Need To Sell a House to Receive Medicare of Medicaid Benefits

Need To Sell a House to Receive Medicare of Medicaid Benefits
Video Transcription

Do you have a family member that has a house that they need to sell in order to get benefits from Medicare, Medicaid?

My name is Ben Souchek and I’m with Home Downsizing Solutions and one of the items that we run into from time to time from home sellers that contact us, is where they have a family member that is either in an assisted living or nursing home community and they have a house or other property that they need to sell and liquidate in order to get the benefits from Medicare or Medicaid. And we have worked with numerous situations like that.

The benefits that we can provide to home sellers or families in that circumstance, is that when we buy the house, obviously you don’t have to worry about listing the property at all.

You don’t have to worry about having who knows who coming through your house or knowing that you have a vacant house sitting there.

You don’t have to worry about doing any improvements, repairs or maintenance to the house to get it sale ready. We buy it as is.

You don’t have to worry about any of the items that come with a traditional listing such as preparing the house for sale.

You don’t have to worry about a buyer or potential buyer that wants to do a whole house inspection. That typically always turns up some kind of deficiencies so that the buyer has an opportunity to renegotiate the agreement that they make, as well as having an appraisal done for the lender that can turn up deficiencies that give the buyer a opportunity to renegotiate an agreement.

We buy with cash and we can close very quickly. We don’t have to have any approval from a lender as a traditional buyer would. And we can make the process happen very quickly.

One of the things we run into is when a family member says that for Medicare or Medicaid, they have to sell the property for market value. And we have worked numerous times with this where we can provide, or the agents that we work with can provide valuations and comparables for the area. And letters and statements so that the cost for the transaction costs, when we pay the transaction costs and closing costs, can be accounted for.

We can document why our offers, whatever that would be, is actually a competitive market value that you can take to them and show them that you are selling the house for an acceptable amount.

So if you have a circumstance like this and we can be of service to you, please give us a call at (855)-291-5005 or go to www.homedownsizingsolutions.com and I’d be happy to assist you in any way that we can. Thank you.

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