Selling a high value house quickly

davidmcn

maisie1234 wrote: »

It hasn’t been well maintained.

Is there anything significantly wrong with it? If it's mortgageable I would be inclined to sell conventionally.

p00hsticks

MysteryMe wrote: »

You don't need to rush, the cash and shares will easily pay for care home fees for quite some time. Take your time, I'm sure it must seem daunting but try and be methodical about it. Once you have one room clear you have a space to put items that are not to be chucked or not sure of. Anything that is obviously rubbish put in a skip.

Don't underestimate the time it'll take to clear, especially if those doing it are at a distance and/or in full time jobs. It may work out better to clear the contents into storage to get the house on the market quickly - the interest on the sale proceeds could pay for the storage facility and give the relatives more time to go through the contents thouroughly.


Selling it quickly also reduces the costs of council tax, insurance etc which will be quite high on an empty house that expensive, and avoid the risk of burglary / squatters etc

jonnygee2

In London it is pretty easy to find people who will do things like clear a house for an hourly wage that's going to work out very well.

The problem with selling without removing everything is that it will make surveys and inspection difficult or impossible. This could put a lot of buyers off or lower the price (more risk for a buyer).

quotememiserable

Well it depends what you do for a job now and how much time you can put into it. If you go there for a year and sort it all out yourself and then sell it, you'd be £500k to the good according to your numbers. Do that.

getmore4less

Does the parent have capacity?

Is there a LPA in place?

With £300k in liquid assets take time.

Is it accessible Ie. do you live relatively close?

Can you round up help to start the clearance process

babyblade41

get a house clearance company to clear it for you and then sell normally with a price to sell attached to it.

I'm not sure why you think there is a rush . Is it for care home fees (as the amount of other assets would cover these for some time as most people could work out fairly quickly) or are you wanting to sell quick for other reasons

AdrianC

jonnygee2 wrote: »

In London it is pretty easy to find people who will do things like clear a house for an hourly wage that's going to work out very well.

p00hsticks wrote: »

Don't underestimate the time it'll take to clear, especially if those doing it are at a distance and/or in full time jobs. It may work out better to clear the contents into storage to get the house on the market quickly - the interest on the sale proceeds could pay for the storage facility and give the relatives more time to go through the contents thouroughly.

The problem is that you simply don't know what's among it all.


There may be substantial stashes of cash hidden away. There may be jewellery hidden away. There may be paperwork for insurance policies or shares or the location of an unknown safe deposit box hidden away. The deeds for the property may be scrumpled up in the middle of filthy rags or old newspapers.

getmore4less

One approach is to split the task into phases.

not easy if every bit of space is already taken.

Phase 1 is to split into piles.

The first pile is throw it out,
Identify rubbish get it out the way or all together in one place so it can be thrown out in one go without going through it again

Pile 2(might have sub piles)
Not rubbish not sure
could be furniture you won't be keeping but handy to dress a room for selling , or something you don't want but not sure if it has value or just to get everything together like all the clothes(pockets to be checked later).

Pile 3
I think I need to sort through this sooner rather than later,
might be a pile of paperwork, photos box of random stuff.....
again might have sub piles, paperwork, sentimental, already boxed sort later...


The trick is not to linger looking through stuff but to identify the rubbish and get it out the way quickly.

Then size up the problem that is left.

Stacking can help a lot here so some boxes than can be loaded with stuff to be sorted and stacked in a corner can free up space.

Often that first run through is helped if there are bodies to help move heavier stuff and get some organization into the contents.

maisie1234

Thank you all SO much. I live 100 miles away and work full time. It’s a 5 bed almost floor to ceiling with old clothes, old furniture, newspapers etc. I cannot tell you how bad it is.... having said that it is rare that you need a bit of papers these days. There is a large box with what looks like significant financial paperwork. We have the will, it is valid.

The solicitor recommended a company who work with the police and AGE UK who will clear the house and know all the great care homes. I am waiting to speak to them. He has plenty of money and we will use it to work quickly. I am general POA and getting LPOA set up now. We were estranged for a number of years but I have promised I will help.

It’s such a shame with all that money he is living in his current conditions. Help to clear the house was offered and declined but it’s got beyond that now.

maisie1234

You literally cannot move in it. The bathroom and kitchen are beyond words