Need to Sell an Inherited House?
Did you inherit a house that has become a burden in your life?
Has your inherited property become a financial drain?
Have you tried selling it but due to needed repairs nothing happens?
If you said yes to any of these questions, we can help
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How to Sell an Inherited Property in Kansas City?
Common Problems with Inherited Properties
Every day, many people inherit houses from a loved one that passed away. They are still mourning the loss but they are already pushed by our court system to make decisions. These difficult decisions could be selling the house and dividing the profits among the heirs. Or possibly renting out the house and running the risk of the tenants destroying the property. While it is not an easy task to figure out the future of a property, there are house expenses that still need to be paid such as:
Repairs (leakin roof, broken window, etc)
An inherited house can be a money pit, what to do?
Strategies to Manage an Inherited Property
Too often, heirs don’t seem to agree on what to do with the property. Some of the things they can do are the following:
Renting Out the HouseRenting out the house can be a great way to start generating income quickly. Problems that can arise can be the tenants destroying the property, not paying rent on time, etc. The major hassle seems to be the maintenance side. When something breaks, you are responsible for fixing it. So, if the toilet breaks at 2:30AM, they'll be calling you and demanding that you come and fix it.
Moving into the houseThis can be a great solution if possible. But, let's face it, things are not always the way we want them. What if you live 5 hours away? will you quit your job, find a new one, relocate (moving expenses), move your kids to a new school? What about your spouse, is she ok with all this? Have you thought about all the expenses described in the bullets above that come with owning a new house?
Selling the house using a realtorYes, this can be a very good solution if everything relating to the house is perfect. No repairs needed, no back property taxes, property is in good condition. However, we know that most likely this is not the case. Probate takes a long time and in some cases a year. During that time the financial debt of the house can be in the tens of thousands. This might not be the best option as the realtor will not touch the property until these negative things get taken care of.
Selling the house with a cash buyer like KCCash4homesThis is possibly the best solution when inheriting a house. Companies such as KcCash4Homes can buy the house in just a few days without any hassles. They can manage all the house expenses associated with the house listed above so that all you have to do is sign the offer, show up for the closing and walk away with cash.
But, I Just Need to Sell the House Fast...
Just Follow Our 3-Step Formula to Sell Your House Fast
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