7 Inherited Real Estate Mistakes, That Could Cost You Thousands!!!

If you’re selling a house you inherited — slow your roll. This isn’t like selling any other property.

Here are 7 major mistakes people make (and how to avoid them):

❌ 1. Skipping Probate

You can’t sell what you don’t legally own. Trying to list or rent the property without probate can lead to lawsuits or failed escrows.

❌ 2. Assuming the Will Is Enough

A will isn’t a magic pass. The court still needs to approve the transfer of property through probate unless you set up a trust before death.

❌ 3. Pricing It Based on Emotion

Just because it was “grandma’s dream home” doesn’t mean it’s worth top dollar. Emotional value ≠ market value. Buyers see wallpaper, not memories.

❌ 4. Not Cleaning It Out First

First impressions matter. If buyers walk in and it still smells like mothballs and has shag carpet from 1974, you’ll lose them. Declutter and clean before you list.

❌ 5. Ignoring Taxes and Capital Gains

Selling too soon after the person passes could trigger unexpected taxes — or make you miss out on a capital gains exemption. Know the timing before you act.

❌ 6. Trying to DIY the Whole Process

You don’t have to hire a lawyer for everything — but having a team (agent, probate attorney, maybe a CPA) can save you way more than it costs.

❌ 7. Letting Family Drama Delay the Sale

If there are multiple heirs, you need consensus — and sometimes mediation. Delays cost money, and the longer it sits, the more maintenance and taxes you owe.

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