Inherited a house: Do you have more options than selling?

You inherited a relative’s house, now what? In this video, I will cover the questions that you should ask after you have inherited a home from a family member in Pennsylvania either before or after the probate process. Whether you are the estate administrator, executor, or trustee, there are decisions to be made after you find out you inherited real estate. You have more options than just to sell the inherited property. For the purposes of this video, I will focus on the questions you should ask to decide about whether you should rent it (or keep it) or sell it. 0:00 Overview 1:45 1) Consensus among family members who inherited property 2:20 2) What is the condition of the property 3:50 3) Are there any liens, like a mortgage? 5:11 4) Experience managing rental properties? 6:39 5) What is the best financial decision for the family? 8:25 And a little about taxes GET THE INHERITED HOUSE GUIDE: SELL IR OT KEEP IT? Learn the 5 things every family should know before they decide: https://dwoodsrealestate.com/inherited-guide Get THE ROADMAP TO FINANCIAL FREEDOM TRAINING FOR RENTAL PROPERTY INVESTORS: 🗺️Go from “thinking about it” to buying rental properties: http://rentalportfolioempire.com Let's chat about buying, selling, or managing Philadelphia real estate: 👉Call us: (610) 872-7926 Email: veronica@dwoodsrealestate.com 📆 New Investor Discovery Call: https://calendly.com/veronica-dwre/discovery-call 📆 Rental Income Strategy Session: https://dwoodsrealestate.com/pm-strategy/ 📆 Seller Consultation: https://dwoodsrealestate.com/home-seller-strategy-session MUST WATCH PLAYLISTS: 🏘️Check out our investor playlist: https://rebrand.ly/newinvestors 💲Check out our seller playlist: https://rebrand.ly/Phillyhomeowners GET MORE TIPS: 📨If you want to get more real estate wisdom beyond the videos, sign up for my email list (sent 2x a month): https://dwoodsrealestate.com/subscribe ABOUT VERONICA I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams.