IF, WHEN & HOW TO SELL YOUR HOME
FOR MEDICAL REASONS
You're are not alone.
Many homeowners are in similar situations
where privacy is preferred.
After they spoke with us, they felt more at ease about the process.
Let's take a closer look about Real Estate and medical conditions.
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FIRST THINGS FIRSTGather Information, ThenMake Informed Decisions.
* What is the diagnosis * Finacial impact * Relocation plans * Family and friends
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WHAT IS THE DIAGNOSIS?
Moving for medical reasons could be simply because it's too hard to go up and down the stairs any longer. It could however, be more severe. Here are a few examples that play a part in deciding to sell your home.
* How severe is the condition * Will it become debilitating * Is it temporary or permanent * Is there a cure * Will it help or hurt me if I sell my home * When should I sell
There are multiple things to consider here. In some cases the doctor recommends moving to a dryer climate. In other cases there is a need to move closer to a specialized medical center that will be treating you. Other times parents are relocating to live with children with guest quarters facilities.
You may also consider the possibility of not selling your home and modifying it to meet your current situation. It really comes down to a case by case basis and discussed with your doctor, family and your realtor. This will give you a well rounded idea on how to best navigate the situaion.
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FINACIAL IMPACT
This Plays A Major Role In Most Cases.
The finacial impact could be mild in comparison to your income or assets. For many however it's substancial. The only question for them is how to deal with it.
Here are some conscerns
* Do we have insurance * Is there federal or state help * What is our cost * Will that cost go up over time * How long will we have any costs * Do we have the resources to handle it * Are there family members that can help
Being realistic about the financial part of things is important here. Set pride or anger aside if things don't look good. There may be solutions you're not aware of, you just need to talk to the right people. For example, support groups with the same situation can share how they made it through or are currently dealing with it. Church or other social clubs you belong to may have solutions for you, along with family and friends. Don't forget your home itself. Rather than sell, you can access the equity in your home to close the gap. In this case you don't have to sell and relocate, you can stay right where you are, if you want.
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RELOCATION PLANS
If you have decided that relocating is the best option for you, the next question is where and when. The location you select can vary for different reasons. Here are some of the most common factors that go into the decision of where.
* Medical facilties * Climate conditions * Closer to family members * Affordability * Availablity * Place of origin
Many times there are more than one factor that determine where you go. If there are sufficient medical facilities where you grew up and you always planned to return there some day, it could be a perfect fit.
The question of when could be affected by the medical diagnosis itself. If its urgent that you relocate, you may move into temporary housing now and let your agent handle the local sale for you while your getting treament.
If on the other hand you have some flexibility and the matter is not urgent, you can plan the sale and relocation so that one preceedes the other in a one time move scenario.
In either case, discussions with you doctor, family members and your real estate agent will help you put a plan of action in place.
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FAMILY AND FRIENDS
Handling medical situations alone can be stressful. If you are fortunate to have friends and family near you at times like this, it can help tremedously. Let them help if they volunteer, it helps you and helps them feel better as they are feeling some anxiety or emotional pain as well.
It may also come about as a time to get closer and more in touch with them that has been put off for some time. If your time left is shortened, you'll want that to be the time well spent with loved ones.
If your relocation take you further away, put a plan of action in place allowing for visits time to time or brush up on your technology and devices that allow for virtual visits and conversations.
If you feel alone because you don't have close contact with family and friends, you are not alone. There are plenty of local services to assist you in this journey of your life. Your doctor or medical facility have resource councelors to help. If nothing seems to be working, don't give up, you can call me. I'll be happy to help you any way I can. . |
Handling your real estate affiars in the middle of a medical situation can seem daunting.
Don't put all that weight on your shouders alone. Along with medical professionals,
family and friends, we are here to help you through the decsion making process as well.
You can call our private line now at
951-833-8925 and we'll be glad to chat with you.
All conversation are
100 % confidential, and your iformation is not shared or sold to anyone.
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Drop us a quick note below,
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