I Inherited a House, What To Do? – Should I Rent or Sell in Suwanee GA?

We buy properties in Suwanee GA

We buy houses in Suwanee GA and provide residents with the ideal way to sell their homes fast for cash. First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “What to do with the inherited property? Should I rent it? Should I sell it? How should I sell my house in Suwanee GA?

Tons of options open for you, but…

… we can help.

We’re seasoned investors or homebuyers in Suwanee GA, and we’re looking to buy several houses each month in the Suwanee GA area. Every month, we get calls from those who have inherited a property and are looking to sell the real estate, so the info below are some tips to help you navigate the process.

I Inherited a House in Suwanee GA; What to Do Next?

Here are a few important considerations to help you make the right decision:

1) Make sure the mortgage in Suwanee is paid.

Sell your property in Suwanee GAThis may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The GA investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection, and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now. Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Georgia property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.

4) Selling a Suwanee GA property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping, and overall cleanup, don’t worry. We buy Suwanee GA houses for cash, as-is.

5) If the Georgia market will continue to grow faster than your other options, hang on to the investment.

House buyers in Suwanee GAWe can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action in GA.

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.

7) Consider all your options in Suwanee GA.

In certain situations, we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Suwanee investment experience can help you win.

8) Compare a few scenarios in Suwanee, Georgia.

We’ll help you determine prices for any property near Suwanee if you sell it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).

Cash for Houses in Suwanee GA

Selling an inherited property can be stressful. When you need trusted Suwanee GA home buyers, we’re here to take that stress away, make it a fast and fair experience, and to give you the peace of mind you’re looking for but can’t fully enjoy until that pesky house payment is off your back. We purchase real estate in Georgia that meets our purchasing criteria. From there, we may repair the house and resell it to another homeowner or keep it as a rental ourselves. So, if you want to sell your house in GA

Just call us today at (678) 710-6130 or contact us now for more information on how we can make you a fair cash offer on your inherited house today!

Greg Kurzner, is CEO of Resideum, Atlanta’s Professional Homebuyer company. Greg has been a force in Atlanta real estate for over 30 years. He has been involved in the sale of over 1 Billion in real estate transactions in his career and consistently ranks #1 in sales by units by Atlanta Realtor Association. In addition to Greg being a licensed real estate broker, he is also an Atlanta general contractor and a nationally-recognized expert in investment real estate.

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