By Kim Parmon, August 23, 2019
Losing a parent is awful. When my friend Darian’s mom passed away I could tell that he was overwhelmed and devastated. Beyond the emotional toll the loss took on him was the overwhelming task of settling her estate. There were just so many moving pieces. I could see that it was a lot.
Darian and his wife Maranda are interested in owning rental property. When the dust settled a bit they talked to me about selling his mom’s house. But was that really the right option for them? I knew they wanted a rental portfolio and it seemed like the numbers made sense for this property. Would they want to keep it? They decided to explore their options and see if it was feasible to do. I was glad to hear this. I’m less interested in selling real estate than I am in making sure people are making the right financial decisions for themselves. I wanted them to explore all of their options and be totally sure before putting the house on the market.
After taking stock of the estate as a whole the decision was made: they were going to sell. And so we did. After being on the market only a few short days we received multiple offers on the house and eventually closed at 12% over the asking price. As sad as I am that they weren’t able to keep this property to help them with their long term financial wellness plan I’m so happy that I was able to help them through this difficult time.
I know that no one likes to think about it but do you have a plan in place for your family? If you don’t have will, you should! Here’s a free place to do it.
Be well, my friends.
Kim Parmon
Principal Broker | Earth Advantage Certified | OR
She/Her
Kim Parmon Principal Broker Lead Listing Agent Earth Advantage Certified | OR kim@livingroomre.com Oregon is the fifth state that Kim has called home in her life, and this one is sticking! After moving multiple times in her childhood, Kim fully understands how empowering homeownership and having roots is...
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