Blog

What happens when inheriting a property?

What happens when inheriting a property?

Seeff Walker Bay / Gansbaai

First rule: Stay calm, look at all your options and responsibilities and talk to a few experts before making decisions.

Questions to ask that will help you make decisions:

Is there debt?

  • Are there any outstanding payments or unpaid accounts or even a bond on the house.

Arrange for a valuation of the property

  • Get a professionally written valuation that also gives you a comparable market analysis.

Arrange for an inspection of the property

This will help you identify the extent of repairs and maintenance if any.

Based on all of the above, you can then decide:

  • Do I move in and stay in the house?
  • Do I rent the house out?
  • Or do I sell the house?

Talking to your estate agent will help to understand the positives and negatives resulting from each of the above decisions.

Costs, Rates and Taxes

  • This is where you sit down with the executor of the estate and discuss in details all the costs which you will be responsible for.

Final good advice: do not lend your ears out to anybody but the experts.

What happens when inheriting a property?

Seeff Gansbaai

Seeff Walker Bay / Gansbaai, in partnership with Hamptons International, has been active in the property industry for many years. Both real estate brands are well-trusted household names synonymous with real estate in South Africa. The property specialists at Seeff Walker Bay / Gansbaai are well-kno...

View Profile

What is Xplorio?

Xplorio is your local connection allowing you to find anything and everything about a town.

Watch the Gansbaai Video
Read More

Recent Posts

R4,390,000: 4 Bedroom Freestanding For Sale in Baardskeerdersbos

R4,390,000: 4 Bedroom Freestanding For Sale i...

This exceptional 3149 sqm property, nestled in the picturesque valley of Baardscheerders Bosch...

Choosing the Right Sales Mandate

Choosing the Right Sales Mandate

Adapted with acknowledgement to Property24, who first highlighted this topic.

R3,350,000: 3 Bedroom Freestanding For Sale in Franskraal

R3,350,000: 3 Bedroom Freestanding For Sale i...

This well-maintained double-storey home on a desirable corner stand offers comfort...

2 Bedroom House For Sale in Kleinbaai

2 Bedroom House For Sale in Kleinbaai

Stunning house for sale in Kleinbaai.

R3,850,000: 3 Bedroom Freehold For Sale in Franskraal

R3,850,000: 3 Bedroom Freehold For Sale in Fr...

Wake up to sea views and coastal serenity in this stylish double-storey home on a spacious corner stand in Franskraalstrand.