Inheriting a house has its pros and cons. On the one hand, you’ve suddenly come into property ownership. But on the other hand, you may not have the money or desire to keep and maintain it. Not to mention the emotional upheaval that inheriting a home can bring. If you’ve recently inherited a house you don’t want to keep, you may wonder how to sell it quickly and for the most money.
You might think that selling and inheriting a home is just putting it on the market like any other home. But there are a few key differences. Even so, your home will likely sell quickly if you follow the right steps. If you are searching for “how to sell my inherited house,” this post is for you. Keep reading to learn how to properly sell your house after a loved one passes away!
Here are a few things to keep in mind when you start the process of selling an inherited home:
Do your research and understand the inherited home selling process. You need to be familiar with the steps involved in selling a home, from start to finish. This will help you avoid any stressful surprises along the way.
The first step in selling an inherited house is to go through the probate process. Probate is the legal process of authenticating a will. The executor of the estate, the person responsible for carrying out the deceased’s wishes, must file a petition with the court.
This starts the probate process, which can take months or even years to complete. Once the probate process is finished, the inheritor can sell the home. You might be able to avoid probate if your deceased loved one sets up a living trust. Speak with an attorney to learn more about this process and guide you.
Gather all of the necessary documents and paperwork before listing the home. This includes the death certificate, will, and any other legal documents related to the property. You’ll need these to sell the home. You should also collect any important home maintenance records. This will show potential buyers that you properly maintained the home.
Once the probate process is finished, it’s time to get the house in order. This means making any necessary repairs and getting rid of any personal belongings. It’s important to make your home as presentable as possible to sell it quickly and for top dollar.
Sometimes, more than one person inherits the property. If this is the case, you need to get a consensus from all parties before selling. Everyone must agree on the terms of the sale, including the listing price and commission.
Selling through a realtor is the most common method to sell a house. You should work with an experienced agent who knows about handling probate and estate sales. They also have a network of potential buyers and will be able to market your home effectively.
However, this is not the best way if you need to sell fast. Because realtors will list your home, and it can take weeks or even months to find a buyer. You also have to perform repairs to get a better price and pay the realtor’s commission, which is usually 4-6%.
If you want to sell your home fast, the most effective way is to sell it to home-buying companies. Home buyers are investors who purchase homes as-is. This means you don’t have to make any repairs or upgrades. Plus, the home selling process is usually completed in less than a week.
At Wyohouses, we are dedicated to buying your home quickly and for a fair price. We understand that selling an inherited home can be difficult, so we are committed to making the home sale as stress-free as possible. Our team is aware of the legalities and paperwork involved with selling an inherited home.
The Wyohouses team will make you a cash offer for your home as-is, so you don’t have to worry about making any repairs. We can close on your home in as little as seven days; without commissions or hidden fees. And the best part, we can help you find a new Wyoming house that meets your current needs and budget. Don’t hesitate to reach out; we’re here to help!
We are a local real estate company with deep Wyoming roots.
The reason we are Wyoming’s number one home buyer is because we do things right, focusing on integrity and building quality relationships within our community. Our number one goal is always to find honest solutions to homeowners problems, whether that be selling quickly or just making selling your property hassle free.
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