Once you’ve navigated through probate and/or legal issues, follow these tips to get your inherited home sold:
Preparing to Sell an Inherited Home
Preparing to sell your inherited can take some time, so it’s important to understand how to prioritize what actions you should take first. Some repairs and cleaning might be necessary, but you might not have to do as much prep work as you think. Here’s a good list to follow as you prepare to sell your inherited home:
Go Through Personal Items
Often, the hardest part of selling an inherited home is going through the belongings inside it. Before you can put the property up for sale, however, it’s imperative that you remove personal items.
To make the process easier and more efficient, try separating things into “keep, toss, donate, and sell”. Then, store the special momentos, photos, and keepsakes; drop off or schedule a pick up of charitable items; and decide on pricing for anything you wish to sell rather than throw away.
Note: it’s a good idea to research the going rate for more valuable items to ensure you get a fair price.
Hold an Estate Sale
Selling belongings you don’t wish to keep will help to empty out the house and make it less cluttered, thus easier to sell. Proceeds can also help cover costs of advertising the sale, as well as possible repairs, any outstanding debts, or fees for professional help.
If you don’t have the time or desire to take on setting up an estate sale, there are specialists you can contact or you might want to consider enlisting the help of family members or close friends.
Put in Some Elbow Grease
Once the house is cleared, be sure to clean everything thoroughly, or hire a cleaning crew to do so. No one wants to buy a dirty home, and presenting a clean slate helps buyers to picture themselves living there, which in turn can accelerate the sale.
Make Small Repairs (But Only if They Make Sense)
Often, needed repairs become apparent after clearing out the house and cleaning up. If fixes are low-cost and simple, then making the repairs will most likely be worth it and will help the house sell more quickly.
On the other hand, if repairs are costly or do not add value, then you probably shouldn’t waste your time, effort, or money.
Selling Your Inherited Home
Now that you’ve gotten through all of the preparations, it’s time to put the house up for sale. Having the house inspected and appraised can help you decide on an appropriate asking price. It’s important to know the value of the house, as well as the market for the area. You should also keep in mind whether there are any outstanding debts to pay, such as mortgage installments or taxes.
If you do not live nearby or you’d simply rather leave it to the experts, you may want to have a realtor or a real estate investor’s help.
A reputable real estate investor, like Renewed Homes, can help sell your inherited home quickly at a fair price, sell it for cash, and even sell it as is — meaning you do not have to make any repairs. In short, we can take the house (and everything it takes to sell it!) off your hands, hassle-free.
If you are selling an inherited house and you want to make the sale simpler, faster, and less stressful, contact Renewed Homes. We can help you get a good price and close on a home sale in as few as five days, so you can hang onto the memories, but let go of your inherited home without a hitch.
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