Ron Henderson - INHERITED - WILLS, TRUSTS AND REAL ESTATE : INHERITANCE STRATEGIES

the house is overdue for a paint job anyway. In inherited property situations, it may be better to consider a price concession to adjust for the cost of the new owner repainting. If your whole house does not need to be painted, a touch up might be all that is necessary. Paint the door while you’re at it. This is what visitors will see when they initially come in. Ensure that the mailbox, if outside, is attractive. Other exterior features such as the fence or garage door should be painted as well. Before someone buys a house, they usually get it professionally inspected. You might want to do this yourself. Have your inherited home inspected if you want it to sell; if there are no problems, you can use that as a selling feature. On the other hand, you may not be aware of certain problems that only an inspector can locate. An inspection is useful in that the inspector can tell you what repairs must/should be done prior to the sale. The inspector can tell you if there is roof damage, or perhaps if there are termites that need to be taken care of. It is in your interest to complete repairs that must be done prior to the sale, instead of being surprised at a future point.

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