Eddie Van Buskirk • June 19, 2024
Inheriting a property can be both a blessing and a daunting challenge. If you're feeling overwhelmed with the thought of what to do first, you're not alone. The amount of "stuff" left behind can be substantial, even if it's neatly organized.
The task may seem impossible for those dealing with hoarding or an extraordinary accumulation of belongings. Here's a step-by-step guide to help you navigate this process with ease and confidence.
New ParagraphBegin by identifying heirlooms and keepsakes that the family wishes to retain. Ensure these items are removed and safeguarded from accidental disposal. Mark or set aside any larger items, such as furniture, that the family wants to keep but won't be sold.
It's also wise to create an inventory list of these items for clarity and to avoid any future disputes among heirs.
Have professionals assess the remaining items to determine if an estate sale, auction, or estate buyout is viable. Estate sales can be lucrative, but they come with their own set of challenges. Estate sales can be lucrative, but they come with their own set of challenges. CLICK HERE to see if it’s a good fit.
We often recommend estate buyouts as they include the removal of unwanted items, including trash. Selling items on platforms like Facebook Marketplace or eBay can yield higher returns but is time-consuming. Avoid garage sales—they rarely justify the effort. Additionally, consulting with multiple estate sale companies can give you a better understanding of the potential value of the items and the costs involved.
After any sales, you’ll need to dispose of what's left. Some donation companies will pick up items, but scheduling can be a month-long process. If time is of the essence, consider hiring a junk removal service like 1-800-GOT-JUNK, though they can be expensive. Alternatively, renting a dumpster and handling the disposal yourself can be more cost-effective, albeit labor-intensive.
It's also important to check local regulations and availability for dumpster rentals and junk removal services to ensure a smooth process.
*Important Tip* Avoid Premature Disposal
Families often rush to discard items, inadvertently throwing away valuable goods while keeping items with little to no value. Consult with a professional to differentiate between what's worth selling and what's best disposed of.
Once the belongings are handled, you can move on to preparing the house itself for sale or other purposes.
Navigating the process of managing an inherited property doesn't have to be overwhelming. By following these steps and utilizing professional services, you can maximize the value of the estate while minimizing stress and effort. At KC Legacy Properties, we're here to help you every step of the way, ensuring a smooth and profitable transition. Give us a call today 816-307-7163. "Because your inheritance should be a blessing and not a burden"
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