How To Decide Whether To Sell Or Keep Your Inherited Property In Kanawha County

by | Dec 5, 2022 | Blog

Trying to figure out what to do with property you inherited in Kanawha County? It can be tough to pour money into a house that wasn’t even yours in the first place. But don’t worry; our latest blog post covers all your selling options!

Even if you were aware of the inheritance, you might still struggle with some problems after the property is put in your name. Upkeep for a house is not cheap, from bills and taxes to repairs and maintenance, costs can creep up on you quickly. And as any investor knows, these expenses only grow over time.

Before you finalize anything, take some time to ask yourself a few questions about what you want to do with the property. Educate yourself on the market and learn as much as possible about the particular property in question. The tips we offer below will help serve as a foundation for your decision—whether it is better for you to keep or sell your inherited house in Kanawha County. We will also provide some guidance into ways that may be more effective when selling.

Before You Start Your Journey, Ask Yourself These Questions

Is there a Purpose this Property Can Fulfill?

If you’re only considering keeping the house because of sentimental value, it’s better to reconsider. There’s no shame in selling it—only keep the property if you have a practical use for it.

Do you Have any Business Partners?

If there are other people who own the property with you, it is essential that you discuss what everyone wants to do. Work together and try to come to an agreement about whether to keep or sell the house. If someone disagrees, consider buying them out so that there isn’t more conflict. Remember, it’s just a house—your loved one would never want their gift to cause arguments.

If You are Considering Selling, How Much Can You Afford to Spend Upfront?

Home sellers should start by clearing out the property. A traditional real estate listing comes with some initial expenses, such as house repairs and professional cleaning. It can be difficult to make repairs when you’ve never owned the home, and aren’t aware of the property’s issues. Unanticipated repair costs could cause financial difficulties if you intend to sell the home quickly. You may also incur marketing costs depending on how you choose to list the property for sale.

Methods of Selling

List It

If you want to list your inherited property in Kanawha County, you will have to prepare the house to be presentable for MLS. Compare your house with others that have sold recently, and see where your home lies in terms of value. Additionally, do not over-improve the property; it is a waste of effort and money. Keep in mind that you’ll be spending plenty of money for a home you intend to sell, and that may cause some aggravation.

Start Selling Today on Your Own Terms

Listing your home as a For Sale by Owner will save you from having to pay a commission, but expect to spend money on other necessary procedures like repairs, cleaning, and marketing. In most instances, selling the property yourself will take more time than going through a real estate agent and result in receiving less money.

Find An Investor

3 Oh 4 Investments offers a selling process for your inherited property that is wallet-friendly and easy. You won’t have to spend any of your own money, or pay agents’ fees, administrative costs, or other expensive commissions. We buy houses in Kanawha County with our own direct cash, so by selling the property directly to us, you’ll get your profits quickly and be able to move on from the house without having to wait for months while it sells.

We are transparent and honest about the entire process. Our team of professionals will guide you step-by-step through the process, answer any questions, and provide accurate estimates of how much money you’ll receive for your inherited house.

At 3 Oh 4 Investments, we want to help you decide whether selling or keeping your inherited property in Kanawha County is the right decision for you. We would love to chat with you about any questions or concerns you might have!

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Selling a property in Kanawha County can be an intimidating process that can lead you to multiple costly mistakes if you’re not careful. That’s why we’ve compiled this guide to provide you with essential information on how best to prepare your property for sale while avoiding common pitfalls and expensive repairs.

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