Round up: My best articles on inherited homes and executor duties

By
Home Builder with The Flooring Girl

As many of you know, I've been doing a LOT of blogging and some of it as a ghost writer for some clients.  One of the biggest areas I've focused on is inherited houses, and so I've written a whole slew of articles to help people out...those that find themselves with an inherited home.

 

I know it's not a fun topic.  But, sooner or later most of us have to deal with this at some point in our life (or we have a friend who is going through this...or a potential client).  I worked really hard on these articles, and you'll see that many of them are epic articles with lots of details...because there is a lot of info to understand...and because when you are in this situation, you really have a LOT of questions and challenges ahead.  Some of these questions you know to ask...others you may learn the hard way.

 

So, I did a LOT of research on this topic, including interviewing my dad who was an estate attorney.  I poured my heart and soul into these (and yes, I shed a LOT of tears).  But, I figured that I was writing a guide to my future self, so I wrote it that way...to help me...and to help others who are going through this emotional loss.  It made me feel better that I'm helping people (even if I don't know who will read it).

 

So here are the articles I've written so far:

  • How to sell an inherited house to settle an estate.  This is a mega epic post.  I think it's over 6,000 words and walks people through the entire process from probate to closed sale.  It even includes info on taxes associated with inherited houses and inheritance taxes.

 

  • 18 Important Executor duties if you've inherited a house - Most executors don't have a legal degree and they find themselves thrown into the process of being an Executor.  Not only are there a lot or responsibilities that an Executor has (some obvious, some not obvious), but this happens during an emotional time when you're grieving for a loved one.  This outlines the key responsibilities that executors have.

 

  • The 8 Most Common Mistakes Made by Executors - this is the companion piece to Executor Duties and warns people about the most common mistakes Executors make.  Forewarned is forearmed, so I hope this helps newly appointed Executors to avoid this pitfalls and mistakes.

 

 

  • Next steps after a parent's death - Again, this is a very sad time and sad post.  When we are grieving, everything is even harder, so this provides some guidance on some of the immediate next steps that you should take.  It's meant to help make things easier and more efficient.

 

 

  • 17+ secret hiding places for money - The cleaning out process is not fun.  But, while you're cleaning things out, you may find some extra money.  This can really help in some cases, especially if the estate needs some funding.  This sometimes happens if you need to make repairs to the house so you can sell it.  I remember when we cleared out my grandmother's house, and I know this is going to sound so weird, but we found some extra money.  It made the process more enjoyable and comforting...like she was watching over us.  As it turns out, the amount of money we found came to exact amount of money for dinner (including tip) for 10 of us.  We also thought that was the coolest thing ever and wondered how she knew.  I've read articles online about others experiencing a similar catharsis.

 

  • Home Maintenance tasks for vacant houses - Vacant homes still need to be managed, and they are more susceptible to damages (of all sorts). This provides some overlooked steps (e.g. changing the insurance to a vacant home policy) as well as things that should be checked weekly and monthly - whether the house is on the market or just waiting there to get ready.

 

  • How much does it REALLY cost to let a house sit for 6 months?  When you have an inherited house that you want to sell, it takes time, especially here in NY where we are an attorney state, so things take longer.  On Long Island, the average time on market is 6.5 months.  But, don't forget there is time that the house may be sitting there before it hits the market - during the grieving process, during the cleaning out process and also the time to prepare the house for the market (may include sanding, painting, repairs, etc.)  That can add an extra 3 to 6+ months...and there is a COST to this.  We actually found that on Long Island, the average cost is around $20,000 for every 6 months of the house sitting there!

 

  • How to hold an estate sale - This is a guide on how to have an effective and safe estate sale.  These funds for the estate can be put towards repairs and improvements needed to prepare and sell a house.

 

While I don't want to have to go through this process, if you are in the middle of it, I hope that these articles do help you or your clients.  Feel free to bookmark this post for future reference, especially as you may have a friend who can use this info.

 

These are some (but not all) of the articles I have written for this client.  I have also blogged about other subjects for him as well.

 

And, BTW, I do offer blog coaching sessions as well as blog reviews, if you need that.

 

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Rainmaker
2,517,827
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Kathy Streib I finally got this done.

Dec 07, 2017 02:46 PM #1
Ambassador
1,396,591
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Good grief, Debbie. You have turned into a blogging machine. Seriously, your expertise in amazing. Great job. D 

Dec 07, 2017 02:55 PM #2
Ambassador
2,845,044
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Northern VA

Wow. That's a lot of good stuff for reference.  Thank you so much for sharing it.

Dec 07, 2017 03:03 PM #3
Rainmaker
2,517,827
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Debb - I've learned a lot on this topic.

Chris Ann - Thx and you're welcome.

Dec 07, 2017 03:46 PM #4
Rainer
236,079
Anthony Vosilla
Tony's Appraisal Services - Centereach, NY

Good information in the linked blogs.  However when it comes to getting an appraisal for the property you say that for most properties you say that you can use a real estate broker or an appraiser.  If any one or the heirs involved decides that they wish to go to court over the value of the house an appraisal by a Certified Appraiser will stand up better than a MV by a broker.  Depending upon the situation a retroactive appraisal may also be needed.  

Dec 07, 2017 05:54 PM #5
Rainmaker
1,890,117
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

I get a lot of hits on my blogs about Living Trusts. I do a few probates here and there but not nearly as many as working with trustees.

Dec 07, 2017 07:15 PM #6
Rainer
8,794
Tyra Hatcher Mitchell
Alliance Realty - Portland, ME
Southern Maine Realtor

Thank you for covering such a difficult but important topic! 

Dec 07, 2017 07:45 PM #7
Rainmaker
2,517,827
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

You're welcome, Tyra.

Dec 08, 2017 02:25 AM #8
Rainmaker
1,033,409
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

This is an incredible amount of valuable information!  Your links are amazing.  Readers will learn something  from every article and be better prepared to handle estate related issues.

Dec 08, 2017 08:12 AM #9
Rainmaker
286,948
John Wiley
Jones & Co. Realty - Fort Myers, FL
Lee County, FL Real Estate GRI, SRES,GREEN,PSA

Debbie, you shine at blogging.

What a wealth of information you have shared on a topic that is not easy to cover.

Thanks

Dec 09, 2017 08:15 AM #10
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