You Inherited a House You Don’t Want. What Are Your Options?
Sometimes inheriting a home from a loved one is a blessing. Other times, it’s more of a hassle. If you’ve recently inherited a property that you’re on the fence about, you may be wondering what your next step should be. Here are some common options.
Keep the Inherited House and Live In It
With a few renovations, maybe you see potential to turn it into your dream home. Just know that you’ll be responsible for maintaining it, paying mortgage and property taxes payments, etc.
Keep the Inherited House and Rent It
If you don’t want to live in the home, but still want to keep it in your name, renting is a great option that can help you bring in extra income. However, it can be a lot of work to manage a rental property, especially if you can’t find suitable tenants.
List the Inherited House For a Traditional Home Sale
Putting a traditional listing on the market can be a good option, especially if the mortgage on the home is already paid off. However, listing and selling a home the traditional way can take a lot of time and energy.
Sell the Inherited House to an All-Cash Buyer or Real Estate Investor
In many cases, inherited a home is stressful. If you want to get the property off your hands as soon as possible, your best bet is to sell to an all-cash buyer or real estate investor. They’ll provide you with a fair cash offer based on the market and the condition of the home. Then, they’ll go through a streamlined selling and closing process that allows you to have the home off your hands in as little as five days.
Sell Your Inherited House Stress-Free. Contact Hometown Development.
If you’ve inherited a home that you’d like to sell, there’s no better choice to sell to than Hometown Development. We buy homes in any condition, no cleanup or repairs necessary — and we’ll provide you with a free, no-obligation cash offer within just 24 hours of learning about your home.