Tragedy and loss are a part of everyday life, and it’s common for a loved one to relinquish property rights to their next of kin in the event of their passing. If you have recently found yourself in the midst of needing to learn how to sell your inherited property in Riverside, we have some tips to help you along the way.
Secure the Property
The first step when you want to sell your inherited property is to acquire the legal rights to it.
If your loved one had a will, it may clearly define who owns the property. There is a chance that your ownership in the property will be split across multiple individuals. In this case, everything may require some discussion before any final decisions can be made.
Once all property rights have been firmly established, only then can you and any other owners move onward with the sale of the home.
Hire an Agent
While we would usually suggest hiring an experienced and qualified real estate professional, these circumstances make it even more important.
An agent will have the market knowledge to price the home appropriately and the resources to help market it effectively. We recommend meeting with three agents to get an idea of your comfort level with each agent, the way they would plan to market and sell the property and ask any lingering questions you may have.
Having the assistance of an agent from day one will allow you to thoroughly leverage their time in the industry to make the property stand out next to the competition.
Maintain the Property
Selling any home starts with a deep clean and decluttering process. In this case, you may be planning to sell your inherited property along with any furniture as-is.
If this is the case, it’s important to move all of the furniture to clean under and around every nook and cranny. Make sure to remove and store any family heirlooms, photographs, or other personal items.
Turning your attention to the exterior by using a pressure washer to clean up the siding, gutters, and walkways will help to maximize that all-important curb appeal.
Once all of this is done, make sure you keep the entire house looking as spectacular as possible up until closing. You don’t want to spend all of that time and effort upfront only to slowly let things deteriorate and become less appealing to potential buyers.
Depending on the agent you chose to hire, they may have a professional photographer or interior decorator that can help out with selling the property.
The photographer can provide a professional set of images for your listing, while a decorator can assist with optimizing the appeal and style of the property. Your agent will handle creating a stellar listing that highlights the strengths of your for-sale property.
With your listing active, there’s a bit you can do in order to help get the word out even further.
Link to your listing on any social media platforms you regularly use, share it with your friends, and ask that any friends and family share the post with their friends. The more people who see your listing, the more interest will be generated.
Keep in Contact
As the property listing goes live, it’s then up to you and your agent to stay in contact on a regular basis.
Be sure to check in with your agent every once in a while if you haven’t heard from them, but they will contact you in the event of any showings, open houses, or offers.
Once those offers begin coming in, go over every little detail of the offer with your agent in order to fully understand what the offer truly contains.