Inheriting a house can either be a wonderful experience or a troublesome inconvenience. We discuss the issues you may face and how we can make it a smooth process.
Ideally, inheriting a property from a loved one should be a positive thing, but oftentimes it can present itself as a difficult burden. From unpaid debts and taxes to maintenance and repairs, you will now be in charge of all the problems that come with the property. If you’ve just inherited a house and you have no desire to move in or rent it out, selling it seems to be the only practical option left.
Selling an inherited house is by no means a simple thing to do. It is not as straight forward as selling a house you own yourself because you have to deal with all the legal and financial technicalities involved in the process. If you’re planning to sell your inherited house, you must first verify your ownership and check the current status of the house. It’s also best to consult an accountant or a lawyer to figure out the issues related to the financial obligations that come with your inheritance.
Once you’ve ironed out all the technicalities, all you have to do now is to wait for the property to go through probate (if applicable). You need to legalize your ownership first before you may sell the property. Once the property goes through the probate process, you may now start selling your newly acquired house.
Cleaning up and preparing your inherited house for sale can be very emotionally challenging. Letting go of personal belongings that hold many precious memories for you and your loved ones is never easy. This is actually the most common reason why a lot of people wait a while before dealing with their inherited properties. The emotional aspect of selling a house is what makes the process difficult.
If your inherited property has an outstanding mortgage or other financial liabilities, being able to sell it as quick as possible can help you pay if off right away and avoid foreclosure. Title liens are not something that most family members share with each other, so this can be an unexpected issue as well.
How We Can Help
While it’s common to sell an inherited house with the help of a real estate agent, selling it to an investor may be more beneficial in some situations, and almost always the least stressful way. It is important to understand what value and assistance you are receiving from whichever option you choose.
Does the agent or investor offer you anything above just the basic service? Skye Homes differentiate itself by offering value-added services that go beyond the call of duty. We can help with packing or moving services, estate sale coordination, and working directly with a buyer puts you in control of the time frame.
Additionally, when working with us you don’t have to worry about fixing or cleaning the house up, and you don’t have to pay real estate commissions.
We will arrange and manage any necessary services through our Trusted Partner Network, and in many cases, you will not pay for any of it. For example, we can plan and host the estate sale, you will receive all profits, and we donate all remaining items that did not sell.
We can also help resolve title issues, illegal deeds, probate and any other messy issues that come to light.
So if you need to sell an inherited house, give us a call at 877-210-6460 for a fair no-obligation estimate. Or fill-up the form below to get started. We help homeowners across the Bay Area with inherited properties. Keep in mind that we buy houses in any condition, so don’t let that stop you from contacting us.