If you’ve recently inherited a home, it may mean that you’ve lost a loved one or someone who was very close to you. If so, this can be a confusing and emotionally stressful time. The last thing you need is to worry about is the financial obligation of the home that you inherited. Eventually, you will need to decide what you want to do with this property. It can be a tough decision to take, and you will need to weigh the pros and cons.
While the home may hold many fond memories, you can’t let the nostalgia rule the decision-making process. Ultimately, your decision will be a financial one. Naturally, you should consult with an attorney and seek professional advice where all legal and tax issues are concerned. Or, you could speak with a probate specialist at Homeinc about selling the home the home. The agents at Homeinc have successfully partnered with numerous probate clients- making the process clear and easy.
You Have 2 Choices When You Inherit a Property
There are 2 choices that you can make when you inherit a property. You can keep it and take on all financial responsibility or you can sell it. If you choose to keep it, you will inherit all financial responsibilities including liens, violations, outstanding mortgage payments, etc. If you are in a financial position to do so, then keeping the house may be an option.
If you choose to sell it, there are two paths that you can take.
Path 1: The traditional Sale Route
You list the house with a real estate agent. You most likely will need to get the home ready to be put on the market- repairs and updates can take time and the expnese add up quickly. In addition, you will also be responsible for closing costs and real estate commissions. These are also costly expenses.
Path 2: Sell Your Home to Homeinc
When you sell your home to Homeinc, you are not required to make any updates or repairs. Homeinc buys your house as-is. In addition, Homeinc covers all real estate commissions and closing costs- you will not be responsible for any of these. Homeinc can close in as little as 5 days- or your choose the closing date. The agents at Homeinc want to make the process as simple and seamless as possible.
You have to make the best decision for you and your family. Ultimately it becomes a financial decision. Homeinc will make you a competitive cash offer so you can sell quickly and without the hassle. For additional information about our home buying services, call or text Homeinc today at (888) 850-2636.