When you must sell a loved one’s home that you’ve inherited, you might consider an “as is” sale. In a traditional home sale, the “as is” status can lead to delays that can cost you. Instead, a quick sale to a cash buyer might be a better option for you.
How Much Will You Pay for Repairs?
It’s typical for an inherited house to have some problems. Necessary maintenance may have been neglected over the past several years. The appliances and décor may also be outdated.
To get top dollar for the home, you would need to first invest the money needed to make any repairs and spruce up the home for photographs and potential buyers. On the other hand, with a cash sale, you never have to spend money to make repairs.
How Long Can You Wait to Sell the Home?
A house listed “as is” puts up a big red flag for potential buyers. They know they will have to spend extra to get the house in the condition they want it. The house may sit on the market, and when you do get an offer, it will likely be lower than you wish for.
While you wait, you must continue to pay utilities, insurance, taxes, and mortgage payments. It could add up to thousands. With a cash sale, you can have an offer within 24 hours, and you won’t have to spend another dime on expenses for the home.
How Quickly Do You Need to Settle the Estate?
Most people are anxious to settle the estate of their loved ones as soon as possible. It’s an emotional process, and if there are several heirs, delays can cause tensions.
If you choose to sell the home “as is” for cash, you can get matters taken care of, and everyone can move on. A cash sale can close within a couple of weeks. You can distribute the inheritance to the heirs quickly.
An “as is” house is never a problem with a cash buyer. In fact, that’s their specialty. A cash offer is always no-obligation, so there are no risks to inquiring. The “as is” cash sale can get the house sold fast and without cost or hassle to you.
Have you inherited a home in the Atlanta area? See how Simply Sold Homes can help you sell it by clicking here.
