Depending on who you are, inheriting a home from a relative can either be an exciting event or simply lead to stress and frustration. Although inheriting property can come with perks, it also permits a fair share of downsides—for example, not everyone wants to deal with the legal and financial responsibilities associated with the inheritance process. That being said, what are your options after inheriting a home? There are a few possibilities: You can opt to move into the home. Otherwise, you can rent out or sell the property. Ultimately, the decision is in your hands. Don’t feel obligated to veer one way or the other. Whichever option you choose, contact us for advice on how to proceed.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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