Common Inheritance Deal Stipulations
Brad:
So, what are the common, but kind of unusual, things you deal with in these inheritance deals? Almost everyone wants to leave behind a mountain of stuff. Do you ever get left with cars or boats at these houses? We had this crazy car situation once. It was basically a junker, and TitleMax had a lien on it. The heir just wanted it gone, so we called TitleMax and they came and repossessed it. It was a whole thing. Inheritance deals are full of those kinds of surprises.
The biggest thing is people saying, “We don’t want all this stuff, what are you going to do with it?” We’ve actually started working with local charities to handle donations quickly, which helps a lot. And then, of course, everyone wants to know how the money gets split up, which is always a probate question we can’t answer. They’re also really interested in what we plan to do with the house, how we’re going to improve the neighborhood. Funny you mention cars, we’ve actually seen more boats than cars! I guess with all the lakes around here, people just leave them behind. It’s a bit of a surprise. You never know what you’re going to find. It’s definitely a different ballgame than a regular sale.