How Do I Sell My House That I’ve Inherited From A Loved One?
Read our guide below on more information about what to do when you want to sell a house you’ve inherited.
NO Fees. NO Cleaning. NO Repairs.
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Need to sell your house in Chicago that you’ve recently inherited from a loved one? Chances are the property may not be in the best condition. Maybe you live in another city, or state, and don’t have the time or money (or desire) to invest in bringing the house up to par. When you’re grieving the loss of someone special, the last thing you want to deal with is inspections, appraisals, renovations, listing, and waiting and hoping for a house to sell. The good news is you do have options! So before you break out the tools (or more likely the phone to call a contractor), let’s examine whether or not it will be worth it to you to make those repairs. Or perhaps it would benefit you to sell your house As-Is.
The passing of someone we’re close with is never easy and we are so incredibly sorry for your loss. We’ve been in your shoes. Your mom or dad, or grandparents, work diligently their entire life. They save their hard earned money to raise their family well, nurture their loved ones, and provide a beautiful, safe space for everyone to call home. And now you’re the beneficiary of this legacy. Technically, this should be cause for a celebration, right? That depends on your goals, of course. However, the cost of holding on to a house that you don’t want–or need–can end up leading to more headache than happiness.
Below Are Some Common Problems With Inherited Houses
Unknown / Expensive Repairs
Maintenance / Upkeep
Almost all home transactions will involve an inspection. Inspections are commonplace during the home selling process. Inspectors are paid to come to the house and uncover issues. It’s best to be upfront with your buyers from the start, rather than letting an inspector find issues.
Based on the results of the inspection, buyers will often request a price reduction to account for the needed repairs. They could also negotiate for the repairs to be made prior to closing on the house. They may even back out of the deal entirely. Some of the above repairs are quite extensive. As the seller, you’ll most likely need to spend money on repairs in order to get your house sold, or you’ll need to lower your asking price.
Property People is a local home buying company in Chicago IL. We buy houses all over Chicagoland 100% As-Is, in Cash. We can buy your inherited home (even with the extensive repairs needed) and handle all the hard work so you don’t have to. If you are dealing with damage in your home and want to sell without having to make any repairs, get your No-Obligation All-Cash Offer today.
Our selling process is 100% free. Even if you are unsure of what you want to do, I encourage you to reach out for a free offer on your house. You have nothing to lose. 😉