224. What To Do With Your Unwanted Inherited Property In Santa Rosa CA?

We Buy Houses In Santa Rosa California and provide homeowners with the ideal way to sell their home fast by offering cash for houses in Santa Rosa. A very popular item that is inherited and frequently unwanted is real estate property. When family members or close friends pass on, they will their property holdings to their next of kin or people who meant a lot to them. This leaves you, the recipient, responsible for property upkeep, possible landlord duties, property taxes, and possible homeowner’s or property owner’s association fees. 

What To Do With Your Unwanted Inherited Property In Santa Rosa CA?

You Might Need To Do A Probate In  Santa Rosa

First of all, the property will most likely have to go through a probate process depending on how it is currently deeded. Check into the local and state laws regarding the inherited property. If you have already completed probate, you may have to do additional probate in the county or state the property is located, especially if it differs from where you live in order to have full legal rights to the property. For more information regarding these laws, contact "John Buys Bay Area Houses" at (510) 283-9871 to discuss potential probate for your unwanted inherited property in Santa Rosa, California. 

You Could Rent Your California Home For A Profit

If you inherit a single-family or multi-family residential home, and you don’t want to live there, consider renting out the property. This could be a nice addition to your bottom line. You might have to make a few repairs or upgrades to make it marketable, but over a short amount of time, it will be a really good investment since you didn’t have to make a large purchase to have this extra income stream. You might have inherited this home or multi-family property with renters in place; even better! This will save you the trouble of fixing it up and finding tenants.  If you inherit commercial property and you don’t own a business or don’t plan on starting a business, you could also rent this property out! There are plenty of business owners in Santa Rosa looking for a new place to run their business, especially if the property is in a prime location with plenty of traffic. These properties tend to have a pretty nice return. Of course, being a landlord isn’t everyone’s cup of tea. There is a lot of responsibility that falls on the landlord’s shoulders; broken major appliances, roof repairs, cracking driveways, potential structural issues, annual taxes, homeowner or property owner’s association fees, finding new tenants… the list goes on. 

You Could Sell The Property In Santa Rosa

If you do not want to live in or occupy the property in any way, then selling would be another option of what to do with your unwanted inherited property. Please call us at (510) 283-9871 to discuss the market value of the property and the possible options of selling your inherited property. Do a little research to see what similar properties to yours are selling for before calling any real estate buyer or real estate agent. Get a good idea of what fair market value is, that way you're not shocked when you hear the price. Keep in mind, California homebuyers will probably offer you a bit less than average market value because they save you a lot of real estate fees and commissions in the long run, and will often pay for the closing costs.

You Could Give The Property Away In Santa Rosa CA

Since you didn’t buy it and you don’t want it, you could give the property to a charity or the municipality in which it lies. Contact the future recipient for their donation process. You could also give the property to one of your family members or friends, or children. You may still have to go through probate locally in order to take full ownership to donate or give the property as a gift.

Sell My House Santa Rosa CA

Worrying about how to sell your unwanted property or sell your house in CA? We are local home buyers in CA at "John Buys Bay Area Houses" we understand how stressful selling a home can be. The majority of the stress comes from WHY you’re selling. Whatever the situation, don’t get discouraged, were here to help you deal with any challenges you are facing, and through our buying process, help you to put the stress behind you and move on with the money you deserve.

Give John Buys Bay Area Houses a call at (510) 283-9871 or send us a message to discuss what to do with your unwanted inherited property.