Hello again, Ms. DramaQueen with another delimna (look up my old threads if you want all the backstory). Anyways, I inherited my mother's 24 year old house. The will was probated last week. She paid $82,000 back in the day. And it's not worth that it appears... The house does need paint inside & out and has the original kitchen (appliances & lino flooring). The upstairs bath has peeling flooring which migh suggest water damage and the roof probably needs to be replaced but that can be covered under insurance which is still in force (I know, because I wrote the check in Feb.). And it needs a water heater. The carpet is mismatched upstairs but is only about 2 years old for the replaced botton floor. Otherwise the house looks great (especially now that it is empty except for sparse furniture & stuff for insurance). Also, paying the neighbor to water/mow and general lookout for the house costs me $150 and water/electric run about $150-250 a month (especially now that North Texas is heating up). Taxes ($1300) & insrance ($1700) for 2010 are paid up. So it costs me roughly $600 a month to maintain the house. I start paying these costs beginning in June. I will be reimbursed from the estate for the costs through May. I contacted 3 investors (people who buy houses on the cheap to flip for profit). I got an offer for $50,000 and another for $58,000. The third didn't give firm number (as he is a broker) but thought $58,000 as well. I just got off the phone with a respected (many references) realtor and she thought worst case scenario we would netr $66,000 but closer to 68,000 or $70,000 with a list price of $82,000. Wow. Ugh. It truly is a shame. I move there in a heartbeat because it is a nice house but not in a good neighborhood (probably why the values didn't budge) and we LOVE where we live now (house & neighborhood). So, do I sign a 6-month realtor agreement and pray we can sell it within that time frame and net an extra $6-8K (when factoring carrying costs) or just dump it now and cut my losses.