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

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 San Antonio real estate, and we're looking to buy several houses each month in the San Antonio Texas 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 is an option to consider.

If the property is in another state, if tenants aren't your thing, or you don't want to or can't invest the time and money into the property, you can sell it.

Many people we work with have inherited properties that are vacant, in disrepair, or located in another city or state. In these situations, selling often makes the most sense.

5) You're not alone.

Inheriting a property can be overwhelming. Between probate, estate taxes, clearing out personal belongings, and deciding what to do with the house itself, there's a lot on your plate. Remember that you have options and resources available to help.

The Benefits of Selling Your Inherited House

When you inherit a house, keeping it isn't always the best option. Here are some benefits of selling:

• Immediate cash: Instead of ongoing expenses and responsibilities, you get a lump sum that you can use or invest as you see fit
• No maintenance worries: Old houses often need extensive repairs that can be costly and time-consuming
• Avoid property taxes: Property taxes, insurance, and utilities add up quickly
• Simplify probate: Selling the property can make settling the estate much simpler
• Split proceeds easily: If multiple heirs are involved, cash is much easier to divide than property

We Buy Inherited Houses in San Antonio

If you've decided that selling your inherited house is the right choice, we can make the process simple and stress-free. At Gabe Buys Houses:

• We buy houses as-is – no repairs or cleaning needed
• We can close quickly, often in 7-14 days
• We handle all the paperwork
• No real estate agent fees or commissions
• We can work with properties in probate

Don't let an inherited house become a burden. We understand this is a difficult time, and we're here to help make at least this part of the process easier.

Get a fair cash offer today by contacting us or calling (210) 774-4400. There's no obligation, and we can answer any questions you have about selling your inherited property.