Inheriting an unwanted house can come with many questions including how do you put it in your name, or what taxe will you owe, what to do with the mortgage, and many more! However, if you have decided not to live in the home, and not to put it for rent, selling the property is a great way to get rid of the unexpected issue.
Just like many citizens, you may be one of the accidental property owners who never planned on owning the real estate that is now a burden on you. And that is why you are looking forward to selling a property that you have inherited. Moreover, going through this process can lead to an emotional time. You may now be about to make decisions about your family’s home a long way away from where you live.
Free, no-obligation consultation.
You sell directly to us. No expensive real estate commissions.
We can close as quickly or as slowly as you choose – our promise to you.
The estate must go through probate, that is a legal process for you to sell a house that you may have inherited. This process can take around 9 months up to 2 years on average. It begins when the court has determined the validity and authenticity of the deceased’s will.
Following that an executor of the will is designated to act on behalf of the desires of the deceased, once the court had approved the will. They are the ones responsible for making the necessary payments of all debts such as any funds left on the mortgage.
When you inherit a house that has a mortgage you now have to face the complication of sorting out the mortgage. In spite of that, in a few cases the deceased may have had life insurance that can be used to pay the mortgage.
Furthermore, you need to know what the lender expects from you if the actual mortgage was not covered by a life insurance policy. Subsequently, you need to go ahead and check the terms of the current mortgage for any details about what occurs in the event of the death of the holder’s mortgage. However, payments are usually frozen until probate if sorted out, except that the interest can continue to increase during that period.
In addition to that circumstance you may have a busy life and you do not have the time to deal with an old and unwanted house that a relative left you. On the other hand, you may feel emotionally attached to wanting to deal with dozens of showings and insensitive buyers who pick everything apart. That is why selling the property is an easy way to get out of those escenarios and just get the cash out of it as quickly as possible.
No matter your situation, at Wyohouses, we listen to your needs. We want to assist you in the best possible way. We will help you deal with any formalities quickly and tactfully, respect your privacy, and handle the closing at your convenience so you can get your own life back to normal.
If you truly want to sell the house that got inherited fast for cash and without having to make any fixes, unquestionably the best thing to do is to sell to our company. You won’t have to worry about going through the hassle and work process that selling with a real estate agent involves.
At Wyohouses, we are more than glad to help you in the process. You just need to fill out our form and we will get in touch with you shortly.
This was my first time using a sell-as-is service and I was definitely nervous about it but Casey made this process as easy as it could be. Very responsive to any question I had and very accommodating to my schedule. I would definitely recommend wyohouses to anyone.
Positive: Professionalism Casey was very easy to work with and responsive to questions as the process moved forward. He delivered on the agreed-upon contract. We were very pleased with the overall process.
It was an absolute pleasure to work with WyoHouses. They were patient, courteous, and friendly. I had to sell my grandmother’s house and it was a mess. They provided a fair offer and quick closing, relieving my family of that headache. I would definitely work with them again and recommend them to friends.
Thank you Blake at WyoHouses for taking good care of us, he listened well was able to solve our problems giving us a fair offer on our property.
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.