subject: How To Sell Inherited Property [print this page] If you have inherited property as part of an estate, you may have no desire to hang on to it. It may be in city or state other than the one where you live, it could need of extensive repairs, or may not be suited to your needs. Selling it quickly may be the best thing that could happen. You know though that selling any home can be a long, expensive, and time-consuming process. By the time you fix it up to sell and pay the real estate commission, you anticipate little return for your money and effort. How do you sell inherited property quickly and painlessly?
Your options for selling inherited property?
You will likely need to wait until after all legal paperwork is in your name before you can sell the property. If the house is jointly owned by multiple people, you must act together.
You may not be in an emotional state to even want to deal with real estate negotiations and the back and forth interchange between your agent and the potential buyers. You want to sell the home quickly, but you don't want to be ripped off. You might have heard about companies that buy houses, but wonder if they are legit.
As with anything else you buy or sell, you need to do your due diligence. Do your research, ask for references, and check with the Better Business Bureau. There of plenty of legitimate companies that buy homes with a solid track record of doing what they say.
How the process works
If you want to sell your inherited house, you can start the process by calling a reputable home buying company. They will answer all your preliminary questions, and after asking a few of their own, make you an offer. You have no obligation to take the offer or to act hastily. Once you accept the offer, most companies are prepared to act quickly so that the ordeal will be over for you within seven days or less.
We then come to visit the home with you. After we answer your questions, we inspect the home and make you a written offer. We handle all the paperwork; if you feel more comfortable with having your own lawyer review it, we will gladly work with them. You will have a personal advisor available to you throughout the process. You will not even have to pay any closing costs.
Next, a home buying company will renovate the property and resell it. By that time, you will have moved on, without having to worry about how quickly it sells.
