If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Dayton for sale…
Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can oftentime be a costly burden. So selling it makes sense and allows you to use the gifted equity for some other purpose. But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while. So here’s how to price your inherited home in Dayton for sale:
Tip #1: Price Competitively To Sell Quickly
Some people price their inherited property at what they hope the market will pay—often based on sentiment, outdated comps, or ideal scenarios. But pricing a home correctly is both an art and a science. One of the most important factors to consider is your timeline. How quickly do you want—or need—to sell? If you’re not in a rush, listing with a real estate agent and waiting for top-dollar offers might make sense. However, this approach often comes with holding costs, ongoing maintenance, property taxes, insurance, and sometimes major repair expenses. All of that adds up, and during the waiting game, you’re also on the hook emotionally and financially.
Many sellers of inherited homes soon realize that a lower asking price can actually result in a better overall outcome. By pricing a property slightly below market value, you’re more likely to attract serious buyers quickly and create a sense of urgency. This speed often saves you months of utility payments, lawn care, insurance, and property tax—not to mention the mental stress of managing an empty home, often from a distance. In a sense, you may get a little less at the closing table, but you also dodge several months of carrying costs, inspection negotiations, and repairs. When all those factors are considered, a faster sale can leave you just as well off—sometimes even ahead financially.
It’s also worth thinking about your personal bandwidth and goals. If you’re juggling work, family, and now a property that requires your attention, the “ideal sale price” might not be worth the time and energy it demands. Selling to a professional buyer—like those at Wright Home Offer—can provide a practical solution, especially if the home needs work or if there are multiple heirs involved. We can help you evaluate the trade-offs, show you the net numbers, and make a no-obligation offer based on your goals. Sometimes the best decision isn’t just about price—it’s about peace of mind and moving on.
Tip #2: Avoid Pricing Based On Fond Memories Or Emotion
One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.)
A better approach would be to work with a real estate company and find out what they can offer you, and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!
Tip #3: Build In Discounts For Repairs
If you inherited the property from a loved one who lived there for many years, chances are it may need some updates or repairs—anything from outdated electrical and plumbing systems to worn-out roofing or cosmetic upgrades. While it’s tempting to roll up your sleeves and try to bring the home up to modern standards for a higher resale value, this route can quickly become overwhelming. Between the cost of materials, hiring contractors, getting permits, and the inevitable surprises that come with older homes, the process can eat into your time, budget, and peace of mind—especially if you’re already managing other responsibilities.
Rather than investing in repairs you may never personally benefit from, many sellers find it more practical to offer the property at a slightly lower price and clearly position it as a “fixer-upper” or “as-is” sale. By doing so, you open the door to buyers—especially investors or first-time homeowners—who are actively looking for properties they can renovate to their own taste. This “repair discount” not only saves you from the cost and coordination of fixing things up, but it also shortens the timeline to closing and removes the stress of having the home inspected and critiqued after all your hard work.
In many cases, the financial outcome ends up being the same—or even better—because you’re eliminating months of holding costs, potential renovation overruns, and buyer negotiation leverage. And if you’d rather not deal with the sale process at all, companies like Wright Home Offer offer a streamlined option. We buy inherited properties in Dayton as-is, with no need for repairs, clean-outs, or agent fees. It’s a straightforward way to convert the property into cash while honoring your loved one’s legacy by passing the home along to someone ready to bring it new life.
Summary
An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in Dayton for sale.
Why not bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Wright Home Offer? Just call us at 937-998-4239 or click here and enter your information in the form.