If you’ve inherited a property and you’re thinking about selling it, you might have more options than you realize. Read this blog post to find out the 3 financial options you can pursue when selling an inherited property in Bakersfield, California…
When a loved one passes and leaves you with a property, it might be a meaningful gesture but, the truth is, an inherited property isn’t always convenient to own. There are additional bills, expense, maintenance, upkeep, and stress; it can be time-consuming.
So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Bakersfield, California?
First, Let’s Talk About Selling Through An Agent…
If you don’t want to Sell your property but can’t afford the monthly mortgage payments our Real Estate Agents can review a refinancing option for you as well. If there is only a small loan left on the property then refinancing could drastically lower that monthly payment. At Local House Offers, we are committed to serving our homeowner’s needs. Let’s talk about what we can do for you. Contact Us
So, what are the other options?
Second, Let’s Look At The Other Options…
Option #2. Rent To Own
Another option is to sell the house over the long-term by selling to a tenant. Typically, these are tenants who can’t get a mortgage but want to own a house – so they’ll pay you rent and over time they’ll be able to buy the house (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up to purchase the house with a mortgage.) This is would involve creating a legal contract. We recommend consulting a Lawyer. Local House Offers could come in as the buyer in this situation. If you are interested in a Rent to Own without all the Headache give us a call. Local House Offers, can explain in detail what we can do.
Option #3. Sell Fast For Cash
One little-known option that owners of inherited properties might enjoy is the ability to sell the house fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a house-buying company like Local house Offers. How it works. We set up a time to talk about your inherited property and make you a cash offer that makes sense for your personal situation. We can usually close in as little as a few days or longer given your timeline needs. We keep it simple, and it doesn’t require any work. You will not need to make any home repairs or clean out the property. We can do all of that. Just let us know your needs.
There you have it! 3 financial options you can pursue when selling an inherited property in Bakersfield, California!