Yahoo! Finance: What To Do When You Inherit Real Estate That You Don’t Want

By Cameron Huddleston

Find Out the Value of the Property

Before deciding what to do with inherited property you don’t want, find out how much the property is worth. “Now that you hold the title to the real estate, you need to know the market value of the property,” said Matt Halper, a broker with commercial real estate brokerage firm Kiser Group in Chicago.

An appraisal might have been conducted as part of the valuation of the estate left by the person who gave you the property. But that appraisal might not reflect the property’s market value, Halper said. Getting a real estate broker to value the property might help you decide if you want to sell it and how you want to sell it.

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Kiser Group Staff