Thinking about selling your inherited house? In this blog post, you’ll read about the 4 no stress tricks for preparing to sell an inherited property in Floresville 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! Selling an inherited house involves a lot of moving parts from the emotional side to the financial side. There are many memories associated with the home that affect different members of the family in different ways. Then there is the financial side and how that affects everyone. Time may not be on your side.
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 Floresville or the San Antonio area…
No Stress Trick #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 mortgage payments and taxes?
- Do you have a budget for the ongoing expenses and any repairs needed?
- Do you know how much it will cost for repairs?
- What if repairs take a long time?
- What if the listing takes a long time?
- Does all the heirs agree or do you have the sole authority to sell?
- 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 Trick #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?
- Do I have to do repairs?
Do some research ahead of time and ask these questions to get informed about selling.
When you speak to a Realtor® who also understands the investor side of buying as well as the retail buyer side, you will get information about both processes.
That is the best way to know your options and what will work the best for you in the long run. The more information you have the better. That way you can make an informed decision about your best option.
No Stress Trick #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. If there was a will, an executor will be named.
While that executor will be guided by the estate’s attorney as to their legal method to sell the home, it is always a good idea to discuss with the other heirs and explain the process.
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.
No Stress Trick #4 Work With A House Buyer
You can skip a lot of the legwork and hassle by selling directlyy to a house buyer (investor/ flipper.) A house buyer is the simplest, fastest way to put cash in your pocket because they often buy houses fast, for cash and in an "as-is" condition. They are experienced at dealing with any of the challenges with title, liens, multiple heirs, etc.
So one call to a house buying company is the best no-stress trick! Especially if one of the managers is a Real Estate Agent who can give you full details. Who can guide you and give you the options which will put the most money in your pocket. That is what I am experienced at. Working with investors and understanding their approach and what they offer. But do not talk to an investor and finalize any deal until you understand ALL that they are offering. Either work with an agent who understands investors or have an attorney review the paperwork that an investor wants you to sign before you make a decision.
These 4 no stress tricks for preparing to sell an inherited property in Floresville will help you finally deal with that inherited property without the hassle and stress!
Want to sell your inherited house with little or no STRESS?? Talk to an experienced agent who understands the process of selling retail or selling to an investor.
As the Floresville Real Estate Agent – Faye Y Taylor is here for your questions and to help