Advice for selling a property in Nashville, TN

[Scott Egbert]

My father-in-law passed away in March, and my wife and her two brothers were given a property via a Quit Claim Deed. He also had willed it to just her and one of the sons after the quit claim, but it is my understanding that a quit claim supersedes the Will.
Someone had an appraisal done on it this year, and it shows $368K; however, the house is in very poor condition and would take a lot to get it to that sale price (Although it is on a nice corner lot). While we wouldn't mind giving it a go, her two brothers wouldn't be able to contribute.
There is a lean of about $100K on the home.
We have had a few offers of $200K and my wife just wants out of the situation.

What would be our best path forward?