How To Decide Whether To Sell Or Keep Your Inherited Property In Albany, California with some interesting facts

View of Albany from Albany Bulb, with Albany Hill on the left
By LPS.1Own work, CC0, Link

Are you trying to decide whether to sell or keep your inherited property in Albany, California? It can be frustrating spending money on a house in order to sell it, especially one that wasn’t yours. 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 Albany, California. Will will also offer some insight into the best ways to sell.

Ask Yourself These Questions

Do you have a use for the 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?

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, 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.

Ways To Sell

List It

Listing your inherited property in Albany, California 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

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

When you sell your inherited property to 247Homebuyers.com, 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.

To learn more about whether to sell or keep your inherited property in Albany, California, reach out to us! We are happy to answer any questions you have. (925) 852-8261

 

Here are some interesting facts about Albany, California

Albany, California, in Alameda county, is 1 mile NW of Berkeley, California and 5 miles N of Oakland, California. The city is considered part of the Oakland metropolitan area. Albany has a population of 16,444.

Albany History

In 1908, a group of local women objected the dumping of Berkeley garbage in their community. They confronted the drivers of the wagon near what is now the corner of San Pablo Avenue and Buchanan Street. The local women told the drivers of the horse drawn garbage wagons to go home, which they did quickly and without objection. The inhabitants of the town voted to incorporate as the City of Ocean View, shortly thereafter. In 1909, voters changed the name of the city, mainly to differentiate the city from the adjacent section of Berkeley which had previously been named Ocean View. On a vote of 38 to 6, the city was renamed in honor of Albany, New York.

Albany and nearby Attractions

  • Terrace Park
  • Memorial Park
  • Ocean View Park
  • Opal Staniek Tot Lot
  • Ohlone Greenway
  • Albany Hill

Things To Do In Albany

The Albany community center is the focal point of various recreation activities in the city. It hosts numerous events, parties, receptions and meetings. The city has many parks which are great places to hang out with friends and family members during leisure time. There are also many good restaurants and cafes in the city.

Albany Transportation

Air Transportation is available from Metropolitan Oakland International airport.

Albany Higher Education

University Of California-Berkeley serves the city.

 

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