A guide for families

You did not plan to sell this house

Maybe a parent passed, and the family home is yours to handle now. Maybe the house you raised everyone in simply got bigger than your life. Either way, nothing has to be decided today. A house is patient. The good outcomes here come from sequence, not speed, and this guide walks the sequence.

OneThe first thirty days, before you list anything

The instinct is to rush, or to freeze. Neither serves you. Here is what actually has to happen early, and what can wait.

Can wait: repairs, clear-outs, staging, pricing, choosing a list date. None of this is urgent in week one.

Worth starting now: confirming how the home is held, which decides when you are even allowed to sell, and locating the documents that prove it. That is the one thread that, left late, delays everything else.

TwoHow the home is held, and why it sets the clock

How a property passes to you decides your timeline more than the market does.

You will want an estate or trust attorney to confirm which of these you are in. I work alongside them often and can introduce you to people who are genuinely good with families. My role is to make their job, and yours, simpler.

ThreeThe two tax questions to ask before you list

You do not need to become an expert. You need to ask your CPA two things, early, because the answers can shape your timing.

Timing is a lever, and you want your CPA's read before you make moves, not after.

FourPreparing a home no one lives in

This is the part families dread, and the part where the right help changes everything. An occupied home sells itself a little. An empty family home, full of decades of belongings, does not. It needs clearing, light repair, and presentation, and the people who inherited it usually have neither the time nor the heart to manage contractors from out of town.

This is what my Home Refresh program is built for. We handle the prep end to end: the clear-out, the trades, the staging, the photography, on a single timeline, so you are not flying in to meet a painter. You approve the plan. We carry it. The home goes to market looking like the best version of itself, which is also the version that sells strongest. For an inherited or long-held home, this is the single highest-return decision you will make.

FiveSelling quietly, if that is what the family wants

Not every family wants a sign in the yard and the neighbors comparing notes. For these situations there is a quieter path: a pre-market or off-market sale, where the home is shown discreetly to qualified buyers before, or instead of, a public listing. It is not right for every home. When privacy matters to a family, it is worth knowing the option exists, and the Peninsula's buyer pool is deep enough to make it real.

SixWhat you actually walk away with

Most sellers fixate on the list price. What matters is the net: price, minus the cost of getting to market, minus what is owed, after the tax picture you confirmed earlier.

If the home was a rental rather than a residence, a 1031 exchange may let you defer gains by reinvesting. That is a different road, and I keep a separate guide for it. For a family residence you are selling, the step-up basis conversation usually matters more. The reason to map the net early is freedom: when you know the real number, the decisions that felt heavy get lighter, because they are finally concrete.

When the family is ready to talk, it starts with one conversation, no preparation needed on your end. I will tell you plainly where things stand and what the steady path looks like from there.

Lisa M. Lum · Coldwell Banker Realty
For Peninsula families

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Lisa M. Lum, Realtor®, Coldwell Banker Realty, Menlo Park. DRE #02005150. 650.668.1868. This guide is general information, not legal or tax advice. Confirm your specifics with a qualified attorney and CPA.