It is not uncommon for buyers to purchase furnishings and other contents of a property, but this buyer did not. Just as they were about to hire one of the agents to list the condo, a building resident stepped forward and bought it directly from Chotin and her brother. The agents said pricing of the condo should be based on the sales price of other units in the building special features such as a private patio would contribute to sales appeal but not to the sales price. The wall oven was broken, so the sales contract would include an allowance for purchase of an exact replacement. Each said the condo should be offered as-is - no new carpeting or paint - because it was in good condition. Even if a residence is owned outright, with no mortgage, until it is sold the family must continue to cover any condo obligations and pay for insurance, utilities and other ongoing expenses.Ĭhotin and her brother asked around for recommendations of real estate agents knowledgeable about condo sales in the immediate area. Chotin's advice: Ask lots of questions at every stage along the way, so you will know your options and can make informed decisions.įirst on the agenda was selling the condo. Nevertheless, they still had the daunting task of selling the condo and figuring out how and where to dispose of all the contents that they and other relatives did not wish to keep.
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Another plus was that Chotin and her brother agreed on a course of action and worked well together. "She did everything right ahead of time," Chotin says. Some families simply talk it over in advance and agree on a plan for distribution of possessions.Ĭhotin's mother had both an RLT and a will, which simplified decision-making. Whether you need green materials or inorganic materials removed from your yard, call (612) 488-2365 for a fair price.Families may want to decide together who will become the owner of certain things, such as furniture, jewelry and keepsakes.
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