Have you inherited a house and are beginning to weigh your options? If you’re wondering how to sell on inherited house, selling to a cash investor has many benefits. In fact, in many cases it usually makes more sense to sell the property to an investor than list with a realtor (or other options) because you can prevent out of pocket expenses and you can close much faster! Usually in seven days, or less. And, that is without making any repairs…
Benefit #1 – Prevent Out of Pocket Expenses
When you sell with a realtor, they will insist that you do all the necessary repairs and cleaning of your house before they ever agree to show it. When the inherited house to an investor, you can sell the house-as is without doing any repairs. In many cases, inherited house are in less than good shape and usually need some type of repair before selling on the open market. However, when selling to a cash investor, the seller does not have to worry about making any repairs. This is a huge benefit to the inherited home seller.
Benefit #2 – Close the Sale Faster
If the house goes to probate, the property must be maintained even while no one resides there. Someone still has to pay the property taxes, homeowners’ association fees, insurance, utilities and lawn care. The probate process can take as long as six months or more, so families are paying for the maintenance of the home in addition to legal and other fees associated with owning and selling a property.
Then, once the probate is complete, you may need to repair it, hire a real estate agent and then sit on the house while the agent finds a buyer. And many agents will not list a house until probate is complete- so it is very likely that you may have to hold this house for up to a year before selling. Those carrying costs and commissions will add up fast. But if you sell to a solid investment company, you can have it closed in weeks rather than months.
Benefit #3 – Simplify the Process of Selling An Inherited House
Selling an inherited house to an investor is very common. When a seller considers the expenses and timing above, it really makes the most sense for many people to sell to a home buying company. Many inherited houses need repairs and updating, and that costs money. While you can avoid these updates and try to sell below the market price to get the house sold fast, you would still have to pay legal and real estate agent fees.
As we mentioned, many of the homes we purchase are inherited. Not only are we experienced in facilitating seamless real estate transactions, but we are also rated A+ with the Better Business Bureau. When you sell your house to us, you are working with a company you can trust.
To get a no risk, free quote regarding how to sell an inherited house from your friends at Elite Home Offer, either call us at 916-239-2274 or fill out our Free Offer Form. We promise to provide you with the best offer possible!