When a loved one passes away, the task of figuring out what to do with an inherited property can seem overwhelming. Beneficiaries typically choose one of three options—live in the property, rent it, or sell it—but the decision may not be easy during times of emotional stress.
Whether you know your next move with the property or want more options, we can help.
Inherited property can bring a lot of emotional and logistical stress:
Grieving the loss of a relative while worrying about financial responsibilities
Facing a co-inheritance with family members who disagree
Overwhelmed by the prospect of making property repairs and decisions
Competing priorities leave you with insufficient time to think and plan
Easy Sale. The fastest, simplest path to cash. Ideal if you want to eliminate the responsibilities and hassles of property ownership.
Installment Sale. Get better pricing, upfront cash, and a steady income while deferring taxes. A good option if you need cash now but want to skip the tax bill, or if you don’t have a plan for sale proceeds.
Ground or Master Lease. Get cash, retain ownership, and earn passive income. A smart choice if you want passive income with zero headaches, or if you’re not ready to deal with sale proceeds.
Partnership. Maintain ownership and customize your level of involvement while boosting your property’s value. A good choice if you want to improve the property and participate in the upside, without the hassles or headaches of a big project.