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How to sell an inherited house Dayton Ohio

If you're reading this article, you've probably inherited a house from someone and are trying to figure out what to do with it. If that's the case, I applaud your sense of responsibility and good judgment. You already know that selling an inherited property can be complicated and costly. To help make this decision easier for you, I've compiled some helpful information on selling an inherited house in Dayton, Ohio.

Is Selling Inherited Property Always a Smart Move?

If you inherit a house, you might wonder whether or not it's a good idea to sell. While selling an inherited property can be smart, the decision is ultimately up to you. It should be based on the value of your home and other factors.

There are many reasons why someone would choose to sell their inherited home rather than keep it as an investment.

  1. Research Similar Homes for Sale in the Area

It is important to research before you put your house on the market. It's also essential to know what similar homes in the area are selling for and get a feel for what buyers are looking for. The last thing you want to do is price your home too high or undervalue it because of how much money it needs—or doesn't!

The first step in determining your listing price is to see what other houses in a similar neighborhood have sold for recently. You can find those records online through sites like Zillow or Trulia or by visiting the county auditor's office, which keeps public records on all past sales transactions within their jurisdiction. This will give you an idea of what similar houses have been selling for over time and whether or not this seems reasonable based on other factors. Such as size, age of construction materials used, interior design elements such as flooring surfaces (hardwood vs. carpet), etcetera). You'll also want to consider any major renovations that may have been made since the last sale. These improvements could cause prices to go up significantly depending on how much work was done!

  1. Get an Inspection and Make Necessary Repairs

If you are selling a house, you will want to get an inspection and make any necessary repairs before putting it on the market. Knowing what the repairs will cost is good, so you can include them in your asking price.

A home inspector will look at everything from the air conditioning system to how well-maintained the yard is. They should also check for structural issues such as termites or mold, which could cost thousands of dollars to fix. A written estimate for repairs should be included with your listing agreement, so buyers know what they are getting into when they buy this property that someone else owned before them

  1. Call a Realtor or List It Yourself

You can either hire a Realtor or list your house on your own. You can use a listing agent because they have the experience and know-how to help you sell your home quickly and for top dollar. But if you are confident in managing all aspects of selling an inherited property, go right ahead!

Whether or not you decide to hire a Realtor depends on what kind of seller you are. If this is your first time buying or selling a home, you need more confidence to handle all the details. Hiring an experienced professional is the best choice. On the other hand, this is not only one of many properties passed down through generations but also represents significantly less than 1% of total assets owned by family members. (and thus does not require much attention), 

It's better suited for self-listing to avoid wasting valuable time dealing with agents who won't value what matters most relationships over commission checks at the closing table.

  1. We Buy Houses in Dayton, Ohio, Directly from You at No Cost, No Commission

The next step is to find a buyer who wants to buy your house and has the cash to do so. You can search online for "we buy houses in Dayton Ohio" "we buy houses in Dayton Ohio" or something similar. You want to look for companies that have been in business for a while, have positive reviews and testimonials from past customers, and seem legitimate. Make sure they offer fair prices based on recent sales of other properties in the area (like we do).

If you find one that meets these criteria, call them or send them an email describing the house and its condition. Tell them how much money you want for it and what kind of timeline you have for selling the property (i.e., within 30 days). Suppose they're interested in buying your property. In that case, they should come out and take pictures so they can analyze the condition. It's currently in before coming back with an offer later on down the road after doing further research into its value and potential costs associated with repairs made necessary by any damage present at this time...

No matter what you decide to do with your inherited property, it's essential to research the options carefully to minimize taxes, court costs, and other expenses.

Regardless of what you decide to do with your inherited property, it's essential to carefully research options to minimize taxes, court costs, and other expenses.

  • Taxes. Inherited real estate is considered a capital gain for the deceased person's estate. Usually, it incurs a capital gains tax when sold by an heir. The heirs who sell inherited real estate must pay income tax on any profits from the sale. But suppose an heir has lived in or rented out an inherited house for at least two years before selling it. In that case, he may be able to exclude up to $500,000 from his taxable income under Internal Revenue Service rules that allow these exclusions as part of "estate recovery" provisions enacted between 1997 and 2002.

  • Costs of selling. The prices explicitly related to selling include: 

  •    advertising fees

  •   agent commissions

  •    title insurance; escrow fees; closing costs (including attorneys' fees)

  •   moving expenses if you relocate before selling the home. (for example, finding new living arrangements)

  •    repairs outside your homeowner's insurance policy 

  •    surveys or inspections required by buyers or lenders before they agree on terms with you.


The best way to avoid these costs is to sell your inherited property quickly. If you need more time or desire to deal with real estate agents and brokers, we can help. We buy houses in Dayton, Ohio, direct from you at no cost, no commission or middlemen fees required.