Once you have cleared out your parents’ home, preparing it for sale involves several key steps. The process is like selling any other home, but requires additional consideration given the circumstances.

Complete Basic Home Preparations

Start by giving the house a thorough cleaning inside and out. Decide whether to invest ...

In the realm of real estate transactions, the once-familiar "settlement statement" has evolved into what is now referred to as a "closing disclosure." However, the older term is still used in some circles, so it is essential to be acquainted with both as you navigate your mortgage loan closing. A ...

Once you have addressed the legal and financial matters related to selling your parents' home, the next step is sorting through and distributing their personal belongings before listing the property for sale. This process is more complex than a typical decluttering because it involves honoring their wishes and managing sentimental ...

When selling a home you've inherited from your parents, it's important to understand the tax implications involved. The government expects a share of any income generated, including proceeds from selling your deceased parents’ home.

“Potential tax implications include capital gains and estate taxes, which can be significant. Don’t ...

Selling a property in probate is a complex process that requires careful planning and preparation. One of the most critical factors in securing a successful sale is ensuring that the property qualifies for financing. By making the property eligible for various financing options, you can significantly expand your pool of ...

If your parents' home will remain vacant until it is sold, it's crucial to review the current home insurance policy and ensure the property is secured. A vacant home faces increased risks, such as break-ins and vandalism, and most standard insurance policies will not cover this damage unless you ...

Inheriting your parents' home also means inheriting the financial responsibilities tied to the property, including any outstanding debts and ongoing bills. If these financial matters are not managed early, they can complicate the process of selling the house.

Address the Financials Early

"Figuring out the financials of the house needs ...

Experiencing disappointment and frustration after an expired listing without a successful sale is a common sentiment. Naturally, you may find yourself pondering the reasons behind this outcome. Here are three crucial considerations to ponder as you contemplate your next steps.

1. Access Matters:

One significant error when selling a house ...

Selling your parents’ home after their passing can be an emotional and complex process, especially when navigating the legal and financial aspects of an inherited property. One crucial step in this journey is hiring the right real estate agent. Selecting an agent that all heirs both like and trust is ...

Are you contemplating the sale of your home as a For Sale by Owner (FSBO)? Before you take the plunge, it's crucial to acknowledge that the process demands far more time and expertise than you might initially assume. Although the notion of handling it solo may be enticing, it ...