We see this all the time. Someone inherits a property and they don’t have the time, energy or resources to deal with it. This can be especially daunting if you inherit a house that is not in the area where you live.
The Costs of Ownership
Unless you plan to move into it yourself someday or you have a solid rental strategy that can turn it into an income property, your best option will probably be to sell it as soon as possible. Get what you can out of it and move on with your life. Unfortunately, inherited properties are often in some state of disrepair, and if you don’t live near it, repairs can be a real hassle to manage. Then, you have to go through the lengthy process of selling it on the open market, which means paying a real estate agent and all the other costs associated with a traditional home sale. Last but not least, remember that as long as you own the house, you will be responsible for paying property taxes and insurance. Suddenly, the thought of inheriting a “free” home may not sound so appealing.
Sell it Quickly for Cash
The other alternative to sell quickly is to work with a cash investor like Offer4Cash. We buy houses in as-is condition and will offer fair market value. It’s true that the selling price won’t probably be as high as it will be through a traditional sale, but it may be worth the trade-off for the convenience. Many times, it ends up being a wash financially when you factor in all those repair costs, insurance premiums, property tax payments and real estate sales fees mentioned above.
The Simple Solution
The important thing is that you can get out from under your unwanted inherited property as quickly as you want. You don’t have to worry about any buyer mortgage loans falling through during escrow. We pay cash and can close in as little as a week. If you need longer, we can work with you to set your desired closing date. Either way, you won’t have to hold onto the property any longer than you need to. You can sell it fast, take the money and get back to life as usual. It really is that simple!
If you need to sell an inherited property in the Central Valley, contact Offer4Cash today at (209) 661-7385 or fill out the contact form on the right side of this page. We’ll make you a cash offer for your house and you can decide if the offer is right for you. There is no obligation, so why not at least see what kind of offer you can get before you choose to sell on the open market or keep the house for yourself.