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What to Do When You Inherit a House

May 17, 2019

From the nextavenue website

Recovering boat owners often say a boat is a hole in the water into which you pour money. Much the same could be said for a house you inherit.

Wehna parent or other relative dies and you take possession of his or her house, it can be easy to think you’ve hit the jackpot. But another casino metaphor might be more appropriate when you go to sell an inherited house: Your goal should be to leave the (closing) table with money in your pocket.

Unfortunately, there are plenty of ways to lose money along the way. To avoid making big mistakes after you inherit a house, here’s advice from longtime real estate professionals Doug Myers, a broker with Semonin Realtors in Louisville and Kes Stadler, a broker with Atlanta Communities Real Estate Brokerage:

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