You’ve Inherited an Estate, What’s Next? This Is What You Need to Know About Estate Clean-Out Before Selling Inherited Land

by | Feb 16, 2024 | Used Tire Removal

When you’re Inheriting a house—it’s not just a property; it’s a piece of someone’s life, maybe even someone you loved. It can be an emotional time, maybe even a bit daunting, and there’s this big question mark hanging over what comes next. When it comes to selling inherited land, there are legalities and other responsibilities for you to navigate, and there’s also the question of what to do with the leftover items in the estate. We’re here to break down the estate sale process, so it is as easy for you as possible to move forward.

Get the Legalities Out of the Way

Before you can start selling inherited land, it’s important to square away any legal aspects first. Be sure all the taxes, mortgages, utilities, fees, and insurance are up-to-date. If there are any fees or overdue bills, you can pay them off with the deceased assets since it is still considered their property before you put your name on the title. Since you are selling, you’ll also need to shut off the utilities and clear the mortgage with the lender if there is one. It is recommended you pay all other taxes and fees upfront to avoid complications or late fees. Then you’ll want to work with a lawyer or family estate planner to put the title in your name. If the inherited property is split among other family members, you may also have to arrange a buyout, transfer, or split the profits among them.

Get an Appraisal

One of the first things you should do when selling inherited land is to get it appraised. An appraisal will provide a clear understanding of the property’s market value. With its value in mind, you can make a more informed decision about its sale. You can also use the appraisal value to readjust its insurance if necessary or use it as a guiding value when you determine if you want to make renovations or not to increase the price.

Distribute the Inheritance

Before you begin to clean out your estate, you’ll need to allocate the inheritance according to the will. It’s important to note that items may need to go through probate first. In Florida, you have to go through the district court to have a judge oversee all probate proceedings. Once these items have gone through probate they will likely be distributed by the executor of the will. When all identified items are cleared from the property, you can begin your estate clean-out.

What To Do With What’s Left

If there aren’t any other specific instructions left to you, then you are free to do with the rest of the property as you wish. While this part of the process can be challenging, taking it step by step can make it more manageable. There are a few options for you to consider once you’ve determined what you and other family members, friends, or loved ones want to keep from the estate.

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Estate Sale

Consider organizing an estate sale to give the remaining items a second life while also generating some income. This can be a meaningful way to share belongings with others who may find value in them. You can choose to organize the estate sale yourself or have a third party come in and run it for you.

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Donate

Donate items that are in good condition but not needed by family members. Many charitable organizations accept furniture, clothing, and other household items. It’s a generous way to contribute to the community while honoring the memory of the deceased.

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Throw Out

Dispose of items that are no longer usable or are considered leftover junk. This may include items that are broken, damaged, or have no practical use. Clearing out unnecessary items is a practical step toward preparing the property for sale. You can choose to throw away the unwanted items yourself or hire a junk removal company to expedite the process for you.

Your Next Steps

With the estate clean-out process underway, you can shift your focus to the next steps in preparing the inherited land for sale. You may undergo repairs or renovations to increase the property’s value or update it for modern standards. You can also boost the property’s curb appeal with landscaping and cleanup. Once the inherited estate is as you like it, you can put it up for sale and begin the process of moving forward.

Helping You With Your Estate Clean-Out

Clear Out understands that dealing with an inherited estate can be challenging. Our goal is to help you take the first step, lightening the load for you emotionally and physically. As a professional junk removal service, we can help you remove all unwanted items from the estate, so you can focus on what matters. Contact us for a free quote, and let us help you take your next steps.

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