Today, it can be difficult to sell a home quickly. Without the right tools and knowledge, it can be hard to find the right buyer.
This is particularly true when working with an inherited home. Most of the time, these homes are older and are in disrepair, making them even more difficult to sell fast.
Another common problem people face when selling inherited homes is the emotional attachment. They want to hold onto the home because it belonged to their parents, even though they’re now facing financial ruin because of it.
Keep reading as we go through why you should sell your inheritance and how to do so as quickly as possible.
Let’s look at a few reasons why people sell their inheritance. Before we jump in, remember that there’s no need to feel guilty about it. If your parents loved you enough to leave you their home, then they want you to be happy.
In most cases, being happy means selling an inherited home before it can drain you financially.
One of the biggest reasons to sell an inherited home is if you need to continue paying off the mortgage. This can mean a sudden and unexpected monthly expense that most people simply can’t afford.
This is particularly true if you already have your own home that you’re paying a mortgage on. In that case, the best option would be to sell the home as quickly as possible.
Some people may consider renting out an inherited home. While this may work for some, it can also be a huge headache for others. Finding a renter can be hard, and a bad renter may end up costing you far more than it’s worth.
Another concern with renting out the inheritance is that you first have to get it ready for a renter. That will involve fixing any major and minor issues the home may have, and deep cleaning it.
This step alone may make it not worth trying to pursue the rental route.
In some cases, your loved one’s will clearly states that the house is to be sold and the money is to be divided between siblings or other family members. Unfortunately, this can cause fights between siblings, especially if it takes a long time for the home to sell.
If this is the situation you’re finding yourself in, you’ll want to sell the house as quickly as possible. This will allow everyone to get their inheritance sooner and can help bring about more closure as the will is fulfilled.
Now, let’s take a look at the three ways you can sell your inherited home fast. There are certain advantages and disadvantages to each of these, so you’ll have to carefully consider which will be best for you.
The first way you can sell your inherited home is to list it for sale yourself. Today, there are many websites that allow anyone to list a home for sale, including places like Facebook Marketplace and Craigslist.
The biggest advantage of selling a home yourself is that you get all the proceeds from the sale. You can also provide your own listing price and will handle everything yourself.
However, it can also be difficult to sell a home yourself, especially if it’s in need of repairs or upgrades. Another disadvantage is that you may have to ask for a lower price when selling yourself to attract buyers and to sell it quickly.
Another way to sell a home is through a real estate agent. Real estate agents have access to a wider range of ways to market your home which means they can get your home in front of a larger audience.
This alone can help you sell your inherited home faster. Another benefit to going through a real estate agent is that they can typically help you negotiate for a larger asking price than you can do on your own.
There are some drawbacks to using a real estate agent. One is that they will take a percentage of the sale price, so you may not get as much after that. Another is that it may take longer to sell if the agent has other homes they’re also focusing on.
When selling through a real estate agent, you will likely be expected to perform repairs on the home and get it move-in ready if you want to sell it quickly. Most people expect homes in this shape when using a real estate agent.
By far the fastest way to sell any home is through a real estate investor. An investor will buy homes in any state of repair because they have the resources to fix them up to resell or rent out.
The biggest advantage to selling your home through an investor is the speed at which you can sell. In most cases, you can contact them and within a day, get an offer on your home.
Another huge advantage is that you can sell your home in any condition. That means you don’t have to fix anything before selling. You don’t even have to clean out the home if you don’t want to.
The only disadvantage to using an investor is that you’ll likely receive less money than going with the other methods. However, because of the time and work you’ll save yourself, it’s typically more than worth it to get cash in your pocket fast.
Now you know several reasons why you may want to sell your inheritance and have several options on how you can do so. As you can see, the best way to sell your house fast is through a real estate investor.
Here at Landing Zone Homes, we buy houses in any condition and will pay you cash for it so you can move on with your life without the financial burden of an old home.
To sell your home quickly, simply fill out a form and one of our agents will contact you to make an offer on your property.