Thursday, April 15, 2010

Buying from heirs

My cousin’s dad passed away several years ago and she inherited a house about 7 hours away from her present place of residence. It's the  Miami property for sale, a very good place if you are young and have no family. What concerns my cousin, she is in her late 30s and she has four children. She prefers quiet neighborhood and completely satisfied with her present house and the area.

Yesterday I talked to her when she returned from one of her numerous trips to / back from Miami Beach. She wasn’t happy about this situation as she has no money to look after the house and to pay all the taxes imposed on her after becoming an owner. She wanted to sell a house as soon as possible. She said that if a buyer offers her a reasonable price, she’d happy to give it away.

So I guess there’s one more type of real estate property in Bal Harbour for sale on the market - inherited houses. Before it was a gift, now it can be a burden, which homeowners would like to get rid of.

At present realtors say that FortLauderdale apartments for sale as well as Hollywood Beach houses will only increase in prices and can be a good way of investing money. 

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