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3 Financial Options You Can Pursue When Selling an Inherited Property in Bakersfield, California

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…

There’s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited property first, then there are closing fees and the hefty agent commission you’ll have to pay afterward. And, this method can take months, so some people don’t like how long it takes. If you would like to Sell your inherited property with an Agent, Local House Offers, has a team of Agents ready to list your property on the open market.
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!

Thinking about selling your inherited property fast for cash? We can help! Click here now and fill out the form our call our office at 951-878-5959.

Monica Barrios

Born and raised in Southern California. She built a real estate investing team that buys houses in the communities they live in, we care about the people we buy houses from, which is why our team cares about your experience.

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