If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Texas for sale…
Selling an inherited home can be stressful, especially when you’re looking for a fast and simple way to close the sale. Choosing to sell to a real estate investor offers unique benefits that can save you time, avoid additional costs, and simplify the entire process. Here’s how an investor can help you sell an inherited property quickly and for cash.
1. Quick Cash Offers, No Financing Delays
One of the biggest advantages of selling to an investor is the option for a fast, all-cash transaction. When buyers rely on bank loans, the sale can be delayed by loan approvals, inspections, and appraisals. Investors come with cash on hand, allowing you to close the sale in days rather than months. A quick, cash sale means you don’t have to worry about loan approvals or other traditional roadblocks that can drag out the process.
2. Sell the Home As-Is, No Repairs Needed
Inherited homes may require maintenance or updates before they’re ready for a traditional sale, but selling to an investor means you don’t need to make any repairs. Investors purchase properties “as-is,” so you won’t have to worry about costly renovations, deep cleaning, or repairs. This saves time, effort, and money, letting you focus on moving forward without the hassle of prepping the property.
3. Skip Realtor Fees and Other Closing Costs
When you sell through a real estate agent, you’ll typically pay commissions and other fees at closing. Investors, on the other hand, often handle the closing costs themselves and don’t charge a commission. This keeps more money in your pocket and means fewer people are involved in the transaction, making it simpler and less stressful for you.
4. Support with Probate and Legal Processes
Inherited properties often come with legal details like probate, which can make the selling process more complex. Experienced investors are familiar with these processes and can help streamline any probate issues or legal requirements. By working with an investor, you’ll have access to their network of professionals, including attorneys and title experts, who can handle the paperwork and speed up the process so you’re not left dealing with legal details on your own.
5. No Complicated Negotiations or Showings
Selling a home the traditional way can involve multiple showings, open houses, and ongoing negotiations with buyers. This can be draining, especially with an inherited property. Investors typically make a fair, straightforward offer right away, allowing you to avoid the constant back-and-forth that comes with finding a traditional buyer. You’ll receive a clear offer based on the current condition of the property and can decide if it works for you without the added hassle.
6. Fast and Convenient Closing Process
Investors understand that you may want a quick close, especially if the property is tied to recent emotional events. They’re often willing to work with your timeline to close as soon as possible or provide extra time if you need it. Investors handle most of the closing paperwork, letting you avoid managing the details and keeping the process smooth and professional.
In Summary
Selling an inherited home to an investor allows you to skip the traditional sales obstacles. You’ll benefit from a fast, cash sale with no repairs, fewer fees, and support with any legal or probate matters. If you’re looking to sell an inherited property without the stress and delays, an investor could be the perfect solution, offering you a straightforward way to close the chapter and move forward.Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can oftentime be a costly burden. So selling it makes sense and allows you to use the gifted equity for some other purpose. But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while. So here’s how to price your inherited home in Texas for sale:
Tip #1: Price Competitively To Sell Quickly
Some people price their inherited property at an amount they think the market might pay for the house. However, there are many factors that go into this price and one of the biggest considerations is: how fast do you want to sell? Selling through an agent “on the market” can take months, and you’ll have to pay for the house and maintain the property the entire time. That can be costly and can eat into the higher price.
Many property owners quickly learn that they’re almost better off to price slightly lower for a faster sale… they might get less for the house but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that might turn out to be a total wash.
Tip #2: Avoid Pricing Based On Fond Memories Or Emotion
One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.)
A better approach would be to work with a real estate company and find out what they can offer you, and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!
Tip #3: Build In Discounts For Repairs
If you inherited the property from a loved one who had lived in the property for many years then you might find out that the property needs some repairs. You could choose to do this work yourself and then ask for a higher price but why do that when you could save yourself the time and effort (and what you’d have to pay for equipment, supplies, or a contractor) and instead just ask for less and give a “repair discount”. That way you avoid the hassle of the work, and you still come out the same financially.
Summary
An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in Texas for sale.
Why not bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Starfish Group Properties? Just call us at 817-859-6677 or click here and enter your information in the form.