I inherited a House and Want to Sell It
“ I inherited a house and want to sell it, but how do I do that? We are four siblings, and our father left this home to us. Now the problem is that one of our brothers wants to keep the property while the rest 3 of us are interested in selling. I want to sell this house soon as I am living out of state and I cannot manage the entire sales process. Kindly guide us how can you help us and what is the best way to sell an inherited property?”
This is a message from one of our visitors. We are writing this article to answer this query for you.
Selling an inherited house is different from a typical real estate deal. You must prepare yourself for the emotional ups and downs. On one side, you have lost a loving father, and on the other hand, you are having trouble resolving matters in the family. Your case is simple since the 3 of you want to sell the house. You will have to sell the property, and we can help you do it quickly.
I Inherited a House and Want to Sell it Quickly: How?
Prepare for the Probate Process
Most states require you to apply for the probate. A probate is a court organized method of distributing the estate of a deceased person. The whole process can take anywhere from 6 months to several years. However, most cases are closed in less than a year.
Choose the base price for your home
To sell the house, you need an independent appraisal. It should reflect the Fair Market Value of your home. You can contact a house appraisal company. If you are looking for a free quote, feel free to call us here.
Work with a probate attorney
You will collaborate with a probate attorney to pay any debts and taxes. Once all dues are clear, the court will distribute the money to beneficiaries.
Market your home and finalize the auction date
Once you have established a base price, the court will ask you to market your home. Your executor will issue a date to sell the home. You or your attorney will advertise the property. Interested parties will gather on the day of the hearing. Each prospective buyer must send an offer with a 10% deposit. The sale works like an auction, and your inherited home goes to the highest bidder.
Sell the property
The court will sell your home for the highest offer. This money does not directly go into your hands. The executor will first pay the debts, taxes and then all the beneficiaries will get their share of the money.
There is a Better Way to Sell an Inherited House
You can sell your inherited house in the blink of an eye if you choose to work with us. JJW Homes LLC is a residential redevelopment company operating in Bay area. We are currently buying houses in San Francisco and would love to help you out.
JJW Homes pays cash. We will send you a 100% free, no-obligation cash offer. Once you accept the offer, we will work quickly to prepare everything. In most cases, we can help you close the deal in just ten days or at a date of your choosing.
- Get 100% Cash for your house
- Sell your inherited house in as little as ten days
- No need to pay the attorney
- No real estate commission
- Our company will pay the closing costs
I Inherited a House and Want to Sell It
