Angry Family Members Squabbling Over The Maine Real Estate Listing.
In life, in business, we all try to try to keep the boat from rocking, upsetting.
But emotions can run high in a good and not so peachy keen way in the Maine real estate buying and selling process. People are involved.
Memories, hurt feelings happen and history from events the Maine real estate agent, broker can know nothing about suddenly surface.
When the for sale sign is posted. The marketing begins on a family property listing.
The scenarios can be many garden variety knee jerk reactions when Mom or Grammy, Nana decide it is time to sell the Maine lake cottage.
She does not enjoy coming up to the place she spent the last thirty years with her one and only partner for life.
The cost of repairs, property taxes and afraid of the place doing downhill is another reason a Maine real estate sale is best. The time has come but that does not mean all the children, inlaws, outlaws are on the same page.
As the Maine real estate agent, broker or REALTOR involved in the property sale, it can go easy peasy. The comparable listings for sale, the sold properties in recent months can be studied.
To determine what is the market value of this particular piece of real estate in Maine.
Then suggestions on fixing this, removing that to get the place ship shape for the marketing images, video are addressed.
Is owner financing the waterfront property possible?
Seller carried mortgages can increase the profit, quicken the sale.
What are the sale terms, conditions? What is staying, conveying in the Maine real estate sale?
And if realistically priced, aggressively marketed the Maine property listing sells without a long market delay.
That’s the best case scenario without getting into what happens on the way to the bank, etc. for the buyer of the Maine real estate.
Just looking at the seller’s side of the teeter totter in the list and sell process the focus of this blog post.
There are other times when here is comes. One son calls and is madder than a wet hen. My Dad promised that place to me and I am the only one that worked my tail off to keep the place from falling down around itself.
The rest of the family does not appreciate all I have done blah blah blah.
As the Maine real estate broker working for his mother, it becomes danger, thin ice. Careful what you say and to whom.
I listed with Mom, this son is upset and almost suggests she is off her meds. Lots of anger, the pretty picture dream of the place being handed over to him is not happening. I suggested to the mother during the listing at the kitchen table that is there anyway a family member or the group of them could swing the place? Put it in a trust, set up the rules of the community property use.
Mom smiles and says sell it for market value, get what it is worth and let the kids split the proceeds.
Buy their own camp and no friction of who is doing the work, how come so and so gets the fourth of July weekend this summer tension.
Or Mom needs the proceeds, has her own plans for the bottom line figure on the HUD-1 real estate closing statement signed at the closing. She needs to sell to pay off the mortgage on the Florida condo she now struggles with alone since losing her partner.
The local son or daughter of the owner who gets the most use of the Maine lake place also is the one that hooks up and disconnects the water to the place.
Often the enjoyment of the place on the waterfront is forgotten and just all the work done is focused on. To build a case the family should give me a deal or I should not have to pay anything for the place because of all I have done.
Another family member calls and where she lives in a city eight hours away that place would be worth four times the figure the Maine lake cottage is on the market for so what gives?
Market value explained as long as the quick call to Mom says go ahead, involve Susie. She means well and is out to protect Mama Bear. So the this is what properties are selling for, this is what is on the market competing for a buyer and this is what Mom wants to do in the approach to the real estate sale.
And you hope the one by one calls from the kids don’t stress out the owner of the property.
When a few in the group or the spouse they married turns up the volume.
On the what are you doing and why the sale when not all the family is on board with the timing, the price, the transfer even taking place.
Some of the kids think it is a horrible idea to sell but do none of the repairs, carry none of the load of the expense and not thinking what Mom needs or wants to do. The property represents lots of fond family memories. Can not, should not ever be sold is the sentiment.
Plus if Mother has remarried, the worry of that not so popular, gold digging new beau is behind all this gotta sell nonsense comes up.
In the don’t pull any punches family discussion and we have to do something about it. It’s not right, just not fair.
Sometimes the facts just the facts and what Mom has instructed me to do is something she has not fully dicussed with all the kids.
Other times they all know loud and clear what she wants and why. But letting go of the fun times on the Maine lake and accepting the father, Grandfather is gone, not coming back is a big part of the friction. Not liking what happens in life right on schedule. Ready or not in the Maine real estate sale.
207.532.6573 | [email protected] | MOOERS REALTY 69 North St Houlton ME 04730