The house was given to us after my grandma died in 2013. It was advised to be split between my father and me by my aunt whom was initially wanting the house in Tennessee, but my grandparents had always planned to give me the house because my social security check I received growing up (my grandma drew disability due to a injury at work years ago that put her out permanently. My grandpa drew social security starting at age 62 when he retired. But went back to work years later while also drawing social security. Plus I had adhd thus I could draw Social Security until 18) always went to pay 1/3 of the payment until it was finally payed off around 2010. They bought it in 1977. The house was originally built in 1972 and sold at around $30,000 ($ 173,000 adjusted for inflation in modern times). They bought the house in 1977 for $14,000 ( $57,000 adjusted for inflation in modern times) . The house is now sitting empty for the past two years. There has been a couple attempted break ins, but none suceeded. We have considered renting it or selling it. Which do you think would be best? The town where the house is, is located in a town where a lot of snowbirds (retirees) from Florida and Northern States go to retire or have winter homes thus the nickname Snowbirds. The house tax valued is worth $68,000. I know we'll never get that much out of it due to it being uninhabited for so long. If we do sell it what do you think would be a good price? Should we go through a realtor or try to sell it independently?
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I would rent the house, steady cash flow. Selling can take YEARS!1