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

John Constantine • December 27, 2018

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, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it? How should I sell it?


Tons of options open for you, but…


… we can help.


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

I Inherited A House, What To Do Next?


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


1) Make sure the mortgage is paid.


This 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 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) 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 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 Bradenton houses for cash, as-is.


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


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’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.


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 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 Palmetto investment experience can help you win.


8) Compare a few scenarios.


We’ll help you determine prices for any property near Palmetto – 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).


Just call us today at (941)-786-0009 or contact us now for more information on how we can make you a fair cash offer on your inherited house today!

10 Things That Can Make it Difficult to Sell Your House in Bradenton

By John Constantine • June 23, 2024
Selling a house in Bradenton can be a complex and often challenging endeavor. The local real estate market conditions, the state of your property, and competition from other sellers are just a few of the many factors that can complicate the process. Finding a reliable real estate agent, navigating through a mountain of paperwork, and waiting patiently for the right buyer to come along can add significant stress and frustration. However, there is an alternative solution that can streamline the process and alleviate much of the burden – selling directly to Golden Rule Home Solutions. In this blog post, we’ll explore the top 10 challenges that can make selling your house in Bradenton difficult, and explain how Golden Rule Home Solutions can help you overcome these obstacles with ease.

6 Simple Tips to Help You Sell Any Unwanted Property in Bradenton

By John Constantine • June 16, 2024
Trying to sell an unwanted property in Bradenton can quickly become an overwhelming and stressful ordeal. From navigating the complexities of the local real estate market to dealing with time-consuming and costly repairs, the process is often fraught with challenges. Fortunately, there are some simple strategies that can help streamline the sale of your property, minimizing stress and ensuring a smooth transaction. In this blog, we’ll explore six straightforward tips to help you sell any unwanted property in Bradenton with ease.  Additionally, we’ll introduce you to Golden Rule Home Solutions, a trusted solution that allows you to sell your property through a direct sale, saving you from paying costly commissions and shouldering the burden of extensive repairs. With these practical tips and the assistance of Golden Rule Home Solutions, you can approach the sale of your unwanted property in Bradenton with confidence, knowing that a hassle-free experience is well within reach.

What You Need to Know About Real Estate Disclosures When Selling Your House in Bradenton

By John Constantine • June 9, 2024
When selling a property in Bradenton, navigating real estate disclosures is a crucial aspect of the process. Real estate disclosures play a key role in safeguarding buyers and providing them with essential information to facilitate an informed purchase decision. Discover the ins and outs of real estate disclosures to streamline your house sale in Bradenton.

10 Benefits of Selling Your House Directly in Bradenton

By John Constantine • June 2, 2024
Navigating the process of selling a property can be a daunting endeavor, requiring significant patience, time, and effort – especially in a highly competitive market like Bradenton, where numerous competing listings vie for buyers’ attention. Traditional methods, such as working with a real estate agent, often involve a prolonged waiting period of weeks or even months before finding the right buyer and finalizing the transaction.  However, for homeowners seeking a swift and hassle-free selling experience, the option of selling directly to a professional buyer like Golden Rule Home Solutions presents an attractive alternative. This direct selling approach offers several key benefits, making it an increasingly popular choice for those looking to bypass the complexities of traditional selling methods. In this blog post, we’ll explore the top 10 advantages of selling your house directly in Bradenton, empowering you with valuable insights to determine if this path is the right fit for your unique circumstances and goals. By understanding the potential benefits, you can make an informed decision that aligns with your priorities and ensures a smooth, efficient sale

Sell My House Fast In Bradenton – What Are My Options?Sell My House Fast In Bradenton – What Are My Options?

By John Constantine • January 15, 2023
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Home Buyers In Bradenton – We Analyze The 3 Ways To Sell

By John Constantine • January 11, 2023
Looking For Home Buyers In Bradenton? We Analyze The 3 Ways To Sell Your Home In Bradenton If you own a home and are thinking about selling to home buyers in Bradenton, you have a number of selling options available to you. In this blog post, we’ll look at those 3 ways and break them down to help you determine which way is best for you. For most people, owning a home is the largest purchase of their lives. So it’s not surprising that the process of buying a home or selling a home can be extremely complex. Over the years, three home-selling options have developed to allow homeowners like you to sell to home buyers in Bradenton. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell. Not sure with of these methods below is right for you? Click here to fill out the form or call (941)-786-0009 and we’d be happy to give you a no-obligation consultation 

Buy My House For Cash In Bradenton – Our Florida Cash For Houses Program

By John Constantine • January 8, 2023
One question we get all of the time here at Golden Rule Home Solutions about our local Bradenton house buying program is, “Can you buy my house for cash in Bradenton or do I have to wait for a buyer to get a bank loan?“. Great question and totally valid. 95% of all buyers of houses listed with a real estate agent go through the traditional “bank loan” process, which can take from 20-60 days from the time you accept their offer, to actually close on the property. All the while you’re paying your mortgage payment, the utilities on the house, insurance, and a real estate agent commission at the end. Keep reading this article to learn about our local “ cash for houses in Bradenton” program and how we can close on your house in as little as 7 days.

A Direct As-is Sale vs. Hiring an Agent When Selling Your House in Bradenton

By John Constantine • August 5, 2020
Are you contemplating selling? You may be curious on which is the better option, a direct sale vs. hiring an agent when selling your house in Bradenton. Circumstances in life can alter your living situation, at times despite your desires. What’s important to note is the time required before closing with each option is just as much of a consideration as the effect each has on your finances.

Kitchen Cabinet Pull Outs in Bradenton and Sarasota – ($200 off Coupon inside)

By John Constantine • July 22, 2020
Have you ever wondered what life would be like if you could roll out shelves in your kitchen cabinets? To simply pull out a magical drawer and voilà!! you find EXACTLY what you were looking for! My significant other and I stumbled across these life changing shelves that slide and decided to have these cabinet pull outs installed at our house in the Bradenton Sarasota area.  Are rolling pull out shelves worth it? “Oh my gosh!! Now cooking will be so much easier!” Elayna screamed when she opened the kitchen cabinets and saw the pullouts for the pantry at our home in Bradenton Sarasota FL. Yes, I SURPRISED her! She then proceeded to roll out and slide back in the shelves over and OVER again with a BIG SMILE on her face. You know that feeling you get when you know you made the right decision? I DEFINITELY had it! I mean, who doesn’t LOVE home cooking?? The answer is, YES, cabinet pull out shelves are ABSOLUTELY worth it!

The 3 Best Mattress Protectors for Airbnb and Vrbo Review for Vacation Rentals – Protecting your beds from stains and bugs

By John Constantine • July 12, 2020
Mattress protectors are essential items for every Airbnb and Vrbo vacation rental host. Heck, they are a necessity in general for every bed in the house. Chances are, you have spent a lot of money on your beds and now you need to make sure your investment is protected. Mattress protectors will do more than just protect your bed from stains, they also can prevent bed bugs, dust mites, allergens, etc. However, when choosing a mattress protector, it’s not as easy as looking at these desirable features. Many of the mattress protectors out there have a lot of issues that can create an uncomfortable night for your guest. Two common issues with mattress protectors on the market are that they make crinkling noises and trap heat . Both of these issues would NOT make a pleasant experience for your Airbnb or Vrbo guests, so picking the wrong mattress protector could result in a negative host review.
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