Have You Recently Inherited a Home in Erie, PA?

If you’ve recently inherited an older home in Erie, you might feel overwhelmed by the mess and potential maintenance needs. Here are some practical ways to handle an inherited house. But, the first thing to do is decide whether you want to keep the property or sell it. Some of the advice below works for both situations.

Consider Your Options

First, consider whether to Keep or Sell the Property. If the house doesn’t have a mortgage, it could be a great first home for a family member. Alternatively, you can think about renting it regularly or for vacations. However, before you dive into vacation rentals, it’s important to look at the legal aspects. If you’re leaning towards renting it out, you can also read this article comparing renting to selling. Regardless of your decision, avoiding a long vacancy is crucial to prevent issues with an empty property.

Here are six tips for managing your inherited home in Erie:

Create a Task List:

Begin by making a list of all the things you need to do, like painting, updating fixtures, and decluttering. This list will help you prioritize and figure out what to do right away and what can wait.

Get Organized and Declutter:

Empty each room so you can see what needs to be done. Put items into labeled boxes for easier moving or disposal if needed. Take it one room at a time to stay on top of the project.

Sort Through Belongings:

Spend time going through everything in the Erie home to decide what to keep, donate, or throw away. Get help from friends or family to make this process easier. Organize the house so everything has a place.

Research the Home:

Learn about the Erie property’s history, any past renovations, and possible issues. This will prepare you for necessary maintenance and care.

Consider an Inspection for Rental:

If you plan to rent the property, it’s important to have it inspected. An inspection can reveal safety issues, maintenance needs, legal compliance problems, and potential tenant satisfaction concerns.

Create a Budget: Make a budget for basic maintenance, improvements, and repairs to figure out the necessary finances. Tracking expenses will help you stay on target and ensure you consider all costs.

Selling an Inherited Home in Erie: If you decide to sell the inherited home in Erie, you have three options:

1. Hire a Real Estate Agent: An experienced realtor can assess the property’s condition and provide advice on making it more appealing to potential buyers. This may involve investing in repairs, staging, or decluttering.
2. For Sale by Owner (FSBO): You can sell the house independently, avoiding commissions and other agent-related costs. This method involves listing the property online or in local publications and managing showings.
3. Sell to a Cash Homebuyer: Think about selling the house to a cash homebuyer, like 814 Home Buyers. They can give a fair offer in around 24 hours and often close the sale within a week. You won’t need to deal with repairs or inspections, and there are no additional charges like commissions or closing costs.

To learn more, contact 814 Home Buyers at 814-738-1212 or fill out their website form. They are known for their professionalism and honesty, and you have nothing to lose by exploring this option.