Inherited A House In Stockton? We Can Help!
We Buy Houses in Stockton, We are Probate Specialist and We will even advance the cost of the Probate and the Probate Attorney
The emotional turmoil of inheriting a house from your parents can be daunting. I say this because I watched my mother go through the trials and tribulations of inheriting the house from her parents that she grew up in.
Not only was the sting still fresh from her mother’s passing she now needed to deal with a property that she co-owned with a niece and nephew. At 74 years old my mother was not prepared to deal with the emotional loss of her mother let alone the house, the furniture, her mother’s personal belongings and an accumulation of life that sat in the house and garage for over 65 years.
Her niece and nephew, while patient with her, still had a different idea about what should happen to the house. Even though they all had emotional attachments to the place they grew up in, my mother’s attachment and emotional turmoil, was deeply rooted in the loss of her mother.
Just Walking into the House, triggered a life’s worth of memories with her mother, her father, her sister, her sons and her niece and nephew. Each room possessed memories from the past that she wanted to keep intact. I was standing with my mother and cousins in the kitchen of the house where my Italian grandmother my mother and my aunt cook Sunday dinners. I also remember looking out the kitchen window to the backyard seeing the fig trees my grandfather planted, the camellias in full bloom and the place where they always had the vegetable garden. I remember playing in the yard with my cousins and brothers, sitting with my grandfather on a sunny Sunday afternoon cracking walnuts at the picnic table, sipping coffee and a splash of wine. Somehow, my mother was supposed to navigate through all this emotional turmoil with clarity and decide along with her niece and nephew what the fate of the house should be.
Inheriting a House in Stockton, It really came down to three choices;
1) she could buy her niece and nephew out (but she didn’t have the money for that and even if she did she already owned a home that didn’t need the repairs and updating that her mothers house did) or
2) they could rent the house out and become property managers or
3) they could sell the house.
Each one of the choices, at least for my mother, meant giving up a lifetime of memories and choices that she wasn’t ready to make. My mother wasn’t even ready to go through her mother’s things to get the house ready for whatever decision they made.
But there was one thing for certain. The house was sitting empty and it was costing all three of them property insurance, property taxes, electric bills, yard maintenance, gas, water and sewage and of course maintenance on a 75-year-old house that had little maintenance done on it for the past 25 years.
Sure there were newer carpets in the family room, new linoleum in the kitchen and entry, but the house itself needed a lot of work. Even if they wanted to rent it out, they knew they would need to put at least $10,000 into the house to make it ready for a tenant.
So the house sat for two years until my mother finally decided along with her niece and nephew that they would sell the house. The task of cleaning out closets and drawers, doling out furniture to different family members that wanted the memory or two, cleaning out a kitchen and deciding what to do with 25-year-old appliances was a major undertaking.
When my mother finally realized that her mother never intended the house to be a burden, they had already spent several thousand dollars in ongoing day-to-day and monthly expenses and had made no improvements to the property. That fateful day was the day my mother realized that the asset her mother and father had worked for all their lives was not supposed to be her liability.
The year was 2012, the house, located in Central California and property values were just beginning to rise. In order to fetch top dollar at the bottom of the market they would need to spend $50,000 and might get a $25,000 return. This is not an uncommon scenario for many people that inherit a house from their parents.
They spoke to a local real estate agent that put together a comparative market analysis and a list of all of the repairs
that she recommended be done. The list was long and the cost was exorbitant. My mother and cousins came to the realization that they didn’t need to spend that additional money to sell the house that was in desperate need of repair. They didn’t need to hire a real estate agent to tell them everything that was wrong with the house (they already knew what was wrong). They didn’t need to pay a big commission to real estate agent to sell the house.
Instead they sold the house for cash to an investor and in doing so they eliminated the cost of the middleman and they didn’t need to pay inflated closing cost based on a mortgage because the buyer was going to pay all cash. The investor explained that while he could not offer top dollar for the house he would offer them cash price that would allow them to not to have to make any repairs, do any cleanup, could leave what nobody else wanted behind and sell the house eliminating all of the monthly bills and concerns. No more break ins, vandalism or worry about securing a vacant house that was a constant concern. In one afternoon they converted an aging and deteriorating house into an asset by simply changing the name on the title.
My name is Peter Westbrook and I’m a real estate investor in Stockton California and We buy houses in and around Stockton CA. I pay cash for those houses. And I can turn your liability back into an asset. Great memories need not turn into bad memories and a house that was left to you should not be a liability especially when those that worked all their lives to attain it, passed it to you out of a sense of pride. Let us go to work for you. Give me a call at 209-481-7780 and I will make you an all cash offer to sell that house today.
At “Westbrook REI” and “We Buy Houses Stockton“, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.
We buy houses in Stockton, CA and its surrounding areas in Lodi, Woodbridge, Acampo, Lockeford, Linden, Ripon, Manteca, Modesto, Ceres, Tracy and Sacramento CA. If you need to sell your house fast in [market], call us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose, but we’d love to earn your business. 🙂