Inheriting a house from a loved one can be a great financial windfall, but it can also be a real headache. In many cases, inherited homes are older and in need of major repairs or renovations. This often leaves homeowners wondering what to do, especially if they don’t plan to keep the house. In situations like these, it pays to consider selling to a real estate investor like Home Cash Guys. We buy houses in any condition, so you can be free of the stress of dealing with an older house and walk away with cash.
Inheriting Someone Else’s Problems
Loved ones who leave their home to family members have the best intentions. They give their property to family in the hopes that it can either be useful or provide a form of inheritance if they decide to sell the home. Regrettably, many inherited homes also suffer from varying levels of disrepair, most likely because they were owned by elderly individuals who either couldn’t or didn’t want to keep up with necessary home repairs. This may leave you wondering how to sell your house that you’ve inherited – especially if you don’t have the time or money to invest in making repairs yourself.
The Difficulty of Selling Any Home Needing Repairs
Some homes need thousands of dollars in work in order to get a good price on the retail real estate market. This could mean waiting a long time to find the right purchaser if it even sells at all. In the meantime, repair needs are likely to increase, which only worsens existing problems and reduces the resale value of the property. In some cases, a local governmental body or an HOA may require that repairs be done, which creates a very real problem for the person who inherited the house. The new owner may not have the means or desire to invest money to complete the required repairs to sell a house to a homebuyer.
The Benefit of Selling Inherited Homes As-Is
If a person who inherited the home plans to keep it, repairs typically must be done. On the other hand, if you’re considering the benefits of selling an inherited home as is, either due to an inability to keep it or a need to have its cash value, you can sell your house for cash quite easily to a real estate investor. Such action avoids the headaches that typically accompany conventional sales, such as making the home show-ready, repeated showings, and potential delays until a sale can actually put money in your hands.
Investors meet with homeowners to purchase houses and offer to buy your house for an agreed price; it’s that simple. While the house’s condition will always be a consideration in determining price, being relieved of having to spend money to make necessary repairs allows those selling inherited homes as is to receive a fair price without having to spend money for repairs or renovations.
If you have inherited a home that you can’t or don’t want to keep, avoid losing any built-up equity. All you have to do is say, “I want to sell my house fast!”
We Buy Houses in the Greater Philadelphia Area
If you are selling your house in Philadelphia, Delaware, Chester, Bucks, Montgomery, Northampton, Lehigh, or Berks Counties, Home Cash Guys is here to help. We buy houses in any condition, so if you have an older home in need of renovation, your house has been on the market for a long time, you need cash fast, or just don’t want to deal with the hassle of a realtor, get started today!