We get it.
While you’re grateful to be included in the person’s will, inheriting a home comes with a lot of unexpected responsibilities, such as taxes, insurance, and any leftover debt.
Fortunately, at Pearl Properties, we’ve worked with a lot of people in the same situation.
And here are some options to consider…
Move In — If the home is in good condition and you like the area, then you might consider moving in. Obviously, this won’t work if you have obligations elsewhere, but it’s certainly an option for people who don’t have deep roots in the place they’re already living.
Rent The Property — If living in the home isn’t an option, but you also don’t want to sell it, then maybe consider renting out the property. The biggest obstacle here will be finding tenants that are trustworthy and will respect the home. If there’s a lot of personal emotional connection to the home, then putting it in the hands of tenants might not be the best idea.
Sell With an Agent — If the home is in excellent condition or you’re willing to repair what’s broken and update what’s outdated, then you might consider selling the home the traditional way, with a real estate agent. But that probably won’t be the best option if the home isn’t in pristine condition and getting it there isn’t a top priority.
Sell To a Professional Home Buyer — Since you probably have a lot of equity in the home and it also has a lot of sentimental value (making it hard to rent out), you might consider selling to a professional homebuyer like ourselves over at Pearl Properties — we can close in just two weeks and buy your home for cash as-is. Give us a call at (803) 948-9200 to get your offer!