Have You Inherited A Home And Now Need To Sell It?

Most people know that when you inherit a house it can often be a bittersweet experience in several ways

. We may be mourning the loved one who has passed away, and in addition we start mourning our own sanity in the midst of family fights. Many disagreements can come up on the topic of how to sell a house. It seems that everybody has his or her own opinion, and that goes double when times tough. These days, the economic times are plenty stressful enough with adding more stress into the mix. However, after a death when a house must be sold, the process can generate even more stress for everyone in a difficult time.

At the risk of sounding rather morbid, the very best time to think about how to sell a house is before it becomes necessary to do so. Although it's not pleasant to think about, giving serious consideration to your sale long before you inherit a house can set the course to move forward whenever the time arrives. But sometimes other siblings can become very uncooperative in the process because they are offended by the idea of planning ahead for someone's death, even though it makes sense and shows mature, responsible asset management. Sometimes our own relatives don't agree about what needs to be done and when it needs to be done when selling your house.

Nobody should try to tell you what to do as regards your own family, but I say one thing for certain. Be sure to prepare in advance prepared and just keep your preparations to yourself if need be. Leave your brothers and sisters out of the loop of information you're gathering, especially if you expect them to have issues with your plans. Take notes when you speak with lawyers and other professionals, getting their advice and suggestions for a smooth sale when there are related sellers.

Now, this next suggestion may surprise you, but there is one thing I definitely would avoid doing. I would avoid speaking to a real estate agent in advance because that is guaranteed to get your siblings and/or their spouses on the offense. If you're expecting any disagreements, this may trigger them, in my experience when I need to sell my house.

I've taken note that most people have friends and of course we all have our own sphere of influence, so we know real estate agents and consider them to be friends. Since most of us want to do business with people we know, will apply to our siblings as well. This is the particular situation that can cause a disagreement when it's time to put an inherited house on the market because each heir will want to work with people they know personally in order to sell a house.

by: Leo Kingston

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