How to deal with a seller who hoards

As much as 6% of the population is affected by hoarding

TRD NATIONAL /
Nov.November 10, 2018 12:00 PM

(Credit: iStock)

With as much as 6 percent of the U.S. population affected by hoarding, real estate brokers often have to navigate deals where a client is suffering from the disorder.

According to the Diagnostic and Statistical Manual of Mental Disorders, symptoms include “difficulty discarding or parting with possessions, regardless of their actual value” which “results in the accumulation of possessions that congest and clutter active living areas and substantially compromises their intended use.”

Rita Danielle Steele, principal broker-owner at Steele Realty Consultants International, said that in less severe cases, she’s given sellers extra time to go through their possessions with family members to gradually declutter the home. Other cases are more complicated.

“At its worst, while acting as a buyer’s agent, we dealt with a seller who became so destabilized by the prospect of their financially necessary move and separation from their belongings that they ultimately committed suicide,” Steele wrote in a column for Inman.

Steele recommends that brokers seek support from family members if possible. She also urges brokers to admit when they are in over their heads.

“Be prepared to acknowledge your own limitations before you jump into this type of transaction,” she wrote. [Inman] — Kathryn Brenzel


Related Articles

arrow_forward_ios
(Photo courtesy of Winkworth)

London’s so-called skinniest home hits the market

London’s so-called skinniest home hits the market
(iStock)

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Housing and Urban Development secretary Ben Carson (Getty; iStock)

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
The Real Deal's Amir Korangy, Fredrik Eklund and Louise Sunshine

Louise Sunshine and Fredrik Eklund hold court on selling luxury

Louise Sunshine and Fredrik Eklund hold court on selling luxury
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...