Case Study: Stress-Free Sale for Caretaker Son
Everyone’s needs and lifestyles evolve as they age. Watching your father or mother grow older can add emotional and financial strain to an already-full plate. Like our client Patrick Norris, there may come a time where you need to sell an aging parent’s house to pay for care.
It’s no secret that we buy houses in Madison, TN. However, My Tennessee Home Solution can also advise you on navigating these sometimes difficult life changes. Through the case study below, we’ll explore how we helped Patrick Norris and his mother, Dorothia, navigate the real estate market.
House Overview
House Type: Single-family unit
Property Address: 664 Kinsey Blvd, Madison, TN 37115
The Problem
Elderly family members might struggle to care for themselves because of increasing health care challenges due to age. They might also not be able to care for their properties as a result. Patrick’s mother, Dorothia, lived with him for four years because of her health complications.
Patrick’s position as her power of attorney permitted him to rent the house during this time. A close friend of his moved into the home in exchange for utility bill payments and general property care. Unfortunately, this friend was not able to follow through on his end of the bargain.
At first, Patrick aimed to remodel and sell the house to help pay for long-term care for Dorothia. However, he eventually landed on selling the house as-is to soften the emotional challenges and financial considerations of caring for his aging mother. This decision introduced a new obstacle: He needed to persuade his friend to vacate the property.
How My Tennessee Home Solution Facilitated a Fast, Profitable Sale
Selling his mother’s house to pay for care had a few hitches. First, Patrick needed a fair price for the property. Second, he needed to convince his friend to move without hurting their long-standing friendship.
Patrick called My Tennessee Home Solution for help. Our team went above and beyond to assuage the stressors many sellers face. We gave him a cash offer for the property in its current state. We were also able to help remove all of Dorothia’s unwanted belongings.
Next, we helped the current tenant navigate the moving process. We stood in for Patrick to protect his friendship. Our team financially and logistically assisted the tenant in moving to a new residence.
Our assistance enabled Patrick to:
- Acquire additional funds to care for his mother.
- Maintain his relationship with an old friend.
- Eliminate an additional burden.
- Enjoy a stress-free property sale.
The Seller’s Response
Patrick recently left a five-star review on Google about his “wonderful” and “painless” experience. Tipping his hat to “all the men and women working for this company. They are good.” His is just one of many stellar client experiences.
Property Sales Can Financially Support Life’s Changes
Not only can My Tennessee Home Solution help you sell a house with a tenant, but we also assist you with the legal implications of selling an elderly relative’s home to pay for care. Let us handle the leg work while you shop for senior living options. Contact us for a cash offer.
