To price an inherited home in Orlando, start with recent closed sales of similar homes near the property. Then compare what you’d keep from listing the inherited home with what you’d keep from selling it as-is.
Start with comparable closed sales
Look for homes in the same subdivision or a nearby area buyers would consider comparable. Compare square footage, beds and baths, condition, and major features. A renovated house across town or an active listing can provide context, but a recent closed sale of a similar home is a better starting point. If the estimates you receive vary widely, ask a local agent or appraiser to explain which sales they used and why.
Account for repairs and time on the market
Get written estimates for repairs that could materially affect the sale, such as a roof or HVAC replacement. Ask whether the work would change the likely sale price enough to justify the cost and delay. Our inherited home holding-cost guide can help you estimate the bills you’ll pay while the property is vacant or listed.
Compare what you would keep from each offer
Suppose you estimate a listing could close at $280,000, with $12,000 in repairs, $6,000 in holding costs, and $18,000 in seller costs. That leaves an estimated $244,000 before any mortgage or liens. An as-is offer of $250,000 with $4,000 in seller costs and $2,000 in holding costs also leaves $244,000 before those payoffs. These figures are examples. Use written terms and your actual estimates to compare price, timing, and conditions.
If you’re still working out who can sign or what to do with the house, start with the Orlando inherited home guide. If you’d like a written as-is offer to compare, submit your property information to Investment Capital Home Buyers for a no-obligation review.