Are you the recipient of a house from a deceased hoarder loved one? Don’t feel discouraged. Marc Cormier, a highly experienced probate realtor, shows hoarder house heirs how to double their inheritance’s sale price—no matter how dilapidated they look.
The reality is that not all inheritances are a boon. There are times when the heir is left not only with the departed's assets but also their liabilities, such as in the case of inherited hoarder houses.
Disposing of hoarder houses is not as easy as your average real estate deals, which is why Marc Cormier of Berkshire Hathaway Pen Fed Realty has created resources to inform inheritors about the sale options available to them.
Mr. Cormier is an experienced probate realtor specializing in the Maryland and Virginia markets. His accomplishments in the field have earned him a number of distinctions, including Certified Distressed Property Expert and Certified Short Sales Expert, among many others.
If you're always on the losing end of negotiations with buyers, Mr. Cormier is the perfect person to take advice from.
Access his expert resources for free at https://www.youtube.com/watch?v=NZiEgttc_hQ&ab_channel=MarcCormier.
"We have to understand first that hoarding is a mental health condition, where the sufferer is unable to part with even the most mundane items, such as newspapers, magazines, clothing, household goods, food containers, and even trash," Mr. Cormier said. "This condition, in turn, turns the hoarder's house into a place that poses serious health and safety risks."
He added that excessive clutter can lead to fire hazards, structural damage, poor air quality, pest infestations, and increased risk of falls or injuries. "It's quite obvious why the state of these types of houses makes them unattractive to buyers in the market, which means that negotiations will almost always not favor the one selling the property."
In his resources, Mr. Cormier shows how heirs to hoarder houses can increase the sale price by over $100,000. The approach entails implementing a full-house renovation that factors into the final sale price, thus generating a guaranteed profit for you.
Mr. Cormier has also added a real example of a project his team handled in Washington, DC, where a hoarder house was receiving cash offers that only ranged from $190,000 to $235,000. After managing its renovation and advertising to potential buyers, Mr. Cormier was able to bring up the price to $473,500.
But, of course, all this sounds easy until it's your turn to negotiate the renovation cost with the contractor. If you're the busy type who doesn't want to get involved with this process and just wants to dispose of the property ASAP, Mr. Cormier can take over for you.
“We are a full-service real estate and design firm. We do as much or as little as you, the client requires,” Mr. Cormier said in a statement. “From clearing a property of trash to designing kitchens and selecting paint colors, our goal is always to maximize your sales price.”
Don't settle for the first offer you receive. Hoarder houses are not hopeless houses!
Watch Mr. Cormier's presentation at https://www.youtube.com/watch?v=NZiEgttc_hQ&ab_channel=MarcCormier and learn proven ways to double that offer and get the sale price your property deserves.
