What should you do with that inherited house now? Sure, you’re grateful to be on the person’s will; but inheriting a home comes with a lot of unexpected responsibilities. For example, you’ll now be responsible for taxes, insurance, and any leftover debt like mortgage payments or liens. At Hammock, we can help with these responsibilities. 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 — The biggest obstacle here will be finding tenants that you can trust to take care of the home. Be sure to have enough money set aside for repairs or replacement of appliances as they come up.
Sell With an Agent — If you’re willing to repair what’s broken and update what’s outdated, then you might consider selling the home the traditional way. Be prepared to cover expenses until it is sold. You may need to pay for any needed repairs found on a home inspection report as well.
Sell To a Professional Home Buyer — This is the easy way. At Hammock, we buy houses just like yours in and around Hillsborough County, Florida.
When you work with Hammock, you get to relax while we do the work. We can close quickly so you don’t have to continue paying for the property. You don’t have to do any repairs; we can even empty the house out if you’d rather not do that.
Knowledge is power; now you know some of your options.