How to go about selling an out of state property as is

[Gregory Robbins]

Hello, I’ve been tasked with selling my late grandfather-in-law’s house. It is 15 hours away from us, and it is in need of some serious repairs. The estate was structured to have multiple executors, and beneficiaries spanning three generations. So rather than coordinate an out of state renovation with multiple strong willed people, the decision has been made to sell as is. That decision is not what I’m here to get advice on, that’s out of my hands.

I would like to get opinions and advice on the steps to take to get a fair value. I’m aware the price will be heavily discounted to factor in the renovation. I’m guessing this will mean my only demand will come from investors willing to take on a big rehab.

How would you go about this? What steps would you take? How do you properly vet an out of state real estate agent?

Thanks in advance for any advice!

[Matthew Irish-Jones]

@Gregory Robbins hire a good Real estate agent. Preferably one with investment experience so they know how to market the property.

Ask them for their plan to market the property. How they will handle inquires for repairs, what disclosures are needed, how showings will be coordinated, etc..

Also make sure they have some experience, you don’t want someone figuring it out on your watch.