How to handle an unexpected property inheritance
By Elliot Castle, CEO of We Buy Any Home
INHERITING a property can be hugely overwhelming. When you’ve lost a loved one, the last thing you want to think about is what to do with the home they’ve left behind.
Deciding what do to with the property can be stressful and daunting as there are a number of options available to beneficiaries of a home: you can rent out the property, live it in yourself or sell it.
If you are selling the property with joint inheritors you will need to agree who is going to manage the sale and agree the minimum price you will all accept.
When you are ready to proceed you then have two options: put the house on the market and sell through an estate agent or sell the property with a private buying company which can guarantee a quick and easy sale. If you prefer to put the house on the market with estate agents, you will need to prepare the property for sale – applying a fresh coat of paint and repairing any damage. It is important to choose your agent carefully to make sure you trust their valuation and desire to sell the home, and you are happy for them to enter the property and conduct viewings if you can’t be there yourself.