What are the Costs of Holding onto an Inherited House in Phoenix?
So, you have inherited house in Phoenix, while this may sound exciting, the reality is less than a pleasure. The truth, however, is that you have inherited expenses along with the house. Well-intentioned loved ones all too often leave their property in their will to beneficiaries that are already struggling to afford their monthly bills. Often, these homes are in a severe state of distress and require a great deal of upfront cash flow for rehabilitation to turn into a desirable property.
Perhaps you already have your dream home and have no interest in residing in the property but feel a sentimental attachment. While it is understandable, the value of sentimentality won’t pay for the reality of carrying the cost of an inherited house. This harsh reality often leads to the ultimate decision to sell the property. Whatever you decide to do, don’t delay in caring for the property. An excellent place to begin managing your inheritance is locating the contact and payment details on existing expenses.
We’ve gathered a list of typical monthly payments to help you with a starting point. Read on to learn about all of the costs of holding onto an inherited house in Phoenix.
Financial Implications of Keeping an Inherited House in Phoenix
Taxes
Property taxes remain a critical expense for anyone holding onto an inherited house in Phoenix. Regardless of whether the mortgage has been fully paid off, annual property taxes are an unavoidable obligation. These taxes are often calculated based on the property’s assessed value, which can increase significantly when the property changes ownership. Local tax authorities typically reassess the property at the current market value after the inheritance process is complete. This reassessment can lead to a substantial rise in annual property taxes, sometimes placing a financial strain on the new owner.
If the mortgage on the inherited house in Phoenix is still active, property tax payments may be bundled into your monthly mortgage payments via an escrow account. However, if the mortgage is paid in full, you’ll need to budget separately for these annual payments. Neglecting property tax obligations can lead to serious consequences, including penalties, liens, and even foreclosure, so it’s essential to stay on top of these payments.
Another factor to consider is the homestead exemption, which some states offer to primary residents to reduce property taxes. Unfortunately, if you don’t plan to reside in the inherited house in Phoenix and instead use it as a rental property or vacation home, you may not qualify for this exemption. This could further increase your property tax burden.
Additionally, if you decide to keep the inherited house in Phoenix as part of your long-term financial plan, it’s advisable to consult a tax professional. They can help you understand any available deductions, such as those related to repairs, renovations, or other costs associated with maintaining the property. A tax advisor can also guide you through the complex tax implications if you eventually choose to sell the house, including capital gains tax considerations.
In summary, managing property taxes is a crucial aspect of holding onto an inherited house in Phoenix. Whether you’re planning to keep the property, rent it out, or sell it, being proactive about tax payments and consulting with a professional can save you from unexpected financial hurdles.
Insurance
Managing insurance is a crucial responsibility when holding onto an inherited house in Phoenix. Depending on the specifics of the mortgage, you may find yourself accountable for two types of insurance: mortgage insurance and property insurance.
Mortgage insurance is typically required by lenders when the mortgage balance exceeds a certain percentage of the home’s value. This coverage protects the lender in the event of a default on the loan. If you’ve inherited a house with an existing mortgage, it’s important to review the loan terms carefully to determine if mortgage insurance is still applicable. While this may seem like an additional financial burden, mortgage insurance is often a necessary safeguard in such cases.
Property insurance, on the other hand, is essential for protecting your financial interests in the inherited house in Phoenix. This type of insurance covers potential damages to the home caused by events such as fire, storms, or theft. Even if the property is mortgage-free, maintaining adequate property insurance is strongly recommended. Without it, you could be left financially vulnerable in the event of a catastrophe. Keep in mind that insurance premiums are typically based on factors such as the property’s location, age, and condition, as well as the coverage limits and deductibles you select.
If you plan to rent out or use the property as a secondary residence, you may need additional insurance coverage, such as landlord or vacation home insurance. These policies provide specific protections tailored to properties used for rental or non-primary purposes. It’s crucial to disclose the intended use of the property to your insurer to avoid potential disputes over coverage in the event of a claim.
For those considering holding onto an inherited house in Phoenix, consulting with an insurance professional is a wise step. They can guide you through the complexities of securing the right coverage and help you explore cost-saving options such as bundling insurance policies or installing safety features like alarm systems. Properly addressing insurance needs ensures the inherited house remains a valuable and protected asset.
Assumption of Mortgage
When you inherit a property, one significant factor to address is the assumption of mortgage. Often, assuming the mortgage is a viable option if you choose to hold onto an inherited house in Phoenix. However, this process depends on various conditions, primarily the wording of the original mortgage agreement. Many contracts contain specific clauses that outline whether the mortgage is assumable and under what circumstances. Understanding these terms is critical to determining your ability to assume the mortgage.
If the inherited house in Phoenix is tied to a conventional mortgage, and assuming it is allowed, the process is relatively straightforward. You’ll need to contact the lender and provide documentation proving the transfer of ownership. This usually includes a copy of the death certificate and proof of inheritance. The lender will then assess your financial situation to ensure you can meet the monthly payment requirements. Keep in mind that assuming a mortgage typically involves a formal application process and a review of your creditworthiness.
However, if the property was under a reverse mortgage, the circumstances change significantly. Reverse mortgages are designed for homeowners aged 62 or older and involve borrowing against the equity in the home. Upon the homeowner’s passing, the loan becomes due, meaning you would need to pay off the entire balance to retain the property. This could require selling other assets or seeking alternative financing solutions to cover the repayment.
Additionally, there are scenarios where refinancing might be a better option than assuming the existing mortgage. Refinancing allows you to secure new loan terms that might be more favorable to your financial situation. For example, you could negotiate a lower interest rate or extend the loan term to reduce monthly payments.
Ultimately, navigating the assumption of a mortgage when holding onto an inherited house in Phoenix can be complex and may require professional assistance. Consulting with a real estate attorney or financial advisor can help ensure you understand the contract terms and make informed decisions that align with your goals.
Utilities
Managing utilities is a key consideration when dealing with an inherited house in Phoenix. While you are not obligated to pay any outstanding utility bills left under the deceased’s name, it’s critical to ensure the ongoing utility payments are kept timely and up to date. Failing to address these obligations can result in unpaid balances becoming a lien on the property, which would ultimately reduce profits if you decide to sell.
If you plan to reside in the inherited house in Phoenix, transferring utilities into your name should be a priority. This includes essential services such as water, electricity, gas, and possibly trash collection. By ensuring these utilities remain active, you’ll avoid disruptions in service while safeguarding the property from potential damages caused by lack of heating, cooling, or water.
For those who plan to keep the property vacant temporarily, it’s equally important to maintain minimal utility services. For instance, keeping the electricity on is crucial for security systems, while water and gas might be necessary to prevent issues like frozen pipes or mildew. Some utility providers offer reduced rates or specific plans for properties that are unoccupied, so it’s worth exploring these options to save on costs while keeping the property in good condition.
If you decide to rent out the inherited house in Phoenix, you’ll need to establish clear responsibilities for utility payments in the lease agreement. Some landlords include utility costs in the rent, while others transfer the accounts directly to the tenant. Either approach has its pros and cons, so choose the one that aligns best with your financial strategy.
Additionally, keep in mind that utility costs can vary based on the size, age, and energy efficiency of the house. Investing in energy-efficient upgrades, such as LED lighting, modern appliances, or improved insulation, can reduce monthly utility expenses while increasing the property’s overall value.
In summary, managing utilities is an essential part of holding onto an inherited house in Phoenix. By addressing these considerations promptly, you’ll avoid financial complications and ensure the property remains functional and well-maintained.
Maintenance
Owning an inherited house in Phoenix can come with significant maintenance obligations, and it’s essential to be fully aware of what you’re taking on. A professional inspection is highly recommended, as it provides a clear picture of the property’s current condition and identifies any immediate or long-term repairs needed. This step ensures you’re equipped to make informed decisions about keeping, selling, or renting the property.
The costs associated with maintaining an inherited house in Phoenix can vary greatly depending on the property’s age, location, and how long it has been vacant. Older homes, in particular, can require substantial investment to address issues such as outdated electrical systems, plumbing, or roofing. In some cases, monthly maintenance expenses can rival or even surpass typical mortgage payments, especially if the home has suffered from neglect or is in disrepair.
Regular maintenance tasks include inspecting structural elements such as the foundation and walls, servicing HVAC systems, and addressing water damage or pest infestations. Additionally, landscaping plays a significant role in maintaining the property’s curb appeal. Even something as seemingly minor as an overgrown yard can contribute to a distressed appearance, lowering the home’s overall value.
For owners who aren’t residing in the inherited house in Phoenix, there may be opportunities to reduce costs through preventive measures, such as weatherproofing and energy-efficient upgrades. These not only protect the property but can also lower utility bills in the long run.
If you’re considering renting the property, additional maintenance responsibilities come into play. Ensuring the home is up to code and meets safety standards is critical. Routine repairs like replacing worn-out appliances or repainting may also be necessary to attract tenants.
Overall, holding onto an inherited house in Phoenix means planning for regular upkeep and unexpected repairs. Consult professionals, including home inspectors and contractors, to ensure the property remains an asset rather than a financial burden. Proactive maintenance can save time, money, and stress in the future.
Yard
The condition of the yard can be a telltale sign of whether a property is occupied or vacant. For those holding onto an inherited house in Phoenix, maintaining the yard is an essential part of preserving the property’s value and appearance. Neglected yards, with overgrown grass, weeds, and scattered debris, can quickly give the house a distressed and unkempt appearance. This not only detracts from the neighborhood but also increases the chances of attracting unwanted attention, such as trespassers or vandals.
If you lack the spare time or energy to handle yard work yourself, you will need to arrange for professional yard maintenance. This is especially important in climates like Phoenix, where the intense sun and arid conditions can quickly damage landscaping. Dried-out grass, dead plants, and even cracks in outdoor structures can all occur if the yard is left unmanaged.
Professional services can handle tasks such as lawn mowing, weeding, trimming bushes, pruning trees, and even treating for pests. They can also help maintain or repair irrigation systems, which are critical for keeping the yard green and lush in an area like Phoenix. Ensuring the sprinklers or drip systems are functional will prevent plants from drying out and dying, which could lead to expensive landscaping overhauls.
For those who wish to save on costs, another option is to explore low-maintenance landscaping techniques. Xeriscaping, for example, utilizes drought-resistant plants, rocks, and other features to create a yard that is both attractive and easy to maintain. This approach is particularly suited for an inherited house in Phoenix, where water conservation is often a priority.
Finally, maintaining the yard can also pay off if you decide to sell the property. First impressions matter to potential buyers, and a well-kept yard can increase curb appeal and boost the property’s overall market value. If renting is your goal, tenants will likely be more inclined to respect and care for a home with a yard that’s already in great condition.
In conclusion, keeping the yard tidy and inviting is crucial when holding onto an inherited house in Phoenix. Proactive yard care ensures the property maintains its aesthetic appeal and protects your investment in the long run.
Legal Considerations
Inheriting a property comes with a multitude of legal responsibilities that require careful attention. When it comes to managing an inherited house in Phoenix, navigating these legal aspects is vital to ensure compliance and avoid potential complications. The first and most critical step is often the probate process. Probate is the legal procedure for settling the estate of a deceased person, transferring ownership of the property to the rightful heir or heirs. Depending on Arizona state laws and the specifics of the estate, probate can vary in length and complexity. It is highly recommended to consult with an attorney who specializes in probate and estate law. An experienced lawyer can guide you through this process, helping you understand your rights, responsibilities, and any associated costs.
One of the common legal concerns is determining whether the inherited house in Phoenix has any outstanding debts or liens attached to it. These obligations could include unpaid taxes, mortgages, or judgments, which must be resolved before transferring or selling the property. Conducting a title search can provide clarity on these matters, ensuring there are no surprises down the line.
Additionally, if there are multiple heirs to the property, disputes can arise over its management or sale. In such situations, legal mediation might be necessary to reach an agreement that satisfies all parties. Open communication and clear documentation are critical for minimizing conflicts during this process.
Another legal consideration involves property zoning and usage regulations. If you plan to rent out or renovate the inherited house in Phoenix, it’s important to ensure that your plans align with local zoning ordinances. Violating these regulations could lead to fines or other penalties.
Finally, transferring ownership of the inherited property may require updated records with local authorities. You’ll need to ensure the property’s deed reflects your name or the names of all legal heirs and address any required filings.
In summary, handling an inherited house in Phoenix involves navigating probate, addressing debts, resolving conflicts, and ensuring compliance with local laws. Seeking legal advice can simplify this process, making it easier to protect and manage your inheritance effectively.
Property Valuation
Obtaining an accurate valuation of the property is one of the most critical steps when managing an inherited house in Phoenix. This valuation provides clarity on the property’s current market value and enables informed decision-making regarding whether to keep, sell, or rent the property.
A professional appraiser is often the best option for conducting a thorough evaluation. Appraisers consider various factors, including the size, age, condition, location, and unique features of the house. They also take into account market trends, ensuring the valuation reflects the most recent comparable sales in the Phoenix area. This unbiased assessment can help you better understand the property’s worth and highlight areas where investments, such as renovations or repairs, might increase value.
In addition to hiring an appraiser, you can consult a local real estate agent for a Comparative Market Analysis (CMA). This analysis provides insight into how similar properties are performing in the area, offering a less formal but equally useful perspective on potential selling prices. A CMA can also help you determine rental rates if you plan to lease out the property, giving you a sense of income potential.
Beyond helping with sales or rental decisions, property valuation plays an essential role in tax planning. The property’s assessed value may influence estate taxes, capital gains taxes (if sold), and property taxes. Accurately documenting the value at the time of inheritance is important for addressing any future tax obligations. Consulting with a tax professional can help ensure you’re meeting these requirements and taking advantage of any applicable deductions.
Moreover, knowing the market value can guide your conversations with potential buyers, renters, or financial institutions, helping you negotiate effectively. If selling the property is your goal, a valuation provides a strong foundation for setting a competitive listing price that maximizes your return.
In conclusion, accurately valuing an inherited house in Phoenix is a vital step in managing the property effectively, enabling you to make financially sound decisions while avoiding potential pitfalls.
Renovations and Repairs
If you’ve inherited a property, one of the biggest considerations is its condition. An inherited house in Phoenix may require significant renovations and repairs, especially if it has been vacant for an extended period or has not been well-maintained. Investing in these improvements can make the house livable, marketable, or suitable for rental purposes, depending on your goals.
Start by prioritizing essential repairs that impact the safety and functionality of the property. Fixing structural issues, such as cracks in the foundation or roof damage, should take precedence. Similarly, ensuring that plumbing and electrical systems are up to code is critical to avoid hazards and further deterioration. If the home has outdated wiring or leaky pipes, addressing these issues will be necessary for compliance with safety regulations and enhancing the property’s value.
Beyond the essentials, cosmetic upgrades can dramatically improve the home’s overall appeal. Fresh paint, updated fixtures, and modernizing kitchens and bathrooms are popular ways to enhance the interior. Outside, landscaping and other curb appeal projects, such as repairing fences or refreshing walkways, can create a welcoming first impression. Small changes like these can make an inherited house in Phoenix stand out in a competitive market.
However, it’s important to carefully budget for renovations and repairs, as costs can add up quickly. Create a plan that outlines the work needed and obtain multiple quotes from contractors to get a sense of the overall expense. Keep in mind that extensive renovations, while potentially increasing the property’s value, may not always yield a high return on investment. Consulting a real estate expert can help you determine which upgrades are worth pursuing based on current market trends in Phoenix.
Another consideration is whether to undertake some repairs yourself or hire professionals. While DIY projects can save money, certain tasks, such as electrical or structural repairs, require skilled expertise to ensure quality and compliance with regulations.
In summary, renovations and repairs are crucial steps when managing an inherited house in Phoenix. By prioritizing essential fixes, budgeting wisely, and making strategic upgrades, you can transform the property into a valuable asset and achieve your desired outcomes.
Renting the Property
Renting out an inherited house in Phoenix can be an excellent strategy to generate steady income, especially if you’ve decided against selling. However, transitioning the property into a rental requires careful preparation and adherence to local regulations to ensure a smooth and profitable experience.
First and foremost, you must ensure that the property meets all safety and habitability standards. Conducting a thorough inspection of the inherited house in Phoenix is crucial to identify any repairs or upgrades needed for compliance. Key areas to address include plumbing, electrical systems, HVAC functionality, and structural integrity. If the house does not meet these standards, you may face fines or legal disputes with tenants.
Familiarizing yourself with Arizona’s landlord-tenant laws is another essential step. These regulations govern important aspects such as security deposits, lease agreements, eviction procedures, and tenant rights. Understanding your legal obligations as a landlord will protect you from costly mistakes and ensure a positive relationship with your renters.
To make the process less daunting, you might consider hiring a property management company. These professionals specialize in handling the day-to-day responsibilities of being a landlord. A property management company can assist with tenant screening, ensuring you find trustworthy renters who will pay on time and care for the property. They can also handle rent collection, oversee maintenance requests, and even manage evictions if necessary.
Marketing the property effectively is another critical step. Highlighting the benefits of living in Phoenix—such as its sunny climate, cultural attractions, and proximity to amenities—can help attract tenants. Additionally, staging the house and taking quality photos for rental listings can make it stand out in a competitive market.
Financial planning is also important when renting out an inherited house in Phoenix. Set a competitive rental price based on market research and consider budgeting for unexpected expenses, such as repairs or periods of vacancy. Consulting a financial advisor can help you optimize your rental income and determine if renting aligns with your long-term goals.
In conclusion, renting out an inherited house in Phoenix requires careful preparation, compliance with laws, and effective marketing. By taking these steps, you can transform your inherited property into a valuable income-generating asset.
Financial Planning
Inheriting a property, while potentially beneficial, comes with a set of significant financial considerations. If you’ve received an inherited house in Phoenix, it’s essential to evaluate how this asset fits into your overall financial goals and long-term strategy. A well-structured financial plan will help you manage potential costs and maximize the benefits of this new responsibility.
A key starting point is to assess the financial implications of retaining the property. Begin by calculating the ongoing costs associated with the house, including property taxes, insurance, maintenance, and utilities. These expenses can quickly add up, and it’s crucial to ensure they align with your financial capacity. For many, the choice between keeping, renting, or selling the inherited house depends heavily on this assessment.
Consulting a financial advisor can be an invaluable step in this process. A professional advisor can help you identify the most tax-efficient strategies related to your inheritance. For example, they can guide you in understanding the stepped-up basis rule, which adjusts the property’s value for capital gains tax purposes. This is particularly important if you plan to sell the property, as it can significantly affect the taxes owed on the sale.
If you’re considering holding onto the inherited house in Phoenix, your financial advisor can help you evaluate its potential as an income-generating rental property or as a long-term investment. They can also provide insights into estate planning to ensure the property is passed on smoothly to future generations, reducing the risk of legal or tax complications.
Additionally, creating a budget for possible renovations or repairs is crucial. Financial advisors can assist in determining which improvements are worth the investment, especially if the goal is to increase the property’s resale or rental value.
In conclusion, inheriting a property is both an opportunity and a responsibility. By assessing your financial situation and consulting professionals, you can make informed decisions about the inherited house in Phoenix. With proper planning, you can turn this inheritance into a valuable and manageable asset that aligns with your financial aspirations.
Emotional Considerations
Inheriting a property often goes beyond financial or practical considerations—it can be an intensely emotional experience, especially if the property was the home of a loved one. For many, the inherited house in Phoenix may represent cherished memories, personal connections, and significant moments shared with the previous owner. Processing these emotions while navigating the practical aspects of property management can feel overwhelming.
It’s important to give yourself time to grieve and reflect on what the property means to you. Sorting through personal belongings is often a bittersweet process, as each item may evoke memories or sentimentality. Make a plan to decide what you’d like to keep, donate, or discard, and don’t feel pressured to rush through this process. You can enlist the help of trusted friends or family members to support you and share in reminiscing over meaningful items.
For those who find the emotional weight too heavy to manage on their own, seeking professional counseling can be an effective way to process these feelings. A counselor can provide a safe and supportive environment to explore the complexities of grief and attachment, helping you strike a balance between preserving memories and making practical decisions about the inherited house in Phoenix. It’s okay to acknowledge that letting go of certain items or even the property itself does not diminish the bond you shared with your loved one.
Furthermore, creating a plan for the future of the house can help ease emotional stress. Deciding whether to keep, rent, or sell the property allows you to focus on actionable steps that align with your needs and values. If selling feels emotionally difficult, consider finding ways to honor the memory of your loved one, such as photographing special parts of the house or holding a farewell gathering with family.
In conclusion, inheriting an inherited house in Phoenix involves navigating both emotional and practical challenges. Allow yourself the time and space to process your feelings, seek support from loved ones, and make decisions that balance sentimentality with practicality.
Selling the Property
If you’ve decided that selling an inherited house in Phoenix is the best course of action, there are several steps you can take to ensure a smooth and successful transaction. Selling such a property often involves unique considerations, and being prepared can make all the difference.
The first step is to choose a reputable real estate agent with experience in handling inherited properties. These professionals understand the specific challenges associated with selling an inherited home, such as the emotional aspect of parting with the property, navigating probate-related issues, and understanding the tax implications. A skilled agent can help you market the property effectively, targeting the right audience and highlighting features that are most appealing to potential buyers.
Once you’ve selected an agent, work with them to prepare the property for sale. This might involve making necessary repairs, decluttering, and staging the home to showcase its full potential. Since inherited homes can sometimes feel dated or neglected, even minor improvements like fresh paint, updated fixtures, or landscaping enhancements can significantly boost the property’s appeal.
Be prepared for potential challenges during the selling process. For example, if there are multiple heirs, everyone involved must agree on the sale terms. Open communication and documentation are key to avoiding conflicts. If disputes arise, mediation may be necessary to resolve differences amicably. Additionally, legal issues such as liens, unpaid taxes, or unresolved probate matters could delay or complicate the sale. Ensuring that the property has a clean title and consulting with a probate attorney can help address these challenges proactively.
Marketing is another critical component. Highlight the unique benefits of owning an inherited house in Phoenix, such as its location, size, or historical value. Your real estate agent can create a compelling listing and leverage platforms to attract serious buyers.
In conclusion, selling an inherited house in Phoenix requires careful planning, expert guidance, and open communication. By taking these steps and being proactive, you can navigate the process efficiently and achieve a successful sale that aligns with your goals.
Tax Implications
Inheriting a property, while a significant financial event, comes with its own set of tax obligations. Managing these considerations is vital to avoid unexpected liabilities when dealing with an inherited house in Phoenix. Several types of taxes may come into play, including estate taxes, capital gains taxes, and property taxes.
Estate Taxes One of the first tax implications to consider is the estate tax. This tax is levied on the value of the deceased’s estate before it is distributed to beneficiaries. However, many estates do not meet the threshold for federal estate taxes, which is currently set at a high value. In Arizona, there is no state-level estate tax, but it’s wise to confirm this with a tax advisor, especially if the estate involves assets outside of Arizona.
Capital Gains Taxes Capital gains tax is another critical factor, particularly if you decide to sell the inherited house in Phoenix. When you inherit a property, the IRS applies a “stepped-up basis” to its valuation. This means the property’s value is adjusted to its market value at the time of inheritance. If you sell the property, capital gains tax is calculated on the difference between the selling price and this stepped-up basis. For instance, if the house was appraised at $300,000 when you inherited it and you later sell it for $350,000, you would only owe taxes on the $50,000 gain. Consulting with a tax professional can help you understand how these rules apply and if any exclusions or exemptions might reduce your tax liability.
Property Taxes Annual property taxes remain a constant financial obligation for an inherited house in Phoenix. The local tax authority typically reassesses the property’s value at the current market rate upon inheritance, which could result in higher taxes. If you plan to keep the property as a primary residence, you may qualify for tax relief programs like the homestead exemption, depending on your circumstances. However, these exemptions may not apply if you use the property as a rental or vacation home.
Consulting a Professional Due to the complexities of tax laws, it is highly recommended to work with a tax professional. They can guide you through the intricacies of estate and capital gains taxes, ensuring compliance while identifying potential deductions or tax-saving strategies.
In conclusion, understanding the tax implications of managing an inherited house in Phoenix is essential for protecting your financial interests. Whether you plan to sell, rent, or hold onto the property, proactive tax planning can help you navigate these challenges effectively.
Long-Term Maintenance
If you decide to keep the inherited property, it’s important to plan for long-term maintenance and upkeep. Regular maintenance tasks such as cleaning gutters, servicing HVAC systems, and inspecting the roof can help prevent costly repairs down the line. Create a maintenance schedule and budget for ongoing expenses to ensure the property remains in good condition.
By considering these additional factors and taking a proactive approach, you can effectively manage an inherited property and make informed decisions that align with your financial and personal goals. Whether you choose to keep, sell, or rent the property, careful planning and professional guidance can help you navigate the complexities of inheritance and make the most of your new asset.
Unless you have a plan for the property, holding onto an inherited house in Phoenix is costing you money. Oak Street Properties will pay you a great price and close when you are ready. If you don’t feel that you can handle the emotions of going through the possessions of your loved one to clean out the property, you can leave everything in place or take what you like, Oak Street Properties will handle the rest for you. Call Oak Street Properties at (480) 637-5500 or send us a message today!