How to Help Seniors Declutter

Your senior will have accumulated a lifetime of belongings - some pieces stir deep memories while others don’t but they want to keep them.  There is a theory called the "endowment effect" that suggests we place more value on items once we claim ownership of them.  So all the things you "own" have more value to you and it is harder to get rid of.  To help Seniors, or anyone, for that matter declutter, here are a few tips.

Mobility 

Reducing clutter can create more space and reduce the probability of dangerous falls, or tripping incidents that lead to a loss of mobility. In other cases, decluttering can be helpful to you if you are experiencing limited mobility allowing for easier movement throughout the home. This is one way to let seniors know why they are "decluttering".  

Be Empathetic

Seniors are especially fond of items they have collected over time, again the "endowment effect".  It is hard for them to know that they are parting with the past and that a change is coming.  Be patient and keep the senior involved with the process.  Make sure that the care and concern for their wellbeing are being prioritized. 

Create Four Categories 

• Sale
• Donate/gift
• Discard
• Create a room/space for paperwork or items you need to go through
• Discard any worn bedding, clothing, or towels

Take One Room At A Time

By decluttering room-by-room, this can make the task less daunting, especially with a uniform process for each room.  You might consider starting with a room that is less cluttered.  You and the senior will see more progress and the next room will seem less overwhelming to them.

• Use boxes, bags, or baskets for sorting items
• Be sure to donate or sell clothing you have not worn in the past year
• Any items in a storage unit should be discarded or sold

How To Determine If An Item Is Valuable

• Check for distinctive markings
• Research items similarly made online
• Research the artist or manufacturer who created the item
• If you aren't sure, consult an expert

This is a time in seniors lives when they might possibly need some counseling.  Don't hesitate to bring in an Elder Therapist to help with the transition.  The Office On Aging in Larimer County is a great resource for help.

5 Things You Need To Know To Sell Your Probate Acquired Property!

Selling a Probate Acquired property has many challenges that are different from your normal real estate sale. here are 5 things you need to know to sell a home you have acquired in a probate/estate

1. vacant homes

Homes that are vacant for more than 30 days are not covered by standard homeowner policies.  This is a major issue and one that most Personal Representative or real estate agents are not aware of.  Since most families have 80% of their assets in their home, an uninsured tragedy could be devastating emotionally and financially.  Although a Vacant Home Policy is more expensive than a traditional home policy, isn't it worth it to have the asset covered?  We are able to help you find an insurance agent that can solve this problem with a Vacant House policy – month to month.  

2. CLEAN OUT

Many Heirs and Personal Representatives live out of the area. When there is real estate in the estate, the family usually come and take the family heirlooms but are left with an entire home full of contents that they have no idea what to do with. We call this “Probate Quicksand”.  this is one of the biggest challenges when selling a probate home.  Our clean out crews will dispose of the rest – if that is the families wishes. If necessary we have contractors and handyman services to fix up any needed items, pressure wash and clean the home up in order to get the maximum dollars in the sale. Since we are a Probate Resource we can handle most necessary home challenges. It could take weeks/months to find a responsible crew to do this work.  With an out of town Personal Representative, this could take even longer. Many of the people we help never even leave their home and we never meet them. they can stay home and tend to their family and jobs while we do the work.

3. KEEP PROPERTY MAINTAINED

Now you have two homes or three homes or ???  Homes deteriorate when not occupied, so the sooner you decide what to do with this asset the better.  How will you get the yard work done and keep up with maintenance?  We have people who can assist you in maintaining the home.  We are just a call away.

4. OPTIONS FOR THE SALE

You have three options for selling the property.  A. You can sell to a flipper/wholesaler for 70 cents on the dollar. The advantages to this are they buy it "as is".  We have investors who are interested in these type homes.   B. Place it on the open market for market value.  This is usually done by a licensed realtor.  In our current Colorado market, this process usually takes 30-45 days. If repairs are needed, we have a vast group of individuals who can make these necessary repairs.  We have had over 20 yrs selling real estate assets and can help you with this process. or  C. Sell it yourself.  Typically this takes a lot of time that most Personal Representatives don't have.  D.  What if the remaining spouse needs to be removed from the home to a safer environment.  We have a team of people that we can refer you to for help with this matter too.  

5. OPTIONS FOR THE PROCEEDS

After the sale of the assets, the proceeds need to be divided amongst the heirs.  If there are positive proceeds left then it's time to decide what to do with that money.  Will you invest in an investment property to generate further income?  Will you invest the money in stocks, bonds, etc?  A financial planner might be an option.  We have a list of financial planners we work with that can help with this.  Or, if you plan on buying real estate then we can assist you in what type of property to purchase.  It might be a residential property, commercial entity, luxury home, second home, vacation home, townhome, etc.  We have been involved in all of these type transactions and have been selling real estate for 20 years.  

FREE SERVICE So as you can see we have a lot of people on our team that can help you.  Why go it alone?  With so many options at our fingertips and our service is FREE, why do it yourself. 

CALL US TODAY AND LET’S GET STARTED  OR CHECK OUT OUR WEBSITE FOR FURTHER INFORMATION ABOUT WHAT WE DO

www.turnkeyrealtyco/com/probate       970-672-6069     margaret@turnkeyrealtyco.com