Inheriting a house can be an unexpected event life may bring our way. But what exactly happens if a loved one leaves you a house? As much as you might want to keep it, you may find that you can’t afford to keep it and you are then faced with having to put it up for sale. Selling your own house in the best of circumstances is stressful enough, what if you need to sell an inherited house? Selling your inherited house can be a demanding endeavor, but it’s not impossible. With the right information and assistance from Kendall Partners, you will find that there is a hassle free way to sell it quickly. So exactly why is selling an inherited house so difficult in the first place?
What Happens When You Sell An Inherited House
There are many factors to consider when planning to sell an inherited house. These include the emotional aspect of selling a loved one’s home, the costs necessary to to make repairs or updates in order to attract buyers, continuing mortgage, insurance, and utility payments until the house is sold, and dealing with other hidden challenges such as liens or code violations — on top of the normal costs associated with selling a house. In the best of circumstances, your loved one already made arrangements for the contents of the house and was able to manage home maintenance during their ownership. Often this isn’t the case. In fact, the number of Americans that have a will in place has decreased by about 25% since 2017.
We speak to owners of inherited houses daily, and many times selling a house that is in probate is more complicated and takes a bigger emotional toll than other sales. It usually involves removing a lot of personal contents from the home, making surprise discoveries about the true condition of the property, and trying to make a lot of practical decisions while still honoring the wishes of the person who passed away. Owners who live out of state and have inherited a house in Illinois describe more challenges due to logistics, and if there are other siblings who need to be a part of the decision making process, this can further complicate an already difficult time.
Negotiating and managing the selling process can be very stressful. Sometimes when our emotions get carried away, we have a hard time making business decisions. Times like this are when people need a professional with experience buying and selling probate homes to help you through the process. Liens or other problems such as code violations may come up unexpectedly while trying to sell an inherited house. You may find yourself having to make costly updates to correct violations, and paying off liens in order to finalize the sale. There are also legal and taxation aspects of the sale you may be responsible for. These things can cause disagreements amongst siblings, as more decisions arise throughout the sale. Unless you’re a professional in this area, the process can be overwhelming especially if those major problems come up.
Do You Need to Sell an Inherited House
If you’ve recently inherited a house and you want to know your options for selling it quickly, give Kendall Partners a call at (630) 389-8232. Your first instinct may be to call a realtor or list it for sale by owner, but you do have other options. If cleaning out personal contents, making expensive repairs, improving curb appeal, and keeping up with utilities, taxes, and property management costs while you try to sell an inherited house are just too overwhelming, we can help. We know that owning and maintaining a house is a lot of work, and that it can be especially stressful when you have inherited a house. Selling it the traditional way requires cleaning it out, fixing it up, making it look pretty and finding the right real estate agent to work with you. Even after all that, it can sit on the market for a long time — while you still have to pay the taxes and utilities, and make sure it’s secure even though it’s sitting vacant. Working with a professional home buyer can help you manage this difficult time.
If you’re ready to sell an inherited house quickly, we’d love the opportunity to speak with you and to see if we’re a good fit for your real estate problems. We are professional home buyers, we’ve been buying houses in Chicagoland since 2007, and we buy houses regardless of their condition. We’re different than other professional home buyers out there. Our contract with you does NOT depend on us finding a third party to step in and buy your inherited house. We actually purchase your house directly from you, helping you find the relief you need in as little as 14 days from the date of contract. There’s no need to stress about the deal actually going through, because once we may an offer on your house, we intend to make the purchase and we have the ability to perform on the contract. We are respectful, discreet, and professional, and we’re here to help you walk through the selling process. If you’ve decided it’s time to sell an inherited house, give us a call at (630) 389-8232 or submit your information below, and we’ll have a short conversation about your unique real estate problem and a no-obligation fair cash offer to you within a business day.