Eddie Van Buskirk • June 25, 2024
When you inherit a property, it can feel overwhelming, especially with companies aggressively marketing to buy "ugly houses." However, selling to these companies doesn't always solve the complex issues involved with an inherited property.
Here’s why the situation can feel “ugly” and how you can navigate it:
A quick cash offer might seem appealing due to the overwhelming nature of the task, but it doesn’t address underlying issues. The goal should be to handle the inheritance in a way that feels manageable and respectful.
Step 1: Identify What You and the Heirs Want to Keep
In most estates, there are heirlooms and keepsakes that the family will want to retain. Make sure these items are removed or marked to prevent accidental disposal. Items like dining room sets or other furniture that won’t be sold should also be identified.
Step 2: Evaluate the Property for an Estate Sale or Other Options
Let professionals assess the value of the property’s contents to determine the best course of action. If there’s enough value for an estate sale or auction, this can be a great way to have people pay you to take unwanted items. Estate sales have downsides, so consider options like a complete buyout, which also handles trash removal. While selling items individually on Facebook Marketplace or eBay might fetch higher prices, it’s often a slow and drawn-out process. Garage sales are generally not worth the effort.
Step 3: Handle the Remaining Items
After any sales, the remaining items need to be dealt with. Donation companies may pick up items, but this can take time and might not fit your timeline. Once donations are picked up, the rest needs to be thrown out. Companies like 1-800-GOT-JUNK can handle this but can be expensive. Alternatively, you can rent a dumpster and load it yourself, though this might require a lot of effort if the dumpster isn’t conveniently placed.
Donating and throwing things away should come last because families often mistakenly discard valuable items while keeping less valuable ones. It’s best to have an experienced professional determine what will sell and what can be discarded before starting the process. This approach ensures you get the most value from the belongings and minimizes unnecessary work.
Once all the stuff is out, you can focus on what should be done with the house.
Handling an inherited property doesn’t have to be a daunting burden. By following these steps and seeking professional help, you can manage the process effectively, honoring your loved one and transforming an overwhelming task into a manageable one. Your loved one intended their inheritance to be a blessing, not a burden.
Let us help you make it so. Give us a call 816-307-7163
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