Liquidating Assets to Qualify for Medicaid
If you are looking to get Medicaid, you are going to need to lower your assets in order to qualify. One of the biggest assets you have is most likely your house. If you are able to sell your home this will take away your mortgage, and removing your mortgage is a big asset to have to disappear; allowing you to be one step closer to qualifying for Medicaid. Selling your home can be a difficult decision but it will also help relieve a lot of stress when it comes to your healthcare.
So now that you have made the decision to sell your home it is time to figure out the best approach to do so. You have different options when selling your home whether you sell by owner, or through a real estate agent. There are pros and cons to both so which method should you use? Keep in mind that when you are trying to qualify for Medicaid it is important to do so the first time so selling your home quickly can be key.
Selling Your Home On Your Own
Selling your home by yourself gets the best return but takes the longest time. You don’t have to pay a percentage of your home to a realtor. This will save you a lot of money but it is hard to find an interested buyer. Finding a potential buyer is hard to do without the home being listed on the market. If you don’t have the resources to advertise your home it can be a very lengthy process finding the right buyer.
Using a Real Estate Agent
Using a real estate agent can cost a lot of money and they make you do things that at your age, you may not want to do. They may require you to do repairs and renovations and those can be very expensive and not worth the return. You also will have to pay a lot more money for labor if you are not physically able to do these renovations.
Sell Your Home to Us
If you are feeling frustrated with the reality of these two options don’t panic quite yet. There is one more option that you may never have heard of. Selling your home to a cash buyer. What is a cash buyer? Cash buyers purchase your home as is so that you don’t have to make any repairs or finding the buyer. We don’t charge high realtor fees either. Keep the extra money you make and sell your house in seven days. Pro Source Home Buyers can give you a cash offer and free you from your home in a short seven days. No need to wait for your home to be sold to liquidate your assets. Sell to us and we will help make your desires a reality. No need to wait months for your home to be sold. We want to help you sell your home fast so that you can get that much closer to qualifying for Medicaid.
For more questions call us at 865-268-4537. We would love to help you feel more comfortable and walk you through this simple process. We look forward to hearing from you.