3 Financial Options for Selling an Inherited Property in Sacramento

Inheriting a property presents a chance for a windfall, but it could also be stressful. Thankfully, you may have more options than you think when it comes to selling an inherited property. Read on to find out the 3 financial options you can pursue when selling an inherited property in Sacramento.

Your loved one intended a meaningful gesture when they left you with their property, but an inherited property isn’t always convenient to own. There are additional bills, expense, maintenance, upkeep, and stress; it can be time-consuming.

If you are thinking of selling, you’ll probably start Googling Sacramento real estate agents. However, you might be surprised to learn that you have other options worthy of your consideration In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Sacramento?

First, Let’s Talk About Selling Through an Agent

Financial Options You Can Pursue When Selling an Inherited Property SacramentoThere’s nothing wrong with selling through a real estate agent. But, you should be aware that an agent may want you to fix up the inherited property before they are willing to list it. 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.

So, what are the other options?

Now Let’s Look at the Other Options

Option #1. Refinance

If you’re not ready to sell the property, you could turn it into an investment. You can refinance the property with a bank and use that money for other things (of course, this assumes you inherited a property without a mortgage that has some equity). This compromise lets you tap into the value of the house without making any decisions about selling it just yet.

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 making payments additional to their rent to slowly purchase the property, or, by waiting until their credit is cleaned up to purchase the house with a mortgage).

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 (which can take months), you can work with a house-buying company (like what we do here at California Family Homebuyers). Investor will often buy your house as-is for cash, usually in as little as a few days. It’s fast, simple, and doesn’t require nearly as much work as going through the MLS.

There you have it! 3 financial options you can pursue when selling an inherited property in Sacramento!

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 (916) 907-6116.

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