Inheriting a house from a loved one can be a wonderful gift and a challenging situation to navigate all at the same time. Depending on the circumstances, you may have a few options on what you can do with the home, such as move into it, rent it out, or sell it.
One of the more common choices for beneficiaries is to move into an inherited home and sell the property they’ve been living in. In other cases, if you inherit a home you may choose to rent the home out as a source of income. Or you can hold an estate sale to sell off unneeded items before selling the home itself. If you’re planning on selling an inherited house, this guide can help you avoid the usual pitfalls and obstacles that can cost money, prolong the process, and add to your frustration.
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