Thinking about selling your inherited house? There are a lot of pitfalls to consider which may distract you, and stress you out. In this blog post, you’ll read about the 4 no stress tips for preparing to sell an inherited property in Roanoke so you can sell it easily, with no hassle.
Selling a house can be frustrating, time-consuming, and even expensive. And if it’s an inherited house, it can be even worse!
So if you want to sell your inherited property without all the hassle, here are 4 no stress tricks for preparing to sell an inherited property in Roanoke…
No Stress Tip #1 Plan Ahead
Most people who sell a house just decide to sell without thinking through what that looks like.
- Do you have a budget for the ongoing expenses and any repairs needed?
- What if repairs and contractors take a long time to finish?
- What if the listing and selling takes a long time?
- What contingencies do you have if the real estate agent can’t find a buyer?
It’s stressful if you have to decide these things as they come up but if you’ve already thought about them, you’ll eliminate a lot of stress.
No Stress Tip #2 Be Informed
Do you know what the process is to sell? Do you know how long it will take? Do you know how much it will cost you? Is it even a good time to sell? Who is buying right now? Take a look at some of the normal seller’s costs here.
Do some research ahead of time and ask these questions to get informed about selling. The more information you have, the less stressful, and the better off you are financially.
No Stress Tip #3 Get Consensus
If multiple heirs own the inherited property, you’ll want to gather your research and then talk to each heir to get a consensus.
Nothing is worse than starting the listing process and trying to sell your property only to be stopped in your tracks by an heir who wants to go in a different direction with the property. Directions like: “Let’s rent it out.” or “Lets fix it up then sell it”. Those are valid options, but then you have to answer questions like: Who will advertise for tenants? Who will screen the tenants? Who will go to court to evict deadbeat tenants? Who will call the plumber at night? Who will coordinate all the contractors to fix it up?
Usually the least stressful way to handle an inherited home is to get the home sold quickly, then divvy up the proceeds among the heirs.
No Stress Tip #4 Work With A House Buyer
Actually, you can skip a lot of the legwork and hassle by selling directly to a house buyer. A house buying company (like what we do here at Cross Properties, Inc.) is the simplest, fastest way to put cash in your pocket, or into the estate checking account This is because buyers like us buy houses fast, for cash, and in as-is condition… and are experts at dealing with any of the challenges with titles, liens, multiple heirs, etc.
So one call to a company like ours is the best no-stress trick!
These 4 no stress tips for preparing to sell an inherited property in Roanoke will help you finally deal with that inherited property without the hassle and stress!
DISCLAIMER: While we do have a real estate broker in Virginia on our staff, we at Cross Properties, Inc. are not attorneys, CPAs, financial advisors, or tax experts. It is always best to consult competent professional advice prior to making any decisions with regard to a decedent’s estate, or disposing of any real estate.