Trying to sell an inherited house in 2024 can leave you with a lot of questions. The article and video here can help to answer many of the common questions that will come up.
Hey everybody! It’s Nick. Here’s another one. I get this call a lot: “We inherited this house. What do we have to do? Can we sell it?” And then there are a few other questions that usually come along with that first one, but it all has to do with a property that was inherited by one or more people.
Can I Sell an Inherited House?
First of all, of course, absolutely, once you’ve inherited the property and you’re the legal owner, you can sell that property. There are a couple of other things that you might want to think about. Was there a will in place and does that will say who should inherit the property? If so, has that will been probated? The short answer to that is that it’s just a way to go through the court system and you get a judgment saying, “Hey, this is a legal and binding will and then we’re going to follow what’s in there, and these people should be awarded the property, whoever is listed as the people to inherit it.”
How to Sell the Property Without a Title
Lots of times there’s not one. That doesn’t mean that you can’t sell the property! What you will need to find out is all the people who are in what’s called the chain of title. Like in my state, Texas, there are certain rules, right? Whoever passes away, their property will be passed down to certain people or over to certain people, and people will have a certain percentage of ownership in that. If you know who those people are or can locate them, and everybody can agree, it’s really not that hard to then sell the property, and split it up so that everybody gets what’s agreed upon.
The other thing is some people will be in the chain of title, and they really don’t feel like it’s their property. Maybe everything was agreed on by the family before, that this would go to this sister and everybody knows it. That’s okay, right? Those people can also sign their rights to the property over to that person and then that person can sell the property the way it was meant to be if that’s what they choose to do with it.
Benefits of Selling Your Inherited Property Quickly
Selling an inherited house quickly has multiple benefits:
- Reduction of Stress and Emotional Burden: Getting rid of the property quickly can help you move on and reduce the emotional burden.
- Avoid Maintenance and Repair Costs: Maintaining a property can be costly. Selling it quickly frees you from these expenses.
- Quick Access to Liquid Funds: Selling the property allows you to access the funds you may need for other investments or financial needs.
- No Need for Repairs: Selling to a direct buyer eliminates the need for expensive repairs or renovations.
- No Commissions or Fees: Unlike real estate agents, direct buyers do not charge commissions or fees.
Do I Need to Make Repairs on My Inherited House?
The quick answer to this question is no. At Sell My San Antonio House, we buy houses in any condition, without requiring you to make repairs.
One of the main issues with inherited houses is that they are often in poor condition and require repairs that can be costly and time-consuming. However, by choosing to sell your house to cash buyers like us, you can avoid these inconveniences.
Traditional banks often refuse to finance houses that need significant repairs, which limits the pool of buyers to those who can pay in cash. This is where we come in.
How to Sell an Inherited House in San Antonio in 2024
To sell your inherited house in San Antonio in 2024, consider the following steps:
- Assessment and Preparation: Conduct an assessment of the property to understand its value and the necessary repairs.
- Choosing the Method of Sale: Decide whether you prefer a traditional sale or selling to a specialized company like Sell My San Antonio House.
- Preparing the House: Ensure the house is in the best possible condition to attract buyers.
Opting for a company like Sell My San Antonio House can significantly simplify the process, allowing you to sell without repairs or additional complications.
Where Can I Find Help with an Inherited House with a Mortgage?
A couple of things, if you have inherited a property, there are probably some really good people to help you. It does come up a lot. A lot of calls that I get, the property may need a lot of work. It’s been inherited or the people are out of state and they inherited a property, or they just have another property and really don’t need it and would like some help with somebody to buy the house. So they’ll come out, have them take a look at the house, and help you with the process. Lots of times, because of the experience with these transactions, things go a lot smoother with the title company getting the clear title to the property and then you’re able to move on with everybody getting the resolution that they want just regarding that property.
Why Cash Home Buyers Will Buy an Inherited House “As Is”
Because we buy houses with cash and don’t need bank approval, we have the flexibility to purchase houses in any condition. This is crucial because traditional banks usually won’t finance houses that are in poor condition, considering them a risk.
At Sell My San Antonio House, our business model is to help homeowners who need to sell quickly, especially inherited houses in San Antonio. We and our local partners handle repairs and closing costs, ensuring the process is hassle-free for you. Our goal is to do all the work, so you don’t have to.
Benefits of Selling to Direct Property Buyers
- Quick Process: Selling a property through traditional channels can take months. With direct buyers, you can receive a cash offer in just 24 hours and complete the process in a few days.
- No Need for Repairs: Direct buyers purchase properties as-is, with no need for cleaning, repairs, or renovations.
- No Commissions or Fees: Direct buyers do not charge commissions or fees, meaning you receive the full amount of the cash offer without deductions.
- No Showings or Open Houses: Avoid the stress and hassle of showing the property to potential buyers, as no showings or open houses are required.
- No Negotiations: Direct buyers offer a fair and reasonable cash offer without the need for negotiations, allowing you to accept or reject the offer without pressure.
Testimonials and Success Stories
Here are some success stories from people who sold their inherited houses with Sell My San Antonio House:
- Ferenc Erdei – Nick helped me and my family navigate the complicated paperwork so we could actually sell our house and collect our inheritance. Thank you for all your help.
- D.J. Mack – I wasn’t sure I could sell the house I inherited from my aunt because it was in such poor shape. Nick came out, made an offer that day and we closed in about 10 days. Nick explained everything making the process so easy! Thanks!
Selling an inherited house in San Antonio in 2024 can be a challenging task, but with the right information and support, it can become a positive experience. Sell My San Antonio House is here to help you through every step of the process, ensuring a quick and stress-free sale. Contact us today for more information!
You can always reach me by phone for instant answers as well at (210) 201-6644!