Dealing with an inherited property can be quite difficult, especially when you have to manage multiple heirs. From the start we’ll handle your situation with the up most care and sensitivity.
Often times the home that you inherit needs extensive repairs, cleaning, and updating. That means that you’ll need to have the appropriate finances and expertise to transform the home into a house that a first time home buyer will accept.
Don’t fret, I put together a list of options when it comes to selling the home.
Sell To An Investor
An investor offers the most simple and headache free way to sell the home. More than likely they’ve dealt with a situation like yours and have the experience necessary when dealing with multiple heirs.
They’ll be comfortable with major repairs which means you won’t have to fix a thing. You can sell it in “as is” condition with no out of pocket expense. If they home is full of personal belongings or trash then you’re in luck. An investor will handle the clean up on your behalf.
For Sale By Owner
When selling your home yourself you need to take into consideration that it will take more time and effort on your part to complete the sale. I’d recommend that you put a marketing strategy together and you’ll need a title company to handle the paperwork.
You’ll save money by going this route but you might get frustrated with the time it will take. You should consider cash home buyers and investors if it takes too long.
Put A Sign In the Yard
This traditional option is the most common but when dealing with an inherited property it might not be the right tool for the job. If the home is in perfect condition and in a great neighborhood then you should list it with an agent. Keep in mind that you’ll have to deal with picky first time home buyers that will demand that you fix or repair everything. More than likely you’ll have to pay closing costs because most buyers can’t come up with the money and you’ll need to pay the real estate agents 6% of the sales price.
A real estate sale is a high transaction cost business and the fees/commissions add up quickly. Don’t be surprised when you pay $10,000+ in fees.
Frequently Asked Questions
We are actively buying properties in the Houston metro area and surrounding suburbs.
We make offers on pretty much any property or vacant lot. Normally, we buy homes in the $50,000 – $400,000 range but we have the ability to purchase higher end homes. Each month we work with sellers with all types of real estate such as; single-family homes, condominiums, townhouses, luxury homes, duplexes, apartment buildings, commercial properties, mobile homes and vacant lots.
Start off by finding a buyer that is accredited with the Better Business Bureau. Once you receive the offer you need to review it. Make sure that the earnest money check is large and the due diligence period is very short. This will ensure that you’re dealing with the end buyer and not a middle man.
This depends on the situation but we can close within 10 days and have an offer in your hands within 24 hours.