First and foremost, we’re deeply sorry for your loss. They say the three hardest things to deal with in life are: the death of a loved one, divorce, and moving. Dealing with two of these at the same time is exhausting. At Twin Home Buyer, we often work with people who are going through one or more of these challenging experiences.
You may be thinking, “I inherited a house, what should I do with it?” Should I rent it? Should I sell it? How should I sell it? The first step to answering this question is simple—get a pen and paper and brainstorm.
Step 1: Account for All the Bills and Upkeep of the House
Understanding the financial position of the property is crucial. Take time to review:
Is the mortgage paid off?
Are property taxes up to date and when are they due next?
What are the ongoing costs for utilities and maintenance?
If you’re ready and able to carry the financial load, you’ll be in a better position to decide whether to rent or sell. However, if you’re uncertain about managing these responsibilities, it’s worth considering your options more carefully.
Renting Out the Property: The Full-Time Job
If you decide to carry the financial load and rent out the property, just know that you are essentially signing up for a full-time job. Being a landlord in California comes with significant responsibility, including:
Vetting tenants
Securing tenants
Ensuring they pay rent on time
California is a very renter-friendly state, giving renters rights like withholding rent, moving out without notice, and even suing if necessary. Renting a property puts you in a vulnerable position, especially if you’re not prepared to handle the legal and financial responsibilities that come with being a landlord.
If you’re unsure about whether you want to pursue being a landlord, our guide to selling a house fast can help clarify your options:
👉 Sell Your House Fast
Selling in the Current Market: A Seller’s Paradise
In today’s scorching hot market, we would advise selling. It’s a seller’s market. With low inventory, homes throughout the Bay Area are fetching astronomical returns.
Why Sell?
We’re seasoned real estate investors and, if you’ve inherited a home—especially from elderly parents or grandparents—it’s likely the house may need work. Many inherited homes haven’t been kept up to date, and the repairs can be costly and time-consuming.
If you decide selling is the best option, we can help. We buy homes as-is, without the need for repairs, so you don’t have to worry about fixing up the property. For more details on how we buy homes, check out how we work with homeowners:
👉 How We Buy Houses
Why We Recommend Selling
Selling a home in the current Bay Area market can be a great financial decision. Here’s why:
We Buy Homes AS-IS: If you’re not up for making repairs or updates, you don’t have to. As real estate investors, we buy homes in any condition, completely as-is.
No Costly Repairs: Inherited homes from older generations often require significant updates, and those repairs can add up quickly. Selling as-is can save you time and money.
Get a Fair Cash Offer: We provide fair cash offers, so you won’t have to worry about agent fees, commissions, or the hassle of traditional sales processes. For more information about receiving a cash offer, visit:
👉 Get a Fair Cash Offer
Need Help?
If you need more information or would like a free, no-obligation cash offer for your inherited home, feel free to CONTACT US. We’re here to help you navigate your options and make the best decision for you and your family.
For more details about the selling process, visit our sell your house fast guide:
👉 Sell Your House Fast
