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. There are basically three options, live in it, rent it out, or sell it. 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.
[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
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.