We have an opportunity to sell our home back to our real estate agent. She helped us buy our home a little over two years ago and she helped us a great deal. Our financial situation has gone steadily downhill since my husband was diagnosed with dementia right after we moved in. He was barely able to participate in the paperwork for the purchase and I have had to invoke the POA with two of his doctors providing letters. As the signing of the sale has now arrived, he cannot even remember our meeting with her two days ago. I had him sit at the table just in case he had questions as she went over the document. It is a really wonderful "deal" for us as she is not requiring inspections and is paying the HOA transfer fee, is not requiring repairs, as well as saving us any commission costs, and allowing us to remain in the home for 90 days after the close of escrow so that we will have time to find a rental home or apartment. And we will not be paying her. She is doing this so that we will have up front money for our move. Yes we could possibly get more money for our home on the open market, but it is truly on the low end of the spectrum in terms of extras or landscaping -very minimal and not very attractive, but was barely what we could afford at the time and cannot afford to make improvements. With the new tax assessment and the growing medical expenses, we could easily have had to either short sell or declare bankruptcy by the end of the year. This is the best thing we could have found in our situation. We can finally get our car fixed and pay off some smaller bills, and "breathe" for a change. And so, is there any way, should my husband begin to obsess and have his usual paranoia about this, that he can prevent this sale? I have discussed it all with his family and they are in full support of it as well.
God bless you and your family on this difficult journey.