Thinking about selling your inherited house? In this blog post, you’ll read about the 4 no stress tricks for preparing to sell an inherited property in St. Louis so you can sell it easily, with no hassle.
Selling a house can be frustrating, time-consuming, and even expensive.
And if it’s an inherited house, it can be even worse!
So if you want to sell your inherited property without all the hassle, here are 4 no stress tricks for preparing to sell an inherited property in St. Louis…
No Stress Trick #1: Plan Ahead
Most people who sell a house just decide to sell without thinking through what that looks like.
- Do you have a budget for the ongoing expenses and any repairs needed?
- What if repairs take a long time?
- What if the listing takes a long time?
- What contingencies do you have if the real estate agent can’t find a buyer?
It’s stressful if you have to decide these things as they come up but if you’ve already thought about them, you’ll eliminate a lot of stress.
No Stress Trick #2: Be Informed
Do you know what the process is to sell? Is it still in probate (if needed) and clear of any title issues? Is it in need of updating or repairs, or is it in great condition (this will affect your type of buyer and length of time to sell). Do you know how long it will take? Do you know how much it will cost you? Is it even a good time to sell? Do some research ahead of time and ask these questions to get informed about selling. Getting a free consultation with a LOCAL real estate agent or house buyer would definitely be a good shortcut to get these answers from someone that does this every day.
The more information you have, the better.
No Stress Trick #3: Get Consensus
Do you know all heirs that have rights to the inherited property? Are they all in agreement with what’s being done with the house or the approach being taken to sell? You’ll want to get a consensus so the sale doesn’t get held up after time and money has already been invested. The more you can flush out ahead of time, the better.
No Stress Trick #4: Work With A House Buyer
This is the ultimate trick to avoiding the time and hassle associated with selling an inherited property. A house buying company (like what we do here at People First Real Estate Advisors) is the simplest, fastest way to put cash in your pocket, because they often buy houses fast, for cash, and in as-is condition… and are experts at dealing with any of the challenges with titles, liens, multiple heirs, etc. We’re used to these kinds of problems.
So one call to a company like ours is the best no-stress trick!
Bonus Trick: Avoid Probate
Probate is expensive and time consuming. Did you know many states allow real estate and other assets to avoid probate? Some ways to avoid probate include a Small Estate, Affidavit of Heirship, or beneficiary deed. For more information, check out our blog discussing how to avoid probate.
These 4 no stress tricks for preparing to sell an inherited property in St. Louis will help you finally deal with that inherited property without the hassle and stress!