{"id":963,"date":"2024-05-16T03:05:50","date_gmt":"2024-05-16T07:05:50","guid":{"rendered":"https:\/\/resimpliwebsites.com\/fit4uhomesllc\/?p=963"},"modified":"2024-05-16T03:06:56","modified_gmt":"2024-05-16T07:06:56","slug":"inherited-a-house-what-to-do-in-northwest-indiana-lake-porter-county","status":"publish","type":"post","link":"https:\/\/www.fit4uhomesllc.com\/inherited-a-house-what-to-do-in-northwest-indiana-lake-porter-county\/","title":{"rendered":"I Inherited a House, What To Do? \u2013 Should I Rent or Sell in Gary, Griffith, Lake Station, Hobart, Merrillville, Crown Point, Schererville, Portage, Valparaiso, Chesterton, Cedar Lake, Hammond, Michigan City, Hebron?"},"content":{"rendered":"\n<p>First, we\u2019re 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.<\/p>\n\n\n\n<p>You\u2019re thinking, \u201cI inherited a house, what to do with this house?\u201d Should I rent it? Should I sell it? &nbsp;How should I sell it?<\/p>\n\n\n\n<p>Tons of options open for you, but\u2026<\/p>\n\n\n\n<p>\u2026 we can help.<\/p>\n\n\n\n<p>We\u2019re seasoned&nbsp;<em>investors in Gary, Griffith, Lake Station, Hobart, Merrillville, Crown Point, Schererville, Portage, Valparaiso, Chesterton, Cedar Lake, Hammond, Michigan City, Hebron real estate<\/em>, and&nbsp;we\u2019re looking to buy&nbsp;several houses each month in the Gary, Griffith, Lake Station, Hobart, Merrillville, Crown Point, Schererville, Portage, Valparaiso, Chesterton, Cedar Lake, Hammond, Michigan City, Hebron Indiana area. Every month we get calls from those who have inherited a house and are looking to sell the house\u2026 so the info below are some tips to help you navigate the process.<\/p>\n\n\n\n<h2 id=\"h-i-inherited-a-house-what-to-do-next\">I Inherited A House, What To Do Next?<\/h2>\n\n\n\n<p>Here\u2019s a few important considerations to help you make the right decision:<\/p>\n\n\n\n<h3 id=\"h-1-make-sure-the-mortgage-is-paid\"><strong>1) Make sure the mortgage is paid.<\/strong><\/h3>\n\n\n\n<p>This may sound obvious, but if the person who left you a property also had a mortgage (unless it had&nbsp;<em><strong>no mortgage<\/strong><\/em>&nbsp;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\u2019t qualify for a new loan, renting may not be an option for you.<\/p>\n\n\n\n<h3 id=\"h-2-the-investment-is-only-as-good-as-the-manager\"><strong>2) The investment is only as good as the manager.<\/strong><\/h3>\n\n\n\n<p>If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn\u2019t the best use of your time, hire a professional to help you or cash out now. &nbsp;Some people who inherit homes decide to keep the house and rent it for extra income. That\u2019s 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.<\/p>\n\n\n\n<h3 id=\"h-3-property-ownership-costs-money\"><strong>3) Property ownership costs money.<\/strong><\/h3>\n\n\n\n<p>It\u2019s rare to see a building that\u2019s been perfectly maintained. Most inherited houses&nbsp;need major improvements.<\/p>\n\n\n\n<p>Consider hiring a professional property inspector to give you a detailed rundown on what you\u2019ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.<\/p>\n\n\n\n<h3 id=\"h-4-selling-a-property-for-top-dollar-costs-money\"><strong>4) Selling a property for top dollar costs money.<\/strong><\/h3>\n\n\n\n<p>If you don\u2019t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don\u2019t worry.\u00a0<strong><a href=\"https:\/\/resimpliwebsites.com\/fit4uhomesllc\/\" target=\"_blank\" rel=\"noreferrer noopener\">We buy Gary, Griffith, Lake Station, Hobart, Merrillville, Crown Point, Schererville, Portage, Valparaiso, Chesterton, Cedar Lake, Hammond, Michigan City, Hebron houses<\/a><\/strong>\u00a0for cash, as-is.<\/p>\n\n\n\n<h3 id=\"h-5-if-the-market-will-continue-to-grow-faster-than-your-other-options-hang-on-to-the-investment\"><strong>5) If the market will continue to grow faster than your other options, hang on to the investment.<\/strong><\/h3>\n\n\n\n<p>We 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\u2019t have anything better to do with the money and the neighborhood is rising in value, hang on \u2013 real estate can be a great investment if you know how to correctly read the market.<\/p>\n\n\n\n<h3 id=\"h-6-uncle-sam-wants-a-piece-of-the-action\"><strong>6) Uncle Sam wants a piece of the action.<\/strong><\/h3>\n\n\n\n<p>Don\u2019t 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.<\/p>\n\n\n\n<h3 id=\"h-7-consider-all-your-options\"><strong>7) Consider all your options.<\/strong><\/h3>\n\n\n\n<p>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 \u2013 capturing the best of both worlds. These kinds of deals can be complicated, but our Valparaiso investment experience can help you win.<\/p>\n\n\n\n<h3 id=\"h-8-compare-a-few-scenarios\"><strong>8) Compare a few scenarios.<\/strong><\/h3>\n\n\n\n<p>We\u2019ll help you determine prices for any property near Valparaiso \u2013 if you sold 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).<\/p>\n\n\n\n<h3 id=\"h-just-call-us-today-at-219-900-8789-or-contact-us-now-for-more-informationon-how-we-can-make-you-a-fair-cash-offer-on-your-inherited-house-today\">Just call us today at (219) 900-8789 or\u00a0<a href=\"https:\/\/resimpliwebsites.com\/fit4uhomesllc\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">contact us<\/a>\u00a0now for more information<br>on how we can make you a fair cash offer on your inherited house today!<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>First, we\u2019re 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\u2019re thinking, \u201cI inherited a house, what to do with this house?\u201d Should I rent it? Should I sell it? &nbsp;How should I sell it? Tons [&hellip;]<\/p>\n","protected":false},"author":1888,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.1 (Yoast SEO v20.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fit4UHomes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fit4uhomesllc.com\/inherited-a-house-what-to-do-in-northwest-indiana-lake-porter-county\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_US\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"I Inherited a House, What To Do? \u2013 Should I Rent or Sell in Gary, Griffith, Lake Station, Hobart, Merrillville, Crown Point, Schererville, Portage, Valparaiso, Chesterton, Cedar Lake, Hammond, Michigan City, Hebron?\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"First, we\u2019re 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\u2019re thinking, \u201cI inherited a house, what to do with this house?\u201d Should I rent it? Should I sell it? &nbsp;How should I sell it? Tons [&hellip;]\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fit4uhomesllc.com\/inherited-a-house-what-to-do-in-northwest-indiana-lake-porter-county\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Fit4UHomes\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T07:05:50+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T07:06:56+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"Antoine Brown\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"Antoine Brown\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fit4uhomesllc.com\/inherited-a-house-what-to-do-in-northwest-indiana-lake-porter-county\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fit4uhomesllc.com\/inherited-a-house-what-to-do-in-northwest-indiana-lake-porter-county\/\"},\"author\":{\"name\":\"Antoine Brown\",\"@id\":\"https:\/\/www.fit4uhomesllc.com\/#\/schema\/person\/7f58f6663775d86409a3b6bcec53e7eb\"},\"headline\":\"I Inherited a House, What To Do? 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