For many people, inheriting a property is an exciting prospect. Some choose to use the property as a second home, particularly if it is in the countryside, or near the coast. Others decide to sell their own home and move into the inherited property, because it's bigger, or more convenient. Many decide to rent out the new house, covering the costs of maintenance and mortgage payments.

There are some people, however, who simply can't afford the time or money needed to run two homes. In cases like these, the best solution may be to sell the inherited property as quickly as possible. This not only helps you to get rid of the burden of an unwanted property; it also frees up the cash value of the house so that you can settle the estate, divide the proceeds between other beneficiaries, or use for your own purposes, if you are the sole beneficiary.

I've just inherited a house that I don't want – what should I do?

If you've just discovered that you've inherited a property, but you already know that you either don't want to keep it, or can't afford to run it, you can decide to sell it straightaway, provided you are the only beneficiary. If you have inherited the property jointly, you will need the permission of the other parties before you can sell. Your first step should be to look at your options:

1. Sell through an online property auction

This is probably the fastest way to ensure you get the sale you need. You can advertise your property to buyers who have already registered their interest in properties like yours. The sale is straightforward, and so it's quick and easy, leaving you free from worry about the property..

2. Sell through an estate agent

This process can take a long time, particularly if the house is in need of repair or updating. You may not get a buyer for several months, and you will have to pay estate agent and legal fees if a sale does occur. If you're living at a distance from the property, it can be difficult to manage the sale.

3. Sell privately

You could choose to sell the property privately, either through classified adverts, or by using a dedicated online site. You have to be in control of the whole process though, including conducting viewings, chasing surveyors and solicitors and making sure everything is done correctly.

The first option is clearly the best if you have just inherited a property and you want to get it off your hands as soon as possible. Speed, good prices and low fees all make it a clear winner.

If you need to sell an inherited property, contact us at Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to arrange a valuation today.