I inherited my Grandmother's house in 2012 and I have decided to sell it. I'd rather not for several reasons but finances dictate that I do.

I am completely ignorant of how real estate sales go. Do I have it appraised first? Should I sell it myself? Call and agent and go from there?

The house isn't worth much as it is old and falling apart, but it's on 2.2 really nice acres in Folsom. I'd only like to get $50,000 or so from the sale I just don't know where to start. Thanks guys.

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Posted by C

Houston

Member since Dec 2007

27845 posts

Posted on 1/3/14 at 8:43 am to OldSouth

LINK

Ask some of your friends for what to expect.

This post was edited on 1/3/14 at 8:46 am

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Posted by ItNeverRains

37069

Member since Oct 2007

25940 posts

Posted on 1/3/14 at 9:15 am to OldSouth

I'd pull the tax records and see what the house/land is assessed for. Then I'd ask a local realtor what they think property is worth. Simple logic says if you'd take 50k but a realtor can get you 55k, then you'd make more having someone doing all the work & paying a commission. Flip side is if you'll have capacity to do the work and think you can get the 55k without hiring realtor, go for it.

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Posted by Golfer

Member since Nov 2005

75052 posts

Posted on 1/3/14 at 9:30 am to OldSouth

How old is it, approximately?

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Posted by LSURussian

Member since Feb 2005

127275 posts

Posted on 1/3/14 at 9:53 am to OldSouth

If you post some photos of the house and 2.2 acres, I might be interested in buying it. I'll pay cash so it would be a quick sale.

Or, you can send photos to: lsuruskie@yahoo.com.

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