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 with inherited property that you need to sell in Babylon, North Babylon, West Babylon, Deer Park, Brentwood, Bay Shore, Copiague, Lindenhurst, West Islip, Wheatley Heights, Wyandanch, you will need some tips to help you navigate the process.
Secure the Property
The first step when you want to sell your inherited property is to acquire the legal rights to sell it.
If your loved one had a will, it may clearly define the executor of the will as well as who hold rights to the property. If there are multiple people designated to inherit the property it can become a slippery slope to navigate. Good, effective communication will be especially important and once all property rights have been firmly established, the executor can petition the courts to sell the property.
Hire an Agent
The sale of any house requires hiring an experienced and qualified real estate professional. Inherited properties require a Certified Probate Real Estate Specialist who is experienced in this very specialized area of real estate sales.
A Certified Probate Real Estate Specialist will know how to assist you in dealing with the courts, have knowledge of the probate timeline as well as the resources that will be beneficial in effectively pricing and marketing the home.
Having the assistance of a specialist who is able to leverage knowledge of the industry to help you in the sale of the home will be one of the most important decisions you will make when it is time to sell the house.
Maintain the Property
Selling any home starts with a deep clean and decluttering process. It’s important to move all of the furniture to clean under and around every nook and cranny. Make sure all light bulbs and fixtures are working, check to make sure there is no leaking pipes, try and gather as much information as possible regarding the age of the roof, siding, windows, boiler, hot water heater, etc. Make sure to remove and store any family heirlooms, photographs, or other personal items before listing the house with an agent.
Next, turn your attention to the exterior by using a pressure washer, if needed to clean up the siding, gutters, and walkways to maximize that all-important curb appeal. If possible, address any areas that show wear and tear such as peeling paint and check all hand railings for sturdiness
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.
Market
Depending on the agent you chose to hire, they may choose to use the services of a professional photographer or interior decorator.
The photographer can provide a professional set of images for the property, 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 the house to draw qualified buyers to the property.
With the house on the market, you can assist in the sale by helping to get the word out about its availability. You can do this by linking the listing to 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 knows the house is for sale, the more interest will be generated.
Keep in Contact
A good agent will establish a contact plan that will keep you in the loop about the process of the sale. You will need to be aware of showings, open houses, offers, inspections and appraisals. Lean on your agent during this time as it will be important for you to work together to ensure the process runs smoothly.
I am an experienced, Certified Probate Real Estate Specialist, knowledgeable in the sale of residential real estate on Long Island.
Help to Sell Your Inherited Property in Babylon, North Babylon, West Babylon, Deer Park, Brentwood, Bay Shore, Copiague, Lindenhurst, West Islip, Wheatley Heights, Wyandanch
If you’re looking to sell your inherited property on Long Island and need a qualified, experienced real estate professional, contact us today at (631) 343-2405 Text/Call Cell (631) 357-4819!