How To Sell Your Inherited Home

Selling a house as is could be the fastest way to make a sale in order to move along with your life

. I can't tell you how many people have contacted me because they inherited a home that they simply didn't want. What they wanted was the cash, so they called me because I pay cash for homes in Oklahoma City. I have seen a lot of very happy faces on closing day, and many of them appear in testimonials on my website. If you think of your home more like you think of your car, that it's something perfect for you at one time, but now you need something else, it's easier to consider what you need to do in order to move on and get whatever you need next.

Naturally, inheriting a home is completely different than purchasing a home yourself. For one thing, you probably borrowed money to purchase your home and more than likely there's still an outstanding mortgage balance. Selling a home as is means that your mortgage will be paid off and you will receive the balance of the selling price at closing. In the case of an inheritance, the home may not have a mortgage balance due, and that will give you much more flexibility when it comes time to negotiate a sales price. Assuming the home you have inherited has no mortgage balance due, you are in an excellent position for selling a home as is and avoiding any repairs or renovations at all. This is a good situation when you would simply prefer to have the cash than own another home.

Sometimes elderly people need to sell homes and move to assisted living so they want everything to be quick and easy. Unfortunately, it happens quite often that there are no close relatives living nearby to help negotiate a sale or pack up and help the elderly couple move. This can be a real problem. But I've seen real estate investors help sellers in this situation many times. The main thing is that we really have to look at the real goal, the real reason a seller needs to move on, and help them focus on what needs to happen to accomplish their real goal. Many times the timing of a sale is more important than the selling price. That may seem strange if you've never been in that situation yourself, but it actually happens on occasion. When you focus on your real goal you'll find it is to your advantage when you're selling a home as is.

by: Leo Kingston

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