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 unexpected emotions and responsibilities:
Grieving the loss of a relative while worrying about financial responsibilities
Facing a co-inheritance with family members who disagree
Overwhelmed by property repairs and decisions
Fear about being forced into property-ownership
Insufficient time to think and prepare
Heightened concerns of a market downturn or unfavorable change in tax law
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.