Unsure of what to do after inheriting a house?
We get it.
While you’re grateful to be on the person’s will, inheriting a home comes with a lot of unexpected responsibilities.
For example, you’ll now be responsible for taxes, insurance, and any leftover debt.
Fortunately, at Mitten Made Properties, we’ve worked with a lot of people in the same situation.
And here are your 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 you don’t want to live in the home but you also don’t want to sell it, then you might consider renting out the property. The biggest obstacle here will be finding tenants that you can trust to respect the home. If you have a lot of emotional connection to the home, then putting it in the hands of tenants might not be a good idea.
Sell With an Agent — If the home is in excellent condition and you’re willing to repair what’s broken and update what’s outdated, then you might consider selling the home the traditional way, with a real estate agent.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 work if the home isn’t in pristine condition.
Sell To a Professional Home Buyer — Since you probably have a lot of equity on 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 Mitten Made Properties — we can close in just two weeks and buy your home for cash as-is. Give us a call at (248) 883-3340 to get your offer!