I was chatting with another associate in the office regarding one of her listings. She shared with me the frustration she is experiencing with a client who inherited a home and her challenges marketing it. The home has been vacant for a while and as it sits maintenance is deferred. She has asked them to have someone come out to look at the property and to get it cleaned up because its current condition is impacting the marketability of the home. Her final comment was, "People who inherit a home should get a home inspection right up front!" You know, she's right.
An advanced home inspection by parties who inherit and have never owned the home just makes sense. It makes disclosure easier and prepares the owner for issues they can address up front or adjust the price when selling "as-is". Sellers in any situation want to maximize their proceeds, and having a home inspection will give them needed information to prepare the home for maximum profit. It helps minimize suprises later on when the home does go to contract as well. Making the necessary improvements will provide leverage in price negotiation as well. So really what my associate said makes complete sense.
What do you suggest to your clients who inherit a home to prepare the home for market?
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