Friday, July 18, 2025

Real Estate News - July 2025

July 2025
REAL ESTATE NEWS
Brought to you by Brian OShea
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What to Do When You Inherit a Home
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Inheriting a home is one of those life moments that often brings mixed emotions. There’s usually a personal story behind the property – alongside a host of decisions, paperwork, and questions that can feel overwhelming.
Whether you’ve just inherited a house or expect to in the future, here’s a straightforward guide to help you understand your options and next steps.

In Escrow sign in front of a house.

Step 1: Take a Breath – and Take Stock
Before rushing into decisions, give yourself time. A home tied to a loved one can carry emotional weight, and there’s no need to tackle everything immediately.
Start by gathering key documents:
  • The will or trust
  • Mortgage information (if any)
  • Homeowners insurance policy
  • Utility bills and tax records
  • Deed/title paperwork
These will help you get a clear picture of what you’ve inherited – and what’s still owed or required.

Step 2: Determine Ownership and Legal Standing
If the home was left to you in a will, the estate will likely need to go through probate before you can take ownership. If the property was in a trust, this process may be quicker.
It's smart to consult a probate attorney or estate planner, especially if there are multiple heirs or unclear ownership.

Step 3: Decide What to Do With the Property
There are typically three options when inheriting a home:
1. Move In:
If the property meets your needs and budget, moving in could be a meaningful and practical choice. Be sure to consider any outstanding mortgage, necessary repairs, or updates.
2. Sell the Home:
Many heirs choose to sell – especially if the home doesn't suit their lifestyle or if there are multiple inheritors. Before listing, you’ll want to:
  • Get the home appraised
  • Handle any required repairs
  • Clear out belongings (this can take time – be gentle with yourself)
Pro tip: A real estate agent can help you assess the market, suggest small improvements, and guide you through the process from a respectful, professional lens.
3. Rent It Out:
If you're not ready to sell but don’t plan to live there, renting can provide income while you figure things out. Just be prepared for landlord responsibilities, local rental laws, and potential property management needs.

Step 4: Understand the Financial Impact
Inheriting a home can come with financial considerations, including:
  • Property taxes: These may be reassessed.
  • Capital gains taxes: If you sell the home, the cost basis will likely “step up” to the home’s value at the time of inheritance, which can reduce taxes owed.
  • Ongoing expenses: Mortgage payments (if applicable), insurance, utilities, and maintenance will all need attention.
Speaking with a tax professional can help you avoid surprises and make smart choices based on your plans.

You're Not Alone – And You Don’t Have to Figure It All Out Right Away
Inheriting a home is a big responsibility, but it can also be a meaningful opportunity. Whether you want to honor your loved one’s memory by moving in, turn the home into a new investment, or part with it thoughtfully, you’ve got options – and people to help.
If you need guidance on selling, managing, or simply evaluating your inherited home, I’m here to support you with sensitivity and expertise every step of the way.

How to Throw a Great Backyard Party (That’s Fun, Chill, and Neighbor-Friendly)
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There’s something magical about summer evenings – string lights overhead, a cool drink in hand, and your favorite people gathered around. Whether you’re planning a casual barbecue, birthday bash, or spontaneous get-together, throwing an outdoor event can be one of the best ways to enjoy your home.
Here’s how to host a gathering that’s fun, relaxed, and easy to pull off – while still keeping things smooth with your surroundings.

Woman reading a book in a hammock outdoors.

Set the Scene with Style and Simplicity
You don’t need a sprawling patio or designer setup to make your space feel welcoming. A few comfortable chairs, some ambient lighting (think string lights or lanterns), and a tidy lawn or patio can set the tone. Add a playlist and some easy snacks, and your space is party-ready.
Hosting tip: Set up distinct “zones” – a food station, a conversation nook, a spot for games or kids – to help guests flow easily and feel at home.

Make Guests Feel Instantly Welcome
Outdoor entertaining is all about casual comfort. Greet guests with a cool beverage, offer sunscreen or bug spray if needed, and point out where to stash bags or find the bathroom. If you’re grilling or cooking outside, prep what you can in advance so you’re not stuck flipping burgers while everyone else is relaxing.

Keep the Party Comfortable – Even in the Heat
Summer sun is fun until it isn’t. Offer shade (umbrellas, pop-up canopies, or a string of light fabric between trees), keep drinks cold, and consider fans or misters if the forecast is toasty. For evening gatherings, add a few throws in case it gets breezy.

Be a Thoughtful Host...and a Neighbor
Your backyard is your oasis – but sound travels. Keeping music at a conversational level, wrapping up festivities before it gets too late, and a quick text or friendly mention to your neighbors if it’ll be a larger event can go a long way and shows you care about the community around you. It’s not about following rules – it’s about keeping the good vibes going after the party ends.
Bonus: A quick cleanup the next morning helps your yard (and any shared spaces) stay welcoming and guest-ready for next time.

Don’t Stress Perfection – Focus on Connection
Outdoor gatherings are meant to feel easy and fun. Guests won’t remember if your napkins matched – what they’ll remember is the relaxed vibe, the laughter, and how welcome they felt in your home.

If your home’s outdoor space could use a refresh – or you’re dreaming of a place that’s better suited for entertaining – I’d be happy to help you explore your options. Until then, happy hosting!

QUESTIONS? VISIT findahomeincharlestonsc.com

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