Inheriting a house is one of the few big surprises that life sometimes brings us. But what happens when you inherit a house in Roanoke, VA? As much as you may want to keep an inherited house, sometimes you may be forced to consider putting it up for sale. Well, selling an inherited house can be a demanding task, but definitely not impossible! With the right information and assistance from Cross Properties, Inc., you should have no problems selling your inherited house. So where does the difficulty come from selling an inherited house in VA?
Exactly what happens when you inherit a house in Roanoke?
There are a number of factors that should be taken into consideration when planning to sell an inherited house in Roanoke. Some of these factors include…
• Dealing with the emotional aspect of selling a loved one’s home
• The financial cost of making the necessary updates intended to attract buyers
• Dealing with potential costly liens and other hidden challenges
First thing, get ready for a rollercoaster of emotions
Selling a loved one’s house can be such an emotionally draining activity… This really cannot be stressed enough. The activity may involve removing your loved one’s belongings, and throwing some of it out, depersonalizing everything even more. Often times you wonder what you loved one would have done with each item.
When our emotions get carried away, we often don’t make the best business decisions. Times like that are when you need people with experience buying and selling probate homes in Roanoke to help walk you calmly through the whole process.
Negotiating and managing the selling process
And other times, one might have to deal with expensive liens, mortgages, or other problems that don’t seem apparent right away. Additionally, disagreements among your siblings might arise about the selling price of the house.
Apart from that, you will have to meet the financial cost needed for making the required updates to make potential buyers aware of and (hopefully) interested in your inherited house. There are also legal and taxation aspects of the sale that you must understand to make the sale successful.
There are also the costs of marketing and selling the home. Should I hire a real estate agent? Should I sell directly to a private home buyer? What is a fair price? Most people don’t even have the chance to compare the costs. To help you decide, you can see a detailed side-by-side comparison of the costs here. Once you plug in the numbers, it may be a lot easier for you to decide.
These are the major problems that potential inherited house sellers have to deal with. Unless you are a professional in this area, the process can be tiring and daunting.
Now you have a better idea of what happens when you inherit a house in Roanoke, VA. All of this is important and explains why you need to seek the help of real estate professionals who have had experience helping people sell their inherited homes. If you are considering selling your Roanoke (or other parts of VA) inherited home in the next few days or months, then you are better off speaking to one of our real estate experts. He or she will come in extremely handy to help make the process as simplified as possible. Give Cross Properties, Inc. a call now at (540) 777-7000 and we will set up a consultation, at no cost to you, to take you through the process.
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.