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What To Do When You Inherit a Home

Inheriting a Home

Before you think about sellingan inherited property, there are things you can do to get ready. A step-by-step approach helps you avoid spending too much money or waiting too long before you take action.

Our real estate agents have consulted many clients who wantadvice after inheriting a home. While it's true most inherited homes eventually go on the market, it's important to take your time and make an informed decision.

Here's how you can make the most of your time and make the best choices:

  1. Cancel (Most) Recurring Bills Relating to the Home
    First things first, it's crucial to minimize the amount you pay to maintain the property. You can start by cutting out things like the internet that won't get any use while a home is vacant. If possible, leave the electricity and water running – these make it easier to show the home to buyers in its best light. If you have a security system, keep it running so the home will be protected.
  2. Remove, Auction, or Donate All Items in the Home
    Packing up everything inside of a home is a big job. Start by going through each room to find the items with real sentimental or monetary value. From there, call in experts to perform an estate sale. They will auction consumer goods, decor, and antiques for a portion of the proceeds. Be sure the contract stipulates they will handle the donation of any unsold items.
  3. Contact a Real Estate Agent You Can Trust
    It's time to get your favorite local real estate agent involved in your decision-making. He or she will give you vital insights on the local housing market, so you understand what to expect if you decide to sell. It's also a good idea to ask an agent about the most recent home trends so you can bring the property up to date.
  4. Perform Any Necessary Maintenance and Upgrades
    Depending on a home's age and how it has been maintained, it might need substantial work. These days, buyers will shy away from properties that have issues with the roof, foundation, electric, or septic systems. In addition to these priority repairs, consider refurbishing the home within your budget. A little lawn maintenance and a new paint job can go a long way.
  5. Compare Your Options for the Home and Decide
    In addition to selling, you have the option of renting out the home or deciding to move in yourself. If the home meets your needs and falls within your budget, moving is a good fit, but you'll still end up with one property to list. If you're interested in renting, be sure to explore the topic in-depth to understand your legal obligations.

Decided to Sell? The Masiello Group Can Help You Make Your Move

No matter what you choose, this approach will help you move forward with confidence. If it's time to sell after all, then the experienced team at The Masiello Group can help you do it right.

When we list your home, our goal is to get you to closing for the best price quickly and easily. Throughout the process, we support you with the best customer service around.

Contact us to find out more or get started. We look forward to helping you soon.

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