Pricing an Inherited House
in Maryland

Price it on current condition and current nearby sales, not on memory. Get two numbers: what the house is worth as-is today, and what it would sell for after sensible repairs. The gap between those two numbers drives every decision that follows.

No. Online estimates never walk through the house. They miss the 1970s kitchen, the wet basement, the roof at the end of its life, and the smell. Estate homes are exactly the properties automated estimates get wrong most often. An in-person visit is the starting point for any serious number.

A licensed appraiser produces the formal appraisal used for the Inventory and tax purposes. A broker price opinion or market analysis comes from a real estate professional and focuses on what the house is likely to sell for now, in its current condition, against current competition. A Personal Representative often needs both.

It sits. Buyers see the days on market climb and assume something is wrong. Price cuts follow, and the estate keeps paying taxes, insurance, and utilities the whole time. Emotion costs people money, and nowhere more than in an inherited house.

Most siblings remember the house the way it looked years ago. Buyers see it the way it looks today. Written, third-party numbers settle these arguments faster than any family meeting.

The Probate Value Analysis is a free consultation from Marc Cormier that gives the Personal Representative eight data points on the property: • Current as-is value • Estimated value after improvements • Suggested repairs • Staging recommendations • Traditional market value • Multiple cash offers • Estimated net proceeds • Recommended selling strategy It starts with an in-person inspection of the property.