Selling a house you inherited has two timelines at once: the legal one and the real estate one. People often start the second before the first is sorted out, and that is where delays come from.
Here is the order that tends to work, with the parts that are not a broker’s job marked as such.
Who has the authority to sell?
Before anything else, someone has to have legal authority to sign a contract for the house. If there is a will, that is usually the executor named in it, acting as personal representative once qualified through the circuit court. If the house passed to several heirs, all of them may need to sign. The details depend on how title is held and what the will says.
This is an attorney question. A Virginia real estate or estate attorney can tell you who may sign and what paperwork the title company will want to see. A listing agent can start planning before that is settled, but a contract can’t be signed without it.
What should I do with the house while the legal part is sorted out?
Keep it safe and insured, and keep a record. Vacant homes have their own risks, such as frozen pipes or a leak nobody notices, so someone should check on the property regularly. Confirm with the insurer that the policy covers a vacant home and that the right people are listed.
Then take stock. Gather the keys, the utility accounts, any warranties and whatever the family knows about repairs. Walk the house and make a short list of what is wrong, what is dated and what is simply full of belongings.
Clearing out a home is slow and emotional. If it will take weeks, it is fine to tell your agent so and plan the listing date around it.
Should I repair it or sell it as it is?
Both can be right. Many inherited houses sell as they are, and that is often the sensible choice when there’s no one to manage repairs or the family wants to be done. The tradeoff is that buyers will price in condition, and an inspection can still lead to repair requests.
The repairs worth considering first are the ones that remove reasons to say no, such as water problems, safety items and worn-out systems. Our post on making repairs before listing walks through what usually pays back and what does not. If you are selling as is, read what a seller must disclose in Virginia, since the rules about known defects apply to estates too, so ask your attorney how they apply to yours.
How do I price it?
Price it from recent sales of similar homes, not from what the family remembers or what the house was worth when it was last updated. A broker can pull comparable sales and explain how the condition changes the number. Our guide on choosing a listing agent lists what to ask before you hire one.
Taxes are the other piece. The tax result of selling can depend on your cost basis and your situation, and I can’t tell you what it will be. Ask a CPA before you set a price or accept an offer, not after.
What should I do next?
Start with the legal question: who can sign. Then, if you’d like a second pair of eyes on the house itself, we can walk it with you and talk through timing, condition and price. Use our seller page to start, or reach the Lynchburg office if the home is in the Lynchburg and Forest area. Written by Daniel Keeton. This is general information, not legal or tax advice; talk to a Virginia real estate attorney and a tax professional about your estate.
Related: Selling in Central Virginia · Buying in Central Virginia · Lynchburg office · About the author
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