Sell My Inherited Property Bakersfield CA

When someone in your family passes away, the next few weeks and months can be some of the most difficult. Not only are you mourning this person, but also you’re having to make arrangements, go through their finances, choose what to sell and keep and so forth. Making all of these decisions while grieving makes everything that much harder.

If you inherited a house in Bakersfield on top of everything else, there are many things you’ll need to take into account. And if the house needs maintenance and repairs, or there’s still a mortgage on it, you need to work fast to make decisions. The first topic to discuss – should you sell the home or keep it?

Keeping an Inherited Home in Bakersfield CA

For some people, it makes sense to take over the home they inherited. If this is the case for you, you’ll want to make sure you can afford the property. How much equity is in the home? Was the mortgage paid off? What are the property taxes? Is the home located in a desirable part of Bakersfield?

You’ll also need to consider any maintenance and repairs the home needs. These will be your responsibility, especially if there is no equity in the home. And, if the mortgage hasn’t been paid off, it could force you into paying more than what your budget allows. As attractive as the inherited property might be, do your homework and make sure you can afford it.

I’d Prefer to Sell My Inherited Property in Bakersfield. Can You Help?

More often than not, we find that people who inherit homes prefer to sell them and split the profits with the other benefactors. This is an easy option but it still comes with a few caveats.

For example, in order to ensure the house sells, you’ll need to work together to make repairs and keep current on the property taxes, homeowners insurance and HOA fees. Someone will also need to clean up the home and take care of the landscaping before listing the property for sale.

If you want to sell your inherited property fast in Bakersfield, then selling for cash is probably the best option. And yes – Pacific Gold Real Estate can help!

What Does it Mean to Sell an Inherited Home for Cash in Bakersfield?

When you want to sell an inherited property fast, a cash sale is an excellent option. With this sale, you can skip over all the formalities of a traditional home sale – staging the home, leaving for showings, waiting for an offer, negotiating with buyers, waiting on financing and more. Cash sales are between you and the buyer – there are no middlemen.

Here is what you need to know about selling an inherited property in Bakersfield for cash.

● Establish the status of the home transfer. There are three ways people usually inherit a home: probate, a living trust or a transfer on death deed. You’ll need to be clear on how you’re inheriting the home, how many benefactors there are and when you can sell the property.

● Assess tax implications. You’ll likely benefit from speaking with a tax professional who can help determine if you’re responsible for paying estate tax, capital gains tax or property tax. If taxes went unpaid, you’ll be responsible for paying back taxes as well.

● Notify creditors. As long as you are the executor or personal representative, you can notify creditors of your loved one’s passing. This allows them to make claims on the property to cover debts. If there’s not enough money to pay creditors, you’ll have to sell the inherited home.

● Distribute personal property. If there are belongings still inside the home, determine how you will distribute them and to whom. Whatever is left can be sold in an estate sale.

● Prepare the home for sale. In a traditional sale, you’re responsible for getting the home on the market. But if you’re selling for cash, there’s not a whole lot you need to do. Cash investors in Bakersfield buy homes as-is. However, if you want a better cash offer, it doesn’t hurt to make a few improvements.

I’m Ready to Sell My Inherited House in Bakersfield for Cash. What’s Next?

If selling your inherited property for cash sounds like the best option, contact Pacific Gold Real Estate for a free cash offer. We can get this to you in 30 minutes! This way, you’ll have numbers to work with and you can discuss them with the other beneficiaries.

For many families, it makes sense to liquidate their inheritance and put the money toward something else like a college education or savings account. They find that the time and money that goes into fixing up and selling an inherited home ends up not being worth it. Find out today what we’ll buy your Bakersfield inherited home for and get cash in your pocket in just seven days!