Inheriting your parent’s home can be a heavily emotive issue. Not only do you may have to struggle with the grief but also decide what to do with the property. Do you rent out, move in, or sell the house? Selling inherited homes is the most popular option.
Selling your inherited home can be quite a hassle and time-consuming. The traditional realtor route may have the property in the market for an average of 62 to 95 days. The best option would be to sell the house fast for cash, with closing dates of less than a week. Here are four ways in which cash home offers can help you dispose of your inherited property.
Sell Your Inherited Homes ‘As Is’
Sadly, most inheritances follow a parent’s passing-with the demise being less expected. You may not have the funds or the time to carry out repairs to the home. Realtors may demand expensive touchups to prepare the home for listing.
House sales without an agent allow you to sell the inherited homes in the condition they are in. No renovations or house inspections necessary. You only need to give the private investor a walkthrough of the property, and they will provide an instant cash offer.
You Receive the Whole Amount
Working with realtors for your inherited homes can be an expensive affair. You may have to part with 3-6% of the final sale as commissions. The agent may require you to complete expensive renovations, which will never provide a return for the costs incurred. You may also have to incur photography and staging fees.
Selling a house fast for cash allows you to receive the full amount. You do not have to worry about agent fees and other unnecessary deductions when selling an inherited home.
Expedited Closing Process
Your schedule may not provide you with the luxury of extending your stay in Calgary. Selling a home that was inherited through the traditional realtor route, you may have to wait for a long time. Listed homes spent an average of eight weeks in the market.
The 2019 National Realtor Association report shows that 58% of home sales without an agent were complete within two weeks or less. Cash buyers provide house sales with a quick turnaround, offering you a chance to close the deal within less than a week. Most private investors will provide you with the freedom to choose your closing date.
Convenience
Selling inherited homes on an ‘as is’ basis eliminates the need for expensive protocols and delays related to the realtor route. It also provides a greater guarantee for the deal to sail through. The last thing you would wish for is for the real estate negotiations to fall through the cracks.
Delayed and rejected mortgages can delay your home selling process, adding tension to an already stressful environment. With cash home investors, you receive an instant, fair offer with a closing date of your choice.
Losing a parent is can be life-changing. You may have to determine what to do with the property left behind, with most people preferring to sell the inherited homes. Selling the house quickly for cash is an excellent option that makes it convenient to dispose of the property.