{"id":1521,"date":"2019-02-10T04:56:06","date_gmt":"2019-02-10T12:56:06","guid":{"rendered":"http:\/\/chrisbuyshomesstlseller.oncarrot.com\/?p=1521"},"modified":"2019-02-10T04:56:06","modified_gmt":"2019-02-10T12:56:06","slug":"i-inherited-a-house-what-to-do-should-i-rent-or-sell-in-affton-mo","status":"publish","type":"post","link":"https:\/\/www.chrisbuyshomesstl.com\/blog\/i-inherited-a-house-what-to-do-should-i-rent-or-sell-in-affton-mo\/","title":{"rendered":"9. I Inherited A House, What To Do? \u2013 Should I Rent Or Sell In Affton, MO?"},"content":{"rendered":"

\u00a0<\/p>\n

We Buy Houses In Affton, Missouri<\/a> and we are here to guide you. 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

Are you planning to sell your home in Missouri? You might be thinking, \u201cI inherited a house, what to do with this house?\u201d “Should I rent it?” “Should I sell it?” “How should I sell my house in Affton, MO?”<\/p>\n

Tons of options<\/a> open for you, but we can help.<\/p>\n

We\u2019re seasoned Missouri home buyers and investors in real estate business, and we\u2019re looking to purchase several houses each month in the Affton, MO area. Every month we get calls from those who have inherited a property and are looking to sell the house<\/a>\u2026so below are some tips to help you navigate the process.<\/p>\n

“I Inherited A House, What To Do Next?”<\/h2>\n

Here are a few important considerations to help you make the right decision<\/a>:<\/p>\n

1) Make sure the mortgage in Missouri is paid<\/h2>\n

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had\u00a0no mortgage<\/em><\/strong>\u00a0and 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

2) The investment in Affton, MO is only as good as the manager<\/strong><\/h2>\n

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. 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

3) Affton, Missouri property ownership costs money<\/h2>\n

It\u2019s rare to see a building that\u2019s been perfectly maintained. Most inherited houses\u00a0need major improvements<\/a>.<\/p>\n

Consider hiring a professional property inspector<\/a> 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

4) Selling your Affton property for top dollar costs money<\/h2>\n

If you don\u2019t want to deal with making repairs, updating kitchens, improving landscaping, and overall cleanup<\/a>, don\u2019t worry. We buy Affton, MO houses<\/a><\/strong>\u00a0for cash, as-is.<\/p>\n

5) If the market in MO will continue to grow faster than your other options, hang on to the investment<\/h2>\n

We can help you analyze the value of your property<\/a> 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

6) Uncle Sam wants a piece of the action in Missouri<\/h2>\n

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<\/a> of owning your investment.<\/p>\n

7) Consider all your options in Affton, Missouri<\/h2>\n

In certain situations, we may be able to help you structure a lease-option agreement that allows you to rent and sell<\/a> at the same time \u2013 capturing the best of both worlds. These kinds of deals can be complicated, but our Affton, MO investment experience can help you win.<\/p>\n

8) Compare a few scenarios in Affton<\/h2>\n

We\u2019ll help you determine prices<\/a> for any property near Affton, MO \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

Cash For Houses In Affton, MO<\/h2>\n

With the above knowledge on inherited properties<\/a> in MO \u2013 what sellers need to know is that you can guard yourself by calling Chris Buys Homes in St. Louis <\/a>and we shall assist you in the shortest time possible by buying your home ourselves. We are legitimate cash homebuyers in Missouri and to fast track the process, kindly fill out our website contact form to give us more information about you. If you need to sell your house in St. Louis<\/a> as quickly as possible, we can make you a fair cash offer!<\/p>\n

Just call us today at (314) 334-1481 or\u00a0<\/strong>contact us<\/a><\/strong>\u00a0now for more information on how we can make you a fair cash offer on your inherited house today!<\/strong><\/h3>\n

\u00a0<\/strong><\/h3>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 We Buy Houses In Affton, Missouri and we are here to guide you. 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. Are you planning to sell your home in Missouri? You might be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"inline_featured_image":false,"footnotes":""},"categories":[17,18,19],"tags":[],"class_list":["post-1521","post","type-post","status-publish","format-standard","hentry","category-real-estate-articles","category-real-estate-market-statistics","category-real-estate-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts\/1521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/comments?post=1521"}],"version-history":[{"count":0,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts\/1521\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/media?parent=1521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/categories?post=1521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/tags?post=1521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}