On This Page
- 1 Phase One: Establish Authority
- 2 Phase Two: Protect the Property
- 3 Phase Three: Understand the Property
- 4 Phase Four: Address the Contents
- 5 Phase Five: Decide on Repairs
- 6 Phase Six: Build a Selling Strategy
- 7 Phase Seven: Review Offers
- 8 Phase Eight: Transaction
- 9 Phase Nine: Final Property Transfer
- 10 Phase Ten: Keep the Records
- 11 You Do Not Have to Manage This Alone
If you're overwhelmed, use this page as your roadmap.
You do not have to complete everything today.
Phase One: Establish Authority
Determine:
- How property is titled.
- Whether a trust exists.
- Whether probate or another estate process applies.
- Who is legally authorized to act.
Get appropriate legal guidance.
Phase Two: Protect the Property
- Secure home.
- Address insurance.
- Monitor utilities.
- Maintain essential landscaping/pool.
- Forward important mail.
- Check for leaks or urgent maintenance.
Phase Three: Understand the Property
Ask Lisa for:
- Market analysis.
- Property DNA.
- Condition review.
- Likely buyer profile.
- Preliminary selling options.
Phase Four: Address the Contents
- Preserve important documents.
- Coordinate family items.
- Estate sale if appropriate.
- Donation.
- Clean-out.
- Cleaning.
Phase Five: Decide on Repairs
Do not automatically remodel.
Compare:
- As-is value.
- Improved value.
- Repair cost.
- Holding cost.
- Time.
- Risk.
Phase Six: Build a Selling Strategy
Lisa helps establish:
- Price.
- Positioning.
- Photography.
- Marketing.
- Showing strategy.
- Buyer targeting.
Phase Seven: Review Offers
Do not compare price alone.
Review:
- Financing.
- Cash.
- Closing timeline.
- Due diligence.
- Concessions.
- Appraisal exposure.
- Buyer strength.
- Net proceeds.
Phase Eight: Transaction
- Inspection.
- Negotiation.
- Appraisal.
- Title/escrow.
- Estate documentation.
- Closing requirements.
Phase Nine: Final Property Transfer
- Remove remaining items.
- Confirm property condition.
- Handle agreed possession.
- Complete closing.
Phase Ten: Keep the Records
Save:
- Closing statement.
- Estate documentation.
- Repair records.
- Sale information.
- Other documents requested by attorney or tax adviser.
You Do Not Have to Manage This Alone
This is where Lisa's network becomes part of the service.
A family may need:
- Estate attorney.
- CPA.
- Lender.
- Title/escrow.
- Estate-sale company.
- Cleaner.
- Hauler.
- Contractor.
- Landscaper.
- Pool service.
- Property manager.
- Insurance professional.
Lisa has spent more than 20 years building relationships in Las Vegas.
That is what Your Friend in the Industry is supposed to mean.
I INHERITED A PROPERTY. HELP ME FIGURE OUT WHAT'S NEXT. ASK LISA: send the address, where you are, whether the property is occupied, the trust/probate status (or not sure), the condition, and whether you need value, Property DNA, local vendor help or a plan to sell, keep or rent.
