Selling an inherited house

When you inherit a house, you can either move into it, rent it out, or sell it. If moving in is not an option and you’d like to sell, there are many things to consider. Here are some:

Probate

Probate is the legal process for settling an estate; it could take between six and nine months or longer depending on several factors.

Maintenance costs

If you’ve inherited a property, you would be paying for utilities, property tax, insurance, and maintenance. Unless you find a way to make it profitable as soon as possible by either selling or renting it out, you might find yourself with a huge liability.

Sufficient funding

Most of the time, inherited properties don’t get handed to you in the best condition.  Chances are that the house needs repairs or upgrades. If you’re planning to sell or rent it out, you will need to get the house ready for rent or ready for a new owner; this may require substantial cash outlays.  If it’s an option for you, you can try to look for funding via private lenders or banks. You also have the option to sell or put it up for rent it as is, but it might take longer than you want. 

hands holding dollars

The advantages to selling in “as is” condition:

  • Quick closing
  • No repairs required
  •  No real estate agent sales commissions
  • The worry of holding the house has been removed quickly and painlessly

If you want to sell your house fast, we’re here to help. We can buy your house “as is” and pay you a fair price for the house based on its present condition.