3 – Proud powers of attorney
Selling a childhood home is hard enough, but selling a childhood home after one’s parents have passed away or moved into a nursing home is even harder.
“When we’ve got a house that’s been in the family a long time and the baby boomers have to handle it, they can’t,” Lebow says. “It’s not a house anymore; it’s a shrine to their childhood.”
Add to that a sibling who, as Lebow says, “can’t handle the emotional aspect” of selling the home, and the fear of telling a parent that this nursing home is now their only home, and you’ve got one tricky sale on your hands.
This type of client knows what has to be done, but getting it done is certainly going to be a challenge.
“They have to be dragged through the process,” Lebow says.