U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
 
Old 02-11-2010, 05:21 PM
 
3 posts, read 16,079 times
Reputation: 11
Default selling parents home - executor questions

hi everyone, I have several questions that I'm hoping I can get answers and directions on how to proceed.

I am the executor of my parents estate and as part of the wills I must sell the house. it is in Atlanta suburbs and the Atlanta market is no better than any other! I have talked to a realtor who is going to meet me there this weekend to look over the property and discuss how to sell this house. It is 30+ years old, large rooms, nice sized house and lot, but needs some upgrades and TLC. I don't have the money to do these so it will be an "as-is" sale. the realtor didn't think this would be an issue.

Two questions, and let me preface this by saying, I've never owned a home, have no idea what I am doing and am trusting this realtor. He is a close friend of a close friend and has sold 2 of her homes, found her new home and handled the sale of her daughters home. He is well established.

(1) I have a figure in mind, say 80,000 and wondered if I could offer a rebate to the purchaser for a full price offer? I want to get this house sold quick so I can close the estate and get on with my life.

(2) my nephew is living there, rent free, utility free as he moved in with my mom when his wife kicked him out and divorced him, he is 41 and unemployed and not inclined to find another job. I know I will have to evict him and it will be UGLY!!!! He is a drunk, drug user and has a hair trigger temper, a bully. I am a 5'2 110 pound 35 yo woman and he truly frightens the bejeezus out of me. His parents are dead and no one else in the family will have anything to do with him, even his brother. okay TMI, but how do I go about evicting him? I know as this grows closer and it sinks in he is going to have to move he will probably damage the house, I am prepared to be assaulted with phone calls, threats, etc.

thanks for any help you can give me.....
Quick reply to this message

 
Old 02-11-2010, 05:24 PM
Status: "Make Denver Home" (set 1 hour ago)
 
Location: South Metro Denver and looking at houses
8,388 posts, read 17,854,104 times
Reputation: 4141
Offer him money to move out.
Quick reply to this message
 
Old 02-11-2010, 05:32 PM
 
Location: DFW - Coppell / Las Colinas
17,180 posts, read 15,232,467 times
Reputation: 15587
I had a crack house like this with the son living in it. We were able to get the home sold to investors at a discount. Sell it cheap and sell it fast.

I buttered up the guy by buying him cigarettes every time I came over. Luckily I had his brother to help me get him out of the house.

Is there any parent / brother / sister of his that can help get him some other place to live ?
Quick reply to this message
 
Old 02-11-2010, 05:41 PM
 
Location: DFW - Coppell / Las Colinas
17,180 posts, read 15,232,467 times
Reputation: 15587
I failed to mention, find an agent that has a lot of experience with selling a home like this. Don't ask him to cut his fees cause he will earn every penny if he does his job with this home.

You need a seasoned agent to assist you with this sale. This will probably not be an easy home to get rid of so you need someone really good on your side.
Quick reply to this message
 
Old 02-11-2010, 05:42 PM
 
Location: Happy wherever I am - Florida now
2,841 posts, read 6,790,002 times
Reputation: 2378
Shut off the power, the cable, the water, and change the locks - that should get him out. You might want to give him fair warning that he can't live there after a certain date as you want the house empty. The realtor can keep you apprised of whether he's still there.

Check with your attorney about the time frame for settling an estate. There may be a minimum amount of months required along with written notifications to relatives.
Quick reply to this message
 
Old 02-11-2010, 05:47 PM
 
Location: DFW - Coppell / Las Colinas
17,180 posts, read 15,232,467 times
Reputation: 15587
Quote:
Originally Posted by Sgoldie View Post
Shut off the power, the cable, the water, and change the locks - that should get him out. You might want to give him fair warning that he can't live there after a certain date as you want the house empty. The realtor can keep you apprised of whether he's still there.
Since he lives there you may not be able to do this. You will need to go through eviction process to get him removed. It is just easier if a relative can help him find another place to live.
Quick reply to this message
 
Old 02-11-2010, 06:43 PM
 
Location: Cranford NJ
985 posts, read 2,125,918 times
Reputation: 319
Is he heir to any part of the estate? Make sure the house is insured while it is listed. I do not think a rebate is what a buyer is looking for, just price according to the comps. Make sure you look at the comps carefully.
Quick reply to this message
 
Old 02-11-2010, 08:19 PM
 
10,174 posts, read 7,431,177 times
Reputation: 3514
First some questions: Do you have a Date of Death assessment of the home? Have you probated all the other parts of the estate? Have you done a 1041 yet? Have you created an estate account? How many heirs are there to the home? Is your nephew one of them? How long was he living there before your parent died? Does he have any living rights to the home (does anyone)?
Quick reply to this message
 
Old 02-11-2010, 09:12 PM
 
1,824 posts, read 2,889,549 times
Reputation: 1370
He already knows the current situation can't last. The owners are deceased. He will play dead possum until you or your family approach him and negotiate a voluntary move-out date, perhaps within 30 or 60 days with some compensation for moving expenses if necessary. I had the same thing happen with a deadbeat renter and a bad section 8 tenant when my dad died. One was able to bring his rent current. The second tenant was evicted. She caused about $2,700 worth of damages, but the property was sold within 3 months.
Quick reply to this message
 
Old 02-11-2010, 09:42 PM
 
Location: Salem, OR
10,679 posts, read 16,967,492 times
Reputation: 6521
I would get eviction proceedings started. It is my experience that folks like this won't co-operate with showings and make it difficult to sell the house. Get him out so it will be easier to show.

Out here the sheriff's office does evictions. There is a process and if you call they call tell you what the local procedures are over the phone.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top