“Inherited a house? First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.”
You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it? How should I sell it?
Tons of options open for you, but…
… WE CAN HELP!
- Make sure the mortgage is paid
- The investment is only as good as the manager
- Property ownership costs money
- Selling a property for top dollar costs money
- If the market will continue to grow faster than your other options, hang on to the investment
- Uncle Sam wants a piece of the action
- Consider all your options
- Compare a few scenarios
- Get help with your decision
We’re seasoned investors in Cherry Hill real estate, and we’re looking to buy several houses each month in the Cherry Hill NJ area.
Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.
Get An Offer Today, Sell In A Matter Of Days
I Inherited A House, What To Do Next?
Here’s a few important considerations to help you make the right decision:
1) Make sure the mortgage is paid.
This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property).
Some banks will allow you to assume the loan, while others may force you to refinance into a new loan.
If you don’t qualify for a new loan, renting may not be an option for you.
2) The investment is only as good as the manager.
If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.
Some people who inherit homes decide to keep the house and rent it for extra income.
That’s a great strategy for sure!
You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.
3) Property ownership costs money.
It’s rare to see a building that’s been perfectly maintained.
Most inherited houses need major improvements.
Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs.
SURPRISES are very, very expensive.
4) Selling a property for top dollar costs money.
If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry.
We buy Cherry Hill houses for cash, as-is.
5) If the market will continue to grow faster than your other options, hang on to the investment.
“We can help you analyze the value of your property today versus the long-term benefits of renting.”
If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should.
If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.
6) Uncle Sam wants a piece of the action.
Don’t forget to discuss your inheritance with tax and legal professionals before you take action.
There are major property and income tax consequences that will dramatically impact the cost of owning your investment.
7) Consider all your options.
In certain situations, we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds.
These kinds of deals can be complicated, but our Cherry Hill investment experience can help you win.
8) Compare a few scenarios.
We’ll help you determine prices for any property near Cherry Hill – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).
Just call us today at (856) 281-1157 or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!
Schedule A Remote Property Evaluation Today
Are you trying to sell a house, but you don't have time for a walkthrough or showing? No problem. Just schedule a remote property evaluation... Choose Zoom, Facetime, or Google Meet. We only need 10 - 15 minutes of your time, to get the information needed to give you a cash offer within 24 hrs. What are you waiting for? Schedule your remote property evaluation now.
Inherited a House? We Can Help You Decide What to Do Next
“Losing a loved one can be a difficult and emotional experience.”
In addition to grieving, you may also be faced with the challenge of managing their estate, including inherited property.
If you’ve inherited a house, you’re likely wondering what to do with it.
At Jeff Buys Houses Cash, we understand the emotional and financial burdens that come with inherited property.
As an experienced and reputable local cash buyer with over 35 years of investing and construction trade experience, we’ve helped many homeowners in New Jersey and Pennsylvania navigate this complex situation.
Understanding Your Options
When you’ve inherited a house, you have several options to consider:
- Keep the property: Maintain the house as a rental property or move in yourself
- Sell the property: Sell the house to a buyer or investor
- Renovate and sell: Renovate the property to increase its value before selling
- Donate or gift: Donate the property to charity or gift it to a family member
However, each option comes with its own set of challenges and responsibilities.
Get An Offer Today, Sell In A Matter Of Days
Challenges of Inherited Property
Managing an inherited house can be overwhelming, especially if:
- The property is in disrepair or needs significant renovations
- You live out of state or cannot manage the property remotely
- You’re dealing with sibling or family conflicts over the inheritance
- You’re unsure about the property’s value or market conditions
How Jeff Buys Houses Cash Can Help
As a local cash buyer with extensive experience in inherited property solutions, we can help you:
- Sell quickly: Avoid lengthy real estate agent commissions and closing processes
- Minimize hassle: Handle renovations, repairs, and cleaning
- Maximize value: Get a fair cash offer based on the property’s potential
- Resolve conflicts: Provide a neutral, hassle-free solution for multiple heirs
Benefits of Working with Jeff Buys Houses Cash
When you work with us, you can expect:
- Fast and fair cash offers: Typically within 24 hours
- No realtor fees or commissions: Save thousands on closing costs
- No repairs or renovations needed: We handle all renovations and repairs
- Flexible closing: Close on your schedule, often in as little as 7-14 days
What to Expect from Our Process
- Initial consultation: Discuss your situation and goals
- Property evaluation: (remote or in-person) Assess the property’s condition and value
- Cash offer: Receive a fair, no-obligation offer
- Closing: Close the sale and receive payment
Don’t Face This Challenge Alone
If you’ve inherited a house and are unsure what to do, contact Jeff Buys Houses Cash today.
With our expertise and support, you can:
- Gain clarity: Understand your options and make informed decisions
- Reduce stress: Let us handle the complexities of inherited property
- Move forward: Focus on your future, not your loved one’s estate
Call Jeff directly at (856) 281-1157 or fill out the online form to schedule a remote or in-person property evaluation.
Schedule A Remote Property Evaluation Today
Are you trying to sell a house, but you don't have time for a walkthrough or showing? No problem. Just schedule a remote property evaluation... Choose Zoom, Facetime, or Google Meet. We only need 10 - 15 minutes of your time, to get the information needed to give you a cash offer within 24 hrs. What are you waiting for? Schedule your remote property evaluation now.Additional Resources
- Blog: Learn more about managing inherited property
- Testimonials: Here from satisfied clients
- FAQs: Find answers to common questions
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Inherited a house? Don’t let inherited property stress weigh you down. Contact Jeff Buys Houses Cash to explore your options and find a solution that works for you.