Your parents' home may be lovely, but that does not mean you have to live in it. If you inherit the home of your parents, you can keep the memories it holds, but sell it if you do not plan to live there. The money from the sale can be the down payment for the city loft or beach house of your dreams. Rather than hold on to a piece of property for sentimental value, a more practical solution is to turn it over into a piece of property you want.
Instructions
1. Ask family members and friends for the names and phone numbers of real estate agents. Talk to the neighbors of your deceased parents and inquire if there are local real estate agents who handle sales in the area. Write down the names and numbers of the agents.
2. Call the agents. Ask about their qualifications. Schedule an appointment with several to view the home. Set the appointments at least one hour apart on the same day.
3. Meet the agent at the home. Allow the agent to walk through the home. Answer questions the agent might have. Ask about the possible sales price with and without repairs. Write down any suggested repairs.
4. Contact the agent that you prefer. Sign a sales contract with the agent. Decide on which repairs to complete and which to give the buyer a credit for repairing themselves. Set an open house date and give the agent a key to the house. Request a lock box installation for the sale.
5. Remove all items from the home. Clean the house. Paint the walls. Prepare the yards. Complete all repairs before the open house.
6. Place a "For Sale" sign outside the house. Talk to the agent after the open house. Ask about the traffic and interest in the home.
7. Return all calls from the agent regarding potential offers. Accept a reasonable offer. Give a counter offer if the offer is too low. Negotiate the most favorable terms to you.
8. Sign and accept the offer once it meets your price. Complete all documents for the sale. Turn over the keys upon the completion of escrow.
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