we inhered a 3 BR 2 bath house in harbor city should we sell or rent

Asked by Micwentland, Idaho Sun Apr 26, 2009

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SueCobb, Agent, Torrance, CA
Thu May 6, 2010
I would recommend if you haven't already, is to pull a Preliminary Title Report to check if there are any liens, taxes, or judgements that need clearing off the title prior to selling or renting the property. If you do not have to sell, then don't! If you or anyone in the family ever want to come to California to live, this would be your little pot of gold to do so. I know many many families who sell and move back east for larger and cheaper estates; then decide to come back, can't because the prices are way too high.

Is the property in a Trust? Then the trustee will need to handle the paperwork for whatever you need to do. If in a Trust, you can rent or lease the property. Is this a Probate situation? Each situation requires different paperwork and you need someone who is experienced in all the different scenarios.

The properties in Harbor City are active. Either in rentals or in sales; you and your family need information from this side to help you decide what to do. You could have a someone go through the property, do a extensive visual inspection, take photos to send to you along with all the pertinent information of area sales and rentals that would be important in assisting you with your decisiton.

I would be happy to fullfill this service at no charge or obligation to you. With the detailed information I would send you could help you to determine how you want to handle this situation. I'm a realtor who has lived in Harbor City for over 30 years. I just listed a home three weeks ago and just went into escrow the other day, so I know the area and how to handle the marketing in any situation. My company has three offices to serve Los Angeles and Orange County. Rancho PV, Lomita (next to Harbor City), and Huntington Beach. We do Property Management, Leasing and Sales of Residential and Commercial Properties.

Let me know if I can answer any questions for you; again no obligation.

Sue Cobb
Mattucci Real EState
(310) 809-3659
0 votes
David Luke, , West Los Angeles, CA
Mon Apr 27, 2009
I agree with the other real estate pros, it really depends on whether your situation allows you to hold and rent. If you're open to receiving another opinion of value and what it might bring in as a rental, please contact me.

Best of luck,

David Luke
(213) 598-5224
0 votes
Michael Magaw, Agent, Torrance, CA
Mon Apr 27, 2009
Do you need the money now? Or can you afford to take the rental income? Would knowing the value of the home help you make your decision?

I am a local broker and would be happy to help you determine the value of this home. I also can help you determine what you might get if you rented it.

Michael Magaw
Web Reference:  http://www.NHLBrokers.com
0 votes
The Hagley G…, Agent, Pleasanton, CA
Sun Apr 26, 2009
If you don't need the money, hire a good property mnagement company, collect the rent, enjoy the potential appreciation, and reap the rewards of another potential tax write off!
Web Reference:  http://www.cindihagley.com
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