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If you want to sell an inherited house, understand the difficulties you will encounter. You will then have the knowledge to choose the best type of sale for your situation.
A house left to you in a will may have more problems to deal with than just the condition of the structure. Any financial obligations of the estate have to be settled before the home can be sold. And disagreement among any other heirs can be an obstacle to a quick sale.
The condition of the home is frequently the deciding factor in how it is sold. A house that needs repairs is typically not the first choice for a buyer. A traditional buyer can sometimes be persuaded to accept minor repairs by discounting the price. But significant repairs usually have to be fixed before a buyer becomes interested in the property.
After all of the furniture and decorations have been removed, take a close look at the condition of the house. Start with the roof and work your way down to the crawl space. You do not need to be an experienced builder to spot the obvious problems. Fixing these and any other issues can be a costly delay in the sale of the property.
If you are selling your mother’s, spouse’s or other family house, any liens against the home must be paid before it can be sold. And unless you took care of the finances of the former homeowner, you wouldn’t know what financial obligations are attached to the house. The sale cannot proceed without clearing up any financial commitments.
After the death of a parent, there may be disagreement among any siblings over the way the family home is sold—or if the house should be sold in the first place. Your brother, for example, may want to keep the house in the family as a rental. But you and your sister may want to sell the house quickly. Any disagreement among heirs will cost you time.
The title to the house doesn’t have to be transferred to you before it can be sold. During probate, the estate’s administrator or executor of the will can also sell the home. Either way, selling to an experienced real estate investor is the easiest and the most hassle-free way.
If you need the help of the most experienced investors in Huntington Beach, California, and the surrounding areas, contact us today. Huntington Beach Cash Home Buyer will provide you with the fastest and simplest real estate transaction possible in your area.
As mentioned previously, the condition of the inherited home is frequently the deciding factor in how to sell the property. If the deceased person did not properly maintain the house and left you with a lot of expensive repairs, selling to us relieves you of any responsibility for the house’s condition.
We buy inherited homes in any condition. The house can look like a tear-down to you, and we will still buy it AS IS. We factor the expenses to fix the home into our fair cash offer, so you don’t have to worry about making any costly repairs.
We are not deterred by mold, dry rot, termites, asbestos, or any other problems that would scare off other buyers.
We have years of experience selling properties held in estates. We understand the challenges you face:
Selling a probate house isn’t usually fast under any conditions. But we can make a quick sale of a probate house as soon as the estate’s executor accepts our fair cash offer.
In or out of probate, we typically trade cash for the property within 3-30 days of the acceptance of our cash offer.
Because we buy houses with cash, no seller ever waits on our loan approval. A cash sale gets cash to you quickly—just in 72 hours or less after the buying contract is signed. And you will get all of the money we agreed to pay you, with no hidden fees.
Did the deceased person left the house to you in a will, without a will, or in a living trust? Did you own the home as a community property jointly with the deceased? This will determine whether or not the house must go through probate.
Selling a probate house is a little different than selling a home that has been legally transferred to you. But we buy houses whether or not they are in probate.
Probate is the legal process of settling the estate of someone who has died. All property must go through probate unless the decedent put the property in a trust to avoid probate. Probate can also be avoided if the property was held jointly with a spouse or other person as community property.
If you can’t avoid probate, you need to get probate granted by the court. Through either a real estate auction or an executor’s sale, a house under probate can be sold by the estate’s executor.
You can sell a house without probate if:
If you are the surviving spouse, the title to jointly held property is automatically transferred to you.
If held in a trust, the house can be sold as soon as ownership is transferred to you. (In some instances, the trustee of the trust may decide to sell the house while held in the trust and transfer the funds to you.)
Probate can be abbreviated if the house is part of what is defined as a “small estate.” An estate in California qualifies if it is valued at no more than $150,000. If this applies to your probate house, fill out a “Small Estate Affidavit” form to accelerate the probate process.
Don’t get stressed over selling an inherited house. The experienced professionals at Huntington Beach Cash Home Buyer will explain the entire process of turning your home into cash. And in just a few days you can easily trade a house you didn’t know what to do with into money in your hand.