If you’ve recently inherited a house, you’re probably feeling pretty stressed out. From cleaning up the property to dealing with probate and other legal issues, you’ve got a lot on your plate.
If you have no clue where to start when it comes to selling an inherited house, keep reading. We’ve compiled our five best tips to make the process as straightforward as possible.
Work with Professionals
Selling an inherited house is stressful, and it’s easy to get overwhelmed trying to figure out where to start. This is especially true for inherited houses that come with a variety of extra legal hoops to jump through.
To make the process easier, find a team of professionals that you trust to help you. At the very least, you’ll need the following individuals:
- A real estate agent to help you get the house on the market
- A lawyer to help you through the probate process
- A tax specialist to help you figure out what you’ll owe from the house’s sale
Have it Appraised
One of the first things you’ll need to do is figure out how much your house is worth. Your real estate agent can give you an estimate, but an unbiased appraiser will give you the most reliable number. This is because an appraiser has nothing to gain from inflating the value of the house.
Don’t wait too long to have your house appraised. The real estate market changes quickly and you need to sell the house at its date-of-death value.
Consider Internal and External Improvements
If you’re looking to get more from the house than what your appraiser estimated, you’ll have to consider some internal and external improvements. Simple changes like a fresh coat of paint and landscaping can increase curb appeal and entice potential buyers.
Careful staging on the inside of the home can also make a world of difference when you’re selling an inherited house. Taking the time to stage the interior will make it easier for potential buyers to see themselves living there.
Keep it Secure
While you’re waiting for your house to sell, make sure that you keep it as secure as possible. An empty home invites break-ins and vandalism. Some things you can do to secure the house include:
- Invest in strong locks
- Park a car in the driveway
- Pull the blinds down at night
- Install timed or motion-activated lights around the property
Make Sure the House is Insured
Another step you can take to increase the security of your inherited house is to make sure the house is insured. Don’t assume that the previous owner’s insurance company will continue to protect the home after they’ve died.
Call the insurance company as soon as possible to let them know about the situation. Be sure to document that conversation for extra peace of mind.
Keep in mind that you may need to purchase extra coverage if the house remains vacant for more than 30 days. A vacant home comes with extra risks. In addition to possible burglaries or vandalism, small issues like water leaks can cause severe damage since they can go unnoticed for extended periods of time
Need Help Selling an Inherited House?
If you’re looking for professionals who can make selling an inherited house as simple as possible, contact us at Florida Cash Home Buyers today. We’ve closed over 500 transactions since 2011, and we’re here to help every step of the way!