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Aging Loved Ones and Estates - The Surrey Report - September 2019

We are noticing a trend of empty properties on the market where owners have either moved on into a retirement home or passed away. This brings up things that we don't all like to discuss, but we absolutely need to know about. To make sure you are better informed, Steve Karrasch sat down with Marylou Leslie of Macdonald Realty and they discussed some questions that most of us have, once we realize our parents or grandparents are getting on in years.

In this video, find out the answers to the following questions:

1. Should someone sell before or after moving into a retirement home?
2. Can I sign on behalf of my aging family member?
3. What happens to a property if one spouse passes away?
4. What is probate?
5. Who sells the home of someone who has passed away?
6. What happens if there is no will?

Of course and as always, if you have any further questions about this topic, please give us a call. We are always here to help, even if this move isn't the easiest.

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Benchmark Prices: (Surrey Combined)

Detached = $1,047,800 / 245 Sales
Townhomes = $567,800 / 183 Sales
Condos = $426,400 / 152 Sales

For the complete stats package, please visit http://www.fvreb.bc.ca/stats/