When a loved one passes away, you’re not just grieving, you’re faced with a slew of practical matters in taking care of the estate, dealing with physical items that must be disposed of, and paperwork galore. This can be an overwhelming time, and you may not be sure of the best way to handle inherited property.
An inherited house can be a nightmare for those left behind – you, possibly along with siblings or other family members, must keep up with the mortgage payment, property taxes, maintenance, and other repairs.Oftentimes these homes are outdated and require upgrades before they can even be put on the market. Then there is the issue of the risks of a house sitting vacant while it goes through probate then awaits a buyer – these properties become targets for theft, vandalism, squatters, and other undesirable problems.
Selling your inherited house to a real estate investor eliminates the headache of dealing with all of these issues, plus renovations and other work required to get the home ready for sale. You can get cash fast for a property you don’t have time or energy to deal with, making things easier on your family and reducing the long, drawn-out process that slows your healing and stops you from moving on with life after a loss.