Selling Your Parent’s Home Without Regrets: 5 Crucial Mistakes to Avoid
Imagine stepping into your childhood home—not for a joyous holiday or a warm family gathering—but to prepare it for sale because your parent has passed away, become incapacitated, or moved into assisted living. Saying goodbye to a place filled with memories, love, and decades of history is emotionally overwhelming.
At Veltri Group of Brevard we specialize in guiding families through this complex and sensitive process. We've helped many families navigate this challenging journey, and we're here to support you, too.
Watch our video for detailed tips, real-life stories, and personal insights: Click here to watch:
Top 5 Mistakes When Selling an Inherited Home (Part 1)
Top 5 Mistakes When Selling an Inherited Home (Part 2)
5 Common Mistakes When Selling Your Parent’s Home
1. Not Designating a Single Decision-Maker
Having one person responsible for decisions can significantly streamline the selling process. This doesn't mean other family members are left out; it simply reduces confusion and conflict. When siblings or family members live across the country and emotions run high, conflicts over decisions can easily occur. Clearly designating one trusted decision-maker helps everyone move forward smoothly.
Tip: Always consult an attorney early to confirm your legal right to sell the home. Legal delays can cause contracts to fall through, as we’ve seen firsthand.
2. Underestimating Home Preparation
Many families underestimate how challenging preparing a family home for sale can be—especially emotionally. The home might be dated or poorly maintained, with issues such as old fixtures, worn rugs, or even major repairs like roof leaks or HVAC problems.
Before making any costly renovations, prioritize critical inspection-related repairs. Always consult an experienced real estate agent to determine which updates truly add value in your local market. We’ve helped families through daunting cleanup tasks, even finding creative solutions when faced with surprising discoveries (like unsettling antique dolls!).
3. Misunderstanding the Home’s True Condition
Just because a home was loved doesn't mean it’s in great shape. Hidden issues can impact financing and buyer interest. We've navigated sales involving homes in vastly different conditions, from perfectly maintained condos to properties so cluttered or damaged they required extensive cleanup or a quick cash sale.
4. Overpricing the Home
Emotionally, it's natural to believe the home is worth more after all your effort. However, market value often differs significantly from emotional value. Pricing your home correctly from the start, based on current market conditions and comparable homes, is essential to prevent prolonged stress, financial burdens, and potential disappointment.
5. Waiting Too Long to Contact an Agent
Families often wait until they're overwhelmed or unsuccessful selling by themselves before contacting an agent. Early guidance can save you significant time, stress, and money. We've seen beautiful homes sit unsold simply because the sellers delayed seeking professional advice. The sooner you contact an experienced real estate agent, the smoother the process becomes.
Every situation is unique, and you don't have to go through it alone. We're here to guide you every step of the way. If you have any questions or need assistance, please get in touch.
Watch our video for detailed tips, real-life stories, and personal insights: Click here to watch the full video.
We're Here to Guide You
We are your trusted sibling Realtor team, specialize in estate sales in Brevard County—Florida’s Space Coast, where we grew up. We offer two agents, twice the service, and unmatched local expertise. Even if you're outside our immediate area, reach out to us—we partner with trusted agents across Florida and nationwide who specialize in estate sales.
Ready for a Consultation?
If you need expert real estate guidance through a family loss in Florida's Space Coast, contact Veltri Group of Brevard for a consultation. Let our family help yours with compassionate, professional support.
Lew and Tina Veltri - Veltri Group of Brevard - LPT Realty
Your Space Coast Sibling Team
Two Agents. Twice the Service. Local Expertise.
📞 321-341-6541
📧 veltri@veltrigroupofbrevard.com
🌐 https://veltrigroupofbrevard.com
Veltri Group of Brevard is a Homegrown Real Estate Sibling Team on Florida's Space Coast offering a unique, hands-on, & personalized approach to buying and selling. We work together as one, so our clients receive twice the service and double the care.