Inheriting real estate can be a great opportunity, but it can also be overwhelming. You may be wondering what to do with the property and how to turn it into a profitable investment. Before making any decisions, it's important to understand the legal and financial aspects of inheriting real estate.
One of the first things to consider when inheriting real estate is the value of the property. This can be determined by hiring a professional appraiser or by comparing the property to similar properties in the area. Once you know the value of the property, you can decide whether to keep it as an investment or to sell it.