215. How To Decide Whether To Sell Or Keep Your Inherited Property In Columbus OH

We Buy Houses In Columbus, Ohio. Are you trying to decide whether to sell or keep your inherited property in Columbus? It can be frustrating spending money on a house in order to sell it, especially one that wasn’t yours. We are homebuyers in Ohio and in our latest post, we help you learn more about your selling options! 

Whether or not you knew about the inheritance, you might be faced with some unexpected challenges once the property is in your name. Owning a house can be expensive. The bills, the taxes, the maintenance, and the unexpected repairs can come as a shock. As any investor will tell you, the longer you own it, the more it is costing you. Before you make a decision about whether to sell or keep the inherited property, ask yourself a few questions. Take the time to learn about the market and the property in question, to better help with your decision. Below, we will offer some tips to help you determine if you should keep or sell your inherited property in Columbus. Will will also offer some insight into the best ways to sell.

Ask Yourself These Questions In Columbus OH


Do You Have A Use For The Columbus Ohio Property?

Holding onto it for sentimental reasons is fine if that’s what you want to do, but don’t feel as if you are obligated to keep the house. Only keep the property if you have a sincere use for it. There is no sense in holding onto a property that will just end up sitting there.

Are There Other Owners In Ohio?

If there are other owners of the property, you will all need to sit down and come to a consensus. Work together to decide if the home should be kept or sold. If there is an odd man out, consider buying them out as not to cause further disagreement. Remember, it is just a house, and the person who passed it down to you would never want to see their gift become an argument.

If You Decide You Want To Sell The Ohio Property, How Much Can You Spend Upfront?

If the home has not yet been cleared out, that should happen first and foremost. A traditional property listing will come with some upfront costs. You’ll likely need to make some repairs to the house and have it professionally cleaned. It’s tricky making repairs to a house you’ve never owned. You may not know what you’re getting into. You don’t want to find yourself down a rabbit hole, spending thousands and thousands on a house you want to sell anyway. Depending on how you decide to sell, you could face not only repair costs but costs for marketing too.

Ohio Probate Attorney Summary For Selling House

Homesmith - Ohio Attorney Probate Process Summary
For a quick summary to help with the understanding of how to sell a probate property in Ohio, watch the above video featuring Hank Schaefer, Probate Attorney of Groth & Associates, Attorneys at Law based in Toledo, Ohio. Hank explains the key elements of the process. He can be reached directly with any questions at www.GrothLaw.com. Or contact Homesmith for more information on how we can help.

Ways To Sell In Columbus OH

List It In Ohio

Listing your inherited property in Columbus will require you to get the property ready for the MLS. Take a look at what other homes are selling for, and how your property stacks up. Be realistic with your prices, and don’t spend too much over-improving. When you list an inherited home, you may feel frustrated to suddenly have to spend money selling a house that isn’t yours.

Sell On Your Own In Ohio

Selling the house using an FSBO listing will save you on the commission, but you will still need to pay for cleaning repairs, marketing, and other selling costs.

In most cases, selling on your own to a regular buyer will take longer and ultimately put less in your pocket.

Sell To An Investor In Ohio

When you sell your inherited property to Homesmith, you will not need to spend a dime out of pocket. Nor will you have to pay expensive commissions, agent fees, or administrative costs. By selling the property directly, you will be able to quickly receive your profits and move on from the house without spending months making repairs and waiting for the property to sell.

Sell My House In Columbus OH

If you need to sell your house in Ohio fast and just want a quick and effective sale so you can walk away, you can sell it to us. We’re professional Columbus home buyers and we offer cash for houses in Ohio. Just reach out to us or fill out the form on this website so we can quickly look at your situation and make you a fast-fair cash offer on your Central Ohio home.

To learn more about whether to sell or keep your inherited property in Columbus, reach out to us! We are happy to answer any questions you have. (614) 401-3651 or (877) HOMESMITH

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