discord and disharmony.
Selling an inherited home is not the same as other real estate transactions. Where there is more than one owner of an inherited home, there can be conflict over the appropriate pricing and marketing strategy for the home, even if there is agreement regarding the actual sale. Oftentimes, the sellers not only have to deal with the sale of the house, but are mourning the deceased and at the same time trying to figure out how best to handle the estate. They are going through a difficult period and must try to make practical, objective decisions anyway, which rarely comes easy and often takes a fair amount of time. Still, as attorney John Kopp—who recently sold his deceased mother-in-law’s and mother’s homes—said, “it is not a bad idea to swiftly sell inherited properties. Making a quick decision on an estate property early is always better than later because of the carrying charges you have.” Maintenance costs and taxes on the property continue to add up and when there is an unoccupied or empty property, there is the additional expense of special vacant home insurance that must be paid for by the owners. This will require substantial financial endurance for as long as the will is probated and until the official naming of the executor completed. This can be a tedious process. It is recommended that the heirs of inherited properties retain a lawyer who is familiar with both real estate law and estates in general. The process of searching for this lawyer and the expenses involved can be stressful, but if there is no such estate lawyer to stand as a representative for the inheritor, expensive legal mistakes are far more likely, and may prove far more costly as well. In many circumstances, inherited houses have problems, as they have been lived in for a long time and maintenance may have been neglected. Elderly homeowners do not always maintain their homes. A home that was pristine when your parents moved
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