Buying or Selling a Home/Buying a house

Advertisement


Question
My father is dying with cancer.  He wants to sell me his house.  I believe there is a small lien on it.  Can I buy the house and sell it a few days later to pay for his funeral bills and pay the lien at that time as well?

Answer
Hey, Lucy.

I'm sorry to hear about your dad.

If you know you don't want the house, then it's probably best for him to sell it now. Otherwise, you could have some extra taxes from his sale to you and then your sale after that. If he is not able to go through all the hassles with selling it, you can get a Power of Attorney.

Everything is really dependant on what state you're in.

Many attorneys and Realtors will give you a 30-minute free consultation. I would suggest doing that; choose the oldest, most experienced real estate attorney or Realtor you can find.

Buying or Selling a Home

All Answers


Answers by Expert:


Ask Experts

Volunteer


Russel Ray

Expertise

Through home inspections, I provide an education about real estate. I'm one of those rare home inspectors who has been involved in real estate in many different capacities: as a Realtor (in Texas), as a property investor/flipper, as a teacher, and as a marketing expert (for Realtors and home inspectors). I believe that my experience as a Realtor and property investor provides me with a different viewpoint about home inspections in that I work for my Clients, but when there are other people involved in helping my Clients, then I firmly believe in helping them, too. That includes Realtors (both the seller's and the buyer's), repair professionals (e.g., plumbers, electricians, etc.). If I can get all the players (seller, seller's Realtor, buyer, buyer's Realtor, and repair professionals) playing in the same sandbox together to accomplish goals as a TEAM (Together Everyone Accomplishes More), then I believe I have succeeded in my job as a home inspector. My profession is, in my opinion, much more than simply documenting the condition of a property and then take the money and run. I am also a rare breed in that I don't believe that one inspection fits the needs of all Clients, and I have led the industry in understanding that fact. For example, the goals of a property investor are far different than the goals of someone buying a property to live in. The goals of a seller (a pre-listing inspection) are far different than the goals of a buyer (a pre-purchase inspection). To that end, I offer 14 different types of inspections, e.g., STANDARD, LIST, RENTER, BASIC, MAINTENANCE, SPOT, and more. I believe in giving the benefit of the doubt to all professionals in whatever industry they represent until they prove me wrong.

Experience

Over 42 years in all aspects of real estate--building homes, renovating homes, inspecting homes, Realtor.

Organizations
National Association of Certified Home Inspector, Better Business Bureau of San Diego

Education/Credentials
Graduate of Texas A&M University; College Station, Texas

©2012 About.com, a part of The New York Times Company. All rights reserved.