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 now? Do you want to sell your house fast in Omaha, Lincoln or Council Bluffs?
You Might Need To Do A Probate
First of all, the property will most likely have to go through a probate process in Omaha, Lincoln or Council Bluffs depending on how it is currently deeded. Check into the local and state laws regarding the inherited property in Omaha. If you have already completed probate, you may have to do an 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 and to sell your probate house fast in Omaha, contact Harter Investments at 402-939-6556 to discuss potential probate for your unwanted inherited property in Omaha, Nebraska.
You Could Rent It 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 Omaha, Lincoln and Council Bluffs 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. If being a land lord is something you are not interested in and would like to sell your property fast in Omaha, Lincoln or Council Bluffs contact Harter Investments at 402-939-6556.
You Could Sell The Property
If you do not want to live in or occupy the property in any way, then selling your house fast in Council Bluffs would be another option of what to do with your unwanted inherited property. Please call us at 402-939-6556 to discuss the market value of the property and the possible options of selling your unwanted inherited property. Do a little research to see what similar properties to yours are selling for before calling any local real estate buyer or real estate agent in Council Bluffs and Omaha. Get a good idea of what fair market value is, that way you’re not shocked when you hear the price. Keep in mind, cash buyers with quick closings 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
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.