What to Do With an Inherited House in Westminster
You have options: keep it, rent it, or sell it. Understanding the costs and benefits of each helps you make the right decision.
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Your Options for Inherited Westminster Property
Option 1: Keep the Property
If you could use a home in Westminster or want to preserve family memories, keeping may make sense. Consider ongoing costs and whether location works for you.
Option 2: Rent the Property
Westminster has strong rental demand. However, landlording requires time and management. If you live out of state, you will need a property manager (8-10% of rent).
Option 3: Sell the Property
Selling provides immediate cash and eliminates ongoing responsibilities. This is often the simplest option when multiple heirs are involved or when the property is far from where you live.
Why Sell to Us
Immediate Cash
Easy to divide among multiple heirs
No Ongoing Costs
Eliminate property taxes, insurance, and maintenance
As-Is Purchase
No repairs or cleaning required
Quick Closing
Close in as few as 7-14 days
Westminster Inherited Property Options FAQs
Westminster has a strong rental market due to RTD access and location between Denver and Boulder. However, landlording requires significant time and effort. Consider whether you want to be a landlord or prefer the simplicity of selling.
Monthly costs include property taxes, insurance, utilities, maintenance, and HOA fees if applicable. For a typical Westminster home, expect $600-$1,000+ monthly in holding costs.
Yes, one heir can purchase the others shares at fair market value. We can provide a no-obligation offer that helps establish value for buyout discussions.
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About Westminster Properties
Westminster straddles Adams County and Jefferson County, offering convenient access to both Denver and Boulder via US-36. The city has a mix of older established neighborhoods and newer development near Standley Lake.
Westminster has a strong rental market due to RTD access and location between Denver and Boulder. Properties near the Flatiron Crossing area and US-36 corridor tend to be particularly desirable.