One of the questions I hear from families after inheriting a home in Redlands is:

“Can we just wait six months before deciding what to do?”

The answer is yes.

But waiting usually comes with ongoing carrying costs that many executors and beneficiaries don’t initially expect.

Depending on the property, six months of ownership may include:

•  Property taxes
  • Homeowners insurance
  • Utilities
  • Landscape maintenance
  • Pool service
  • HOA dues (if applicable)
  • Mortgage payments (if one still exists)
  • Security and routine upkeep

I’ve found that these expenses can quietly reduce the value ultimately distributed to heirs.

Every estate is different, which is why I encourage families to understand the true monthly cost of holding an inherited property before deciding to wait.

Sometimes waiting makes sense.

Sometimes selling sooner protects more of the estate’s value.

The important part is making an informed decision instead of an expensive one.

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