Family Home Archives

Reverse Mortgages and the Estate – What Executors and Heirs Need to Know

A reverse mortgage can operate for years with little attention from the family. After the borrower dies, however, the loan can become an immediate estate-administration issue. The important starting point is simple: the reverse mortgage company does not automatically own the home. The property remains subject to its title, the estate plan, and applicable state

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Executor’s Dilemma: Should You Fix Up the House or Sell It As-Is?

How Executors and Heirs Can Decide Whether Repairs, Renovations, or a Fast As-Is Sale Make the Most Sense When a loved one passes away and leaves behind a home, one of the biggest questions facing the executor and family is simple to ask but difficult to answer: Should we fix the house up before selling

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Bill Gross’ 10 Rules of Probate Sales

Inheriting a property after the loss of a loved one can be an incredibly emotional and confusing time. While you may be eager to settle the estate and move forward, selling a house in probate is not like a traditional real estate transaction. The court system is heavily involved, and making assumptions can cost your

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From Marketwatch: DIY projects to increase a home’s value

.Link: 7 affordable DIY home projects to increase a home’s value by Marketwatch. The goal is, to recoup and exceed any $$$ invested in any property on projects that may result in a higher sale price. Otherwise, why bother? For this reason, we like this article from Marketwatch. These are seven low-dollar, simple upgrades that

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Executor Road: Out! They Say…

Executor Road – Out They Say! Dealing with the friends watching you dealing with it… Executor Road: The Pile of Stuff A well-meaning friend said innocuously, “Out!” after I noted I had been busy going through the contents of our family house: the boxes, papers, tchotchkes, etc. The stuff from the drawers, the darkest attic corners,

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From the Hartford, “10 Cheap Upgrades for a Fast Home Sale’

Link: 10 Cheap Upgrades for a Fast Home Sale The keyword here is FAST. As you’re aware, the longer a property sits on the market, the more likely the price will need to drop. Meanwhile, your costs of holding the property—mortgage, taxes, utilities, insurance, and maintenance—mount. The goal is simple: get it sold ASAP. From

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House: How to Un-Smelly Before You Sell-y

The effect of odor in the sale of real property can be subtle but persuasive. The visual impression is one thing. Most people can be pretty objective about that. However, the smell of property can register a subconscious impression before any visual beautification efforts reach a potential seller’s conscious impression. Any realtor will advise some

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