Family Property

-Family Property-

You’ve been appointed as the single most important person in a loved one’s life and now have to efficiently and ethically unravel a lifetime of property, investments, liabilities, etc. all while being held accountable by family and the court system. This takes a LOT of time and energy. Whether you’re a personal representative going through the probate process or the administrator of a trust, we've put together a team of people to help with your current situation.

Oftentimes when we first speak with families they are dealing with a house full of accumulated personal property. We have donation channels, estate sale companies, cleanout crews and more to ensure the home in the estate is broom swept and ready for either transfer to a family member, a quick cash sale, a complete renovation or to be sold as is in the real estate market. We can help turn your mountain into a molehill! It's what we do and we are here to lighten your load. Fill out the form below and let us know what you're struggling with.

 

 WHAT VALUE DO WE OFFER THAT NO ONE ELSE DOES?

 

  • Preparing
    • Estate Sale – Tag sale with donations to charity and full cleanout
    • Senior Moving Service
    • Financial Planning for Long-Term Care
    • Estate Planning to avoid Probate

  • Selling
    • Quick Sale – 60%-80% Market Value – Cash offer, quick closing, no closing costs
    • Conventional Listing – 80%-100% - MLS listing and full marketing package
    • Creative Financing – 100%+ Market Value - Lease Option, Owner Finance
    • Full Renovation – Maximize equity and pay nothing until the property sells
  • Investing Inheritance
    • Buying a New Home – Use the inheritance to upgrade or buy first home
    • Buying Rental Property – Invest to Preserve and Grow the Wealth
    • Next Generation Estate Planning – Don’t let it happen again

 

Probate Timeline

The probate process is a lengthy one and can take between 9 and 18 months. Use the below Probate Timeline to help you understand the different steps as you navigate the probate process.

Step                                                                                                                             Duration

Prepare and File Petition Probate

1-2 months

Court  hearing on the petition for probate

2-3 months

The following are issued. letter of administration ,order for probate, duties and liabilities, issue bond (if ordered)&** letters testamentary **

2-4 months
(if not contested)

Notice to Creditors

2-4 months

Notice to Department of Health Services Inventory & Appraisement

4-8 months

Pay state and Federal Taxes ( if necessary)

6-12 months

Allow or Reject Creditor Claims

 

Possible Preliminary Distributions

 

Notice to Department of Health Services (if deceased received medical)

 

Notice to Franchise Tax Board (if heir is out of state)

 

Claim of Exemption (if assets transfer to a minor)

6-15 months

Receive Final Tax Letter from state and Federal (if appropriate)

6-18 months

File Petition for Final Distribution and Accounting

8-16 months

Hearing on Petition for Final Distribution and Accounting

 

Order Approving Final Distribution and Accounting

 

Distribution  of Assets to Heirs

9-17 months

Final Discharge Order (indicates close of probate case)

9-18 months

Final Distribution of Funds

9-18 months

At Your Own Pace: Moving After the Loss of a Loved One  

by Lucille Rosetti

Moving to a new home is an opportunity to embark on a new adventure and a chance to get to start fresh. If you have recently lost a loved one and have moved into the stage of acceptance of grief, then you may want to consider a move. Let’s discuss some of the possible advantages of relocating, as well as some tips to get you started.

Advantages of Relocating

There are several possible advantages of moving into a new home. For instance, your current home may be filled with so many memories that you find yourself drowning in grief, unable to move past it. Some people often feel paralyzed in their home surrounded by their loved one’s belongings. It’s possible that you can no longer afford your current home and need to downsize.  According to Money Crashers, relocating into a smaller home can save you a significant amount of money between the mortgage cost and the utilities. Moving into a new home also holds the idea of a fresh start, of new experiences to be had. While this can be scary or even cause you to feel guilty, remember that your loved one isn’t in this home anymore. You will take your cherished memories with you anywhere you go.

How to Choose Your New Location

Once you’ve decided that moving is the right step for you, you need to decide where you want to live. If you’ve dreamed of living on the water, check out available beach homes or lakeside properties. According to the Washington Post, living by the ocean boosts your overall mental health, reducing stress and relieving distress. You may also want to consider moving to live closer to family and friends. Living close to your family allows you to be more involved in activities, easily get together for meals, and have help if you need it. Living alone can be challenging in moments, like trying to move a heavy dresser or taking care of yourself when sick. It could be helpful to live close to someone you love.

Get Your Home Ready to Sell

When you find your new dream home in the perfect location, you now need to get your home ready to sell. Before you can put your home on the market, however, you’ll need to add curb appeal. Make sure your yard is well kept and that your lawn is in pristine condition. If there are dark spots or dirt patches in your lawn, bring in a lawn-fertilization service to treat it (the average cost of this service in Detroit is $182)

You also need to declutter the entire house. This may be the hardest part of the whole experience as you will be going through your loved one’s possessions, likely getting rid of some things. Take your time, and be kind to yourself while going through this process. If you encounter items you’re not ready to part with but don’t have room for, consider getting a self-storage unit for a few months while you sort things out. A 10x20 unit will cost you $100 per month on average, so it may not be something you can afford long term, but it can give you time to think things through more carefully.

After you have thoroughly decluttered, you need to deep clean your home. You may want to consider hiring a professional cleaning company to come in and take care of that for you. Usually, hiring a cleaner is not a very expensive service and typically costs $30 - $60 an hour. It is extremely time-consuming to deep clean every square inch of your home, so if it’s in your budget the professional company would be a huge help.

Know Your Own Limits

Any big change — even positive ones — can cause stress. In a time of grief, this can be especially overwhelming. Take the time you need to make sure you are ready and comfortable with the decisions that you are making. Don’t let anyone force you into something you don’t want to do. Only you know your limits, so be sure to respect them and voice them. Grief has no set timeline, and it may look different for each person.

When you’re ready, moving to a new home will be an exciting time for you. Ask for help when you need it and enjoy your next adventure. 

Photo Credit: Unsplash

 

Your Customized Home Marketing System

Our Customized Home Marketing System is the exact plan we use to give your home the best exposure possible. Go ahead and take a look. We love when our clients are as informed as possible about what is working in our current marketplace. In addition to the Customized Home Marketing System we use a collaborative process that highlights the distinctiveness of your home and realize it's not about making ourselves standout, but rather making your HOME stand out and rise above a buyer's other options.

Selling Secrets You Can't Afford To Miss

It’s true! Every day homes sell for WAY less than they should. It makes us cringe to see how many mistakes people make when selling. Don’t get us wrong, it’s great if you’re a buyer. However, if you’re a seller, every mistake can cost thousands of dollars.

Affluent sellers do what it takes to get top dollar for their homes. Average sellers and agents don’t seem to take selling as seriously (I have no clue why?) and normally don’t do what is necessary to get top dollar. If you use the right home selling strategies you can make at least 10-30k more when selling a $200,000 home.

In our book “Selling Secrets You Can’t Afford to Miss” we break down what successful home sellers do differently. We reveal their strategies, secrets, tips, and much more. We’ll also show you how to use them when selling your home.

Our clients receive a complimentary copy of this book. Why are we giving it away for free? It’s because we know the strategies revealed in our book can have a direct impact on your quality of life.

Let us guide you towards making enough extra money to send your kid to college, buy a new car, or do a nice remodel on your next home. What are you waiting for? Click on our book to claim your complimentary copy.

 

Useful Information

There are three major factors to consider when selling your home: timing, price and risk.

  1. Timing - how quickly do you need the cash from the sale of your home?

  2. Price - what price is your home currently demanding in our local market?

  3. Risk - do you need to sell your home before you can buy another? (has a strong correlation to the strength of your negotiating position)

Depending on your situation, an error in one of these three steps could cost you thousands long term. It's important to have the best possible information at your disposal. Using an agent on our team to represent you will allow you to get answers and avoid common pitfalls when selling your home. If you're serious about selling contact us for a seller strategy meeting and we can assess your situation. Here are a few common misconceptions:

  • You get more for your home if you "pad" the price with bargaining room.
  • Waiting for offers will get you a higher offer.
  • EVERY buyer likes to bargain or negotiate the price.
  • Receiving an offer close or at list price within the first couple weeks means the house was under priced.

Timing is important and knowing the local market is key. As full time agents, we study trends - see our Oakland County Trends page -  and analyze information. We understand what your home will sell for in our market and how quickly you can expect your cash. Need an estimate on net with prorated property tax information? No problem, we can help. With us you'll know how much cash you're walking away with well before you sit at the closing table.

Pricing your home correctly is crucial to maximizing the highest selling price possible. As area experts, we can help determine what direction the market is trending, so you can make the right choices when it comes to selling your home to get the highest price possible! The goal is to get as many people as possible to tour and make offers on your home, the first two weeks being crucial. More buyers means more demand which allows your home to sell for top dollar. There’s a current pool of buyers waiting for new listings to hit the market, which is why accurate pricing and preparing your home properly is crucial. Ask us about our Marketability Checklist. It's a great tool to help you avoid pitfalls when preparing your home for the market.

Risk is an important factor when selling your home that is often overlooked, especially if you first need to sell your home before you make the move into your next home. Which offer should you take? The higher priced risky one or the lower priced safe one? How do you prove someone is qualified to buy your home? No worries, we can help with all of that. 

 Things to Think About When Selling Your Home

Once you've determined your pricing strategy, we can give you advice about the little things that you can do to stage your home to get you the highest possible price! You’d be surprised by the simple measures you can take to dress up your home to attract more qualified buyers. Ask us about our Marketability Checklist, it can help see how marketable your home is and can give an indication on how long it will take your home to sell.

Our marketing plan is designed to get maximum exposure to the buyers that are currently looking, and all agents that have buyers.  Through pricing, staging, agent accessibility, and visibility, both on and offline, your home will be in a great position to sell for a maximum within current market conditions.

Re-targeting Strategy by Adwerx

We partner with Adwerx to expose and re-expose your home to prospective buyers who have expressed interest in your home. We'll show your home thousands of times across Facebook, mobile devices, and the web, to highly targeted people that are in the market to buy real estate within a specific radius of your home. In addition to that, you'll receive a report that shows how many views, likes, clicks and comments you've received.


 

Who's selling in today's market? 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Contact us today to find out how we can be of assistance to you!