An inherited home can leave a seller with more than a pricing decision. There is also the question of who will coordinate preparation, how the work will be funded, and how to get the property ready for sale.
In this West Covina transaction, a woman inherited a property from her late mother. In their testimonial, the sellers described it as the wife’s childhood home, owned by her mother for 60 years. They said the property was reasonably well maintained but needed updating and renovation.
The couple lived far away and traveled to interview several real estate agencies, including The Richard Reyes Network. After choosing the brokerage, they handed Richard Reyes the keys.
Coordinating the Remodeling From Beginning to End
Richard coordinated the contracting work from beginning to end and advanced funds for the remodeling. That gave the sellers a local point of contact responsible for coordinating the property’s preparation before the sale.
The funding arrangement was specific to this transaction. This story is not an offer of financing or a promise that funds will be available for another seller.
The Sale Price and the Earlier Estimates
The property sold for $888,000, according to Richard Reyes.
Richard recalls that the sellers reported earlier estimates of approximately $725,000 to $750,000 from the other agencies they interviewed. The final sale price was $138,000 above the high end of that reported range and $163,000 above the low end.
Those figures compare a completed sale price with earlier estimates reported by the sellers. They are not net proceeds, profit, or a verified return on the remodeling investment. Remodeling costs and selling expenses are not included in this comparison. The figures also do not establish what another agency would have achieved with the same preparation and selling conditions.
What the Sellers Said
The following are verbatim excerpts from the sellers’ testimonial supplied by Richard Reyes. Their names are withheld.
Richard and his colleagues totally outperformed our high expectations. We would recommend him without reservation.
The sellers also described the preparation and communication process:
His team helped us determine what to invest to optimize demand & pricing, then he managed the entire process, because we live far away. We had frequent conversations, often exchanged photos and opinions.
What West Covina Sellers Can Take From This Story
When comparing a selling plan, ask more than what an agent thinks the home could sell for. Ask which preparation items are worth considering, who will coordinate the work, how the costs will be handled, and what information supports the proposed price range.
For an inherited property, clarify who has authority to make decisions and sign documents before work or marketing begins. Questions about inheritance, ownership, taxes, or legal authority should be reviewed with the appropriate qualified professionals.
The role of The Richard Reyes Network in this transaction was not limited to an initial price estimate. Richard coordinated the property’s preparation and helped the sellers move from handing over the keys to a completed sale.
Discuss a Plan for Your West Covina Property
If you are preparing to sell an inherited home in West Covina or elsewhere in the San Gabriel Valley, review the West Covina selling guide or call 626-838-6830 to discuss your property, timing, and preparation questions. Consultations are available in English or Spanish.
Source and results note: This anonymous account is based on Richard Reyes’s recollection and the seller testimonial he supplied. The sale price and earlier agencies’ dollar estimates are reported by Richard; the testimonial does not state those dollar amounts. The earlier estimates have not been independently verified. Every property and transaction is different. This result is not a guarantee of another sale price or outcome.
Richard Reyes | Broker/Owner, The Richard Reyes Network | 626-838-6830 | Richard@RichardReyesTeam.com | DRE# 01847699 | explore-homes.com
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