mountainsoft
Thinks s/he gets paid by the post
My mom had a stroke in May, so we've been busy making repairs to her house and trying to get it cleaned up so we can sell it. Unfortunately, I have never sold a house before so I have no idea what is involved. This is complicated by the fact that we live two hours away so I'm not there to handle things.
How do I even figure out what the house is worth? Should I hire an appraiser or does a real estate agent do this? I tried to get a rough estimate by looking at ads online, but that doesn't tell me much.
Will I have to pay the real estate company anything up front, or do they make their money once the house is sold? Assuming they sell it, how much of the sale typically goes to them?
What kind of legal paperwork will I need? Mom never had any kind of "title" for the house. When I was trying to sort through her paperwork after her stroke I think I saw a bank statement saying she had paid the loan off. But that's about the only paperwork I found for the house.
I do have a Power of Attorney. Will that be enough to sell her house, or am I going to need additional legal representation?
What kind of taxes or fees will need to be paid when the house is sold?
We still have at least two months of work before we can sell it, so I've got a bit of time to educate myself.
Thanks!
How do I even figure out what the house is worth? Should I hire an appraiser or does a real estate agent do this? I tried to get a rough estimate by looking at ads online, but that doesn't tell me much.
Will I have to pay the real estate company anything up front, or do they make their money once the house is sold? Assuming they sell it, how much of the sale typically goes to them?
What kind of legal paperwork will I need? Mom never had any kind of "title" for the house. When I was trying to sort through her paperwork after her stroke I think I saw a bank statement saying she had paid the loan off. But that's about the only paperwork I found for the house.
I do have a Power of Attorney. Will that be enough to sell her house, or am I going to need additional legal representation?
What kind of taxes or fees will need to be paid when the house is sold?
We still have at least two months of work before we can sell it, so I've got a bit of time to educate myself.
Thanks!