Even a regular sale or purchase of a property can be emotionally overwhelming. However, adding to the mix a property once owned by a family member who has recently passed makes for an emotionally-charged situation. The answers are not always easy, especially while grieving.
For starters, establishing the home’s value can help you decide whether to keep the property, sell the property, or rent the property. The best way to find the property’s estimated value is to have a professional appraisal done. An automated estimate online is different from an extensive market analysis. Computers do not buy homes; people do.
After appraisal takes place and you find out the home’s value, it would be in your best interest to seek a professional realtor who can share realistic selling or rental goals based on the current market. Especially if you decide to rent the property, please know how much it will take to maintain the property. Also, this is an excellent time to determine how much repairs are needed on the property. Often, homes need updating or minor repair work before listing the property.
I think the best way to move forward is to know your options, assess your choice’s financial consequences, and seek expert assistance navigating the process.