Page 15 - Selling the Home of a Deceased Loved One
P. 15
8. IF _______ WANTS TO
BUY THE HOUSE?
You can fill in that blank with the house, it usually doesn’t work out
any number of people… for one reason or another. It might be
because they simply can’t qualify for a
Quite often, when someone passes mortgage. Or, it could be because it’s
away, there is someone in the family difficult to get everyone to agree to
who either wants to buy the house or sell it to someone in the family or
knows someone who wants to buy the agree on the price and terms.
house.
What makes it all the more difficult is
It could be one of the children, a when the person who wants to buy it
grandchild, a niece or nephew, a is looking to use it as a way to make a
cousin, or just the friend or profit. (To renovate and “flip” it, for
acquaintance of any one of those instance.) But it can also be so that
people in your family. someone can get a decent deal on a
house they couldn’t afford otherwise.
Sometimes it’s a good thing, That can cause hard feelings and
everyone’s for it, and it works out just create resistance or resentment.
fine. But more often than not, it just
delays selling the house on the open At times, someone feels like they want
market to a “true” buyer. While to buy the house because it’s
someone within the family, or at least sentimental. Unfortunately,
close to the family, may want to buy sentimentality does not usually result
in an actual purchase. It just delays
the sale until the person comes to
terms with the fact that they don’t
actually want to buy the house.
But if someone does sincerely want to
buy the house, and everyone agrees
to it along with the price and terms,
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