Background:
My mother lives by herself in a 4 bedroom/2.5 bathroom home that she owns (mortgages). She is in poor health and rapidly headed towards not being able to care for herself. I need to help her sell her house and get her in an environment more suited to her needs. And it needs to happen fast.
The House:
Structurally the home is fine. The interior of the home is not in good condition. It smells BAD, kitchen needs complete renovation, basement is half finished, carpets all need replacement, doors need replacement. I would be embarrassed to bring anyone into the house, never mind try to convince someone to buy it. She, nor I, are able to front the cash to remedy the issues prior to selling. However, I assume for the right price there would be someone willing to buy it.
Financials:
- The house is in the suburbs of NJ
- Others homes in the neighborhood have sold recently for $400,000-$450,000.
Questions:
- Is there a particular strategy for selling a house in this condition?
- What is the first step? (Finding a realtor willing to sell it?)
- Does anyone have experience buying selling a similar house?
- What would the out of pocket costs look like for selling this home?
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source https://www.reddit.com/r/RealEstate/comments/k312ce/need_advice_on_selling_mothers_home/
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