Tag: inherited-house | Homesmith Group

586. Why Inheriting a Home in Greater Los Angeles Can Be a Hassle for Siblings

February 7, 2023

When siblings inherit a home together, complications are apt to arise, so it’s wise to forearm yourself about how to deal with the possible issues or avoid them altogether. For example, dividing an estate among two or more siblings, especially at such a highly emotional time, can be challenging if there are disagreements or a … Continued

585. Why it Pays to Quickly Sell Your Inherited Home in California

January 31, 2023

By Homesmith

Unfortunately, while close friends or family members may have had the best intentions when they left their house to you, the reality doesn’t always work out favorably for the benefactor. Many who inherit a home have no interest in living on the property. For others, it’s too emotional for them to be in the house, … Continued

573. Three Things You Should Know About Inheriting Real Estate in Riverside, CA

November 8, 2022

By Homesmith

It may sound exciting to have inherited real estate. However, quite often, the reality of inheriting real estate from well-meaning loved ones or friends isn’t pleasant, rarely is the property pristine and free of debt. Therefore, it’s beneficial to consult an attorney and accountant experienced in Southern California real estate, whether you have inherited the … Continued

563. Five Tips for People Who Have Inherited Real Estate in Greater Los Angeles

August 30, 2022

By Homesmith

When you’ve inherited real estate in Greater Los Angeles, it doesn’t necessarily mean congratulations are in order. Instead, it’s the beginning of a long road of decisions and details to handle at an emotionally difficult time. However, as the clock keeps ticking, holding costs will begin to add up, and you’ll need to take quick … Continued

543. Five Downfalls of Inheriting a House in Greater Los Angeles

April 19, 2022

By Homesmith

Often, homeowners will their house to beloved family or friends with the best intentions. But, while it may seem like a windfall when you find out that someone has inherited property, the realities are not always so wonderful. It can be beneficial to understand the problems that could arise on the path before you, so … Continued

528. Five Things You Should Know About Inheriting a Property in Greater Los Angeles

February 1, 2022

By Homesmith

How exciting! You’ve inherited a house! But wait, not so fast. Without giving it much thought, many consider inheriting a house a windfall. However, the reality is that you may be inheriting a sinking ship that you’ll be responsible for, whether you can afford it or not. So while the best intentions may have motivated … Continued

520. How to Decide if You Should Sell Your Inherited House in Greater Los Angeles or Hold Onto It

January 4, 2022

By Homesmith

When you inherit a house, you face many decisions, the first of which is whether or not to keep the property. Although, of course, many factors come into play, and this may not be the best time to make such significant financial decisions, yet time waits for no one. It is helpful to have a … Continued

484. Costs of Holding Onto An Inherited House in Greater Los Angeles

May 25, 2021

By Homesmith

So, you have inherited a house, while this may sound exciting, the reality is less than a pleasure. The truth, however, is that you have inherited expenses along with the house. Well-intentioned loved ones all too often leave their property in their will to beneficiaries that are already struggling to afford their monthly bills. Often, … Continued

456. What You Need to Know About Inheriting Real Estate in Greater Los Angeles

January 12, 2021

By Homesmith

Inheriting real estate is rarely as wonderful as it may appear in movies. The responsibilities that come along with this gift can be extremely overwhelming, especially if it is an older property in a state of disrepair. While your loved one or close friend may have had the best of intentions, often the property is … Continued

344. What To Do With Your Unwanted Inherited Property In Greater Los Angeles

February 19, 2020

By Homesmith

A very popular item that is inherited and frequently unwanted is real estate property. When family members or close friends pass on, they will their property holdings to their next of kin or people who meant a lot to them. This leaves you, the recipient, responsible for property upkeep, possible landlord duties, property taxes and … Continued