association of Realtors and is a multi-year recipient of the Five-Star Real Estate Professionals Award for the outstanding service she provides to her clients.

Emilie Broughton Broker I Owner DRE#01880930
RBFB, Inc. DBA Emilie Broughton Real Estate, California DRE #02222069
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