Inheriting property when a loved one passes away can add more stress to an already stressful situation. You have to decide what to do with the property, whether you can afford its upkeep, and then deal with trying to sell it should you decide not to keep it. Many will choose to go with a cash house buyer to sell properties because it’s a faster, less stressful option.
Selling to a Cash Home Buyer
You basically have 3 options when you inherit property; live in the property, keep it and rent it out, or sell it.
Living in the Property
If you choose to live in the property, you will have to take on any debts that go with the home, such as any mortgage that is still existing on the home. Then there is the issue of any legal red tape involved if the property already has tenants living in it.
Dealing with the grief of losing a loved one is hard enough. Adding the weight of having to sort out a property can make this grieving period go on for longer than necessary. Living in the property can sometimes be a reminder of the loss you have experienced as well. This is why many choose to find a cash house buyer and sell the property. Especially if you need money quickly to cover funeral and other related expenses.
Renting the Property
This can be a good option if the property has been well maintained and doesn’t need to have work done on it. But it can be a big commitment at a time when you feel overwhelmed. Not everyone has the time or money to become a landlord and take on the responsibilities that go with renting a property. Choosing to sell can be a better option in this scenario.
Selling the Property
This brings us to your third option, which is to sell the property. Again, you have the red tape and expense of going through a real estate agent, having to fix up the property to sell it, and then having to wait, sometimes for months, until the property sells. It adds more stress that you just don’t need.
Selling to cash home buyer cuts out that red tape. You don’t have real estate fees to deal with, you can seel the home as-is without having the expense of fixing it up, and you can sell the property quickly. You aren’t dragging out the grieving process or having a constant reminder of your loss when you sell quickly, and it gives you access to funds that you may need to cover other expenses, such as debt linked to the house.
Finding a Cash Home Buyer
There are some things you need to look for to make sure the cash home buyer is legitimate. Make sure they have proof of other properties they have sold and that they can give you some customer contact details for you to check. You should also not be charged any upfront fees with a legitimate cash home buyer. You should also be wary of a buyer who tells you they can get you 100% of the home’s market value. Lastly, any cash home buyer will not use pushy methods to sell your home to them.
As a reputable cash home buyer, we make sure we are looking after you and your situation. If you have inherited a property that you need to sell quickly, give our team a call today at (289) 203-3231!