What To Do With Your Unwanted Inherited Property In Sacramento

You’ve recently been notified that a distant relative has passed away and has left you their home in their will. The property is located in Sacramento, but you live in San Francisco. You don’t have any desire to move to Sacramento, nor do you have the time or money to upkeep a property that’s not even located in your city. So, now what? What do you do with this unwanted property?

Selling the home may be the best option for you. But, before putting your inherited home on the market, there are a few things you need to take into consideration. Fortunately, there are a few options available to you. This blog post will outline a few of those options and provide some tips on how to make the process as smooth as possible.

1. Option One: Sell The Property As-Is 

If you decide to take this route, it is important to find a real estate agent who is familiar with selling inherited properties. There are a few extra steps involved in the sale of an inherited property, so it is important to find an agent who knows what they are doing. This is the most common way to sell a property. You’ll need to interview agents and find one that you’re comfortable working with. Be sure to ask about their experience selling inherited properties and their success rate. It is also important to be realistic about the price you are asking for the property. Because you are selling the property as-is, potential buyers will likely be looking for a discount. If you’re not comfortable working with agents, You can sell it yourself, however, this option can be time-consuming, but it can also save you money on commissions and other fees. If you go this route, be sure to research the Sacramento housing market so you can price your property competitively. 

2. Option Two: Make Some Updates And Then Sell 

If you have the time and money to make some updates to the property before selling, this can be a great option. Even something as simple as painting the walls and updating the floors can make a big difference in how quickly the property sells and for how much. If you decide to go this route, be sure to consult with a real estate agent to get an idea of what updates will add the most value to your property. You can also opt to contact a cash home buyer. There are companies that will buy your property for cash, no matter its condition or location. This option is fast and easy, but you probably won’t get full market value for your property. 

3. Option Three: Rent The Property Out 

If you do not want to sell the property right away or do not have the time or money to make any updates, renting it out may be a good option for you. Be sure to consult with a real estate agent or property manager to get an idea of what rent you can reasonably charge for your property. It is also important to be aware of the potential risks associated with being a landlord, such as dealing with problem tenants or having to make repairs on the property.

Selling an unwanted inherited property in Sacramento doesn’t have to be difficult. There are three main options: listing it with a real estate agent, selling it yourself, or contacting a cash home buyer. Be sure to consult with a real estate professional before making any decisions, as they will be able to help guide you through the process and ensure that everything goes smoothly. Thanks for reading! Choose the option that best suits your needs and get started today!