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What to Do With an Inherited House
Inheriting real estate can create both an asset and a responsibility.
For Owners
Need to Sell a House or Property?
The house may need maintenance.
01Insurance and property taxes continue.
02Personal belongings may still be inside.
03Several heirs may be involved.
04And the property may be located far from where the heirs live.
05Checklist
Before Selling an Inherited Property
Before agreeing to sell, determine:
- 01Who legally owns the property?
- 02Is an estate or probate proceeding required?
- 03Are there mortgages, liens or unpaid taxes?
- 04Do multiple heirs have an ownership interest?
- 05Is anyone currently living in the property?
- 06Does the property need repairs?
A qualified Alabama attorney or other appropriate professional can help answer legal questions concerning title, probate or ownership.
Next Step
Once You're Ready to Sell
An inherited property can generally be sold through the traditional real estate market or directly to a purchaser.
Wiregrass Homes evaluates inherited residential property throughout selected portions of our service area.
Have a Property You'd Like Us to Look At?
Start by telling us a little about it.
It only takes a few minutes, and there is no obligation simply for submitting your property.