You’ve inherited a house. Congratulations. But you don’t want to live in it, nor do you want to keep it as an investment property. So, instead, you’ve decided to sell it. Selling a home is always complicated, but adding in the fact that it’s inherited adds even more complexity to the equation. Everything from it being bequeathed in a will to the presence of a mortgage can impact how you unload it.(1)
The good news is that you can easily sell my house fast in Gahanna OH to a cash buyer. Keep reading to learn the steps and the benefits you will enjoy when you sell the house you inherited to a cash home buyer.
Steps to Sell Your Inherited Home to a Cash Buyer
Here are the main steps to take or expect when selling your inherited home to a we buy houses Whitehall company or any other cash buyer;
Review the Estate Plan
Selling your inherited home requires you to carefully review the estate plan and the property documents. If the property title has already been transferred to your name, it will be easy to sell it directly to a cash buyer. However, if the property is still under a trust, you will need some legal guidance on how to proceed to ensure a seamless process.
Cash buyers can buy your inherited home even if it has property tax issues, inheritance disputes, or even an unpaid mortgage. So, even if there are issues surrounding the home, rest assured that a reliable cash home buyer will help you navigate the process and close the deal as soon as possible.
Set the Right Price
Once you have reviewed the estate plan, you can now proceed to sell the house. The first step is to set the price. But you must know that pricing can make or break the deal. If you set the wrong price (too high), your property will likely stay much longer in the market. If you set the price too low, you will not get good money from the deal.
You must then set the correct price. You can do a market analysis to get the right price for your home. Once you set the price correctly, rest assured that your inherited home will be sold within a few days or weeks.
Choose a Reputable Cash Home Buyer
Now that you have set the price for the house, it is time to choose a cash home buyer. You must read the customer reviews of the available cash home buyers in Gahanna, Ohio, and nearby areas. Also, check their licenses and proof of funds. Choose a licensed cash home buyer with many positive reviews and proof of funds.
In addition, ask how the buyer works or how is their buying process. Sell your inherited house to a cash buyer with a simplified home-buying process to ensure the best experience and, at the same time, save money and time. If a cash buyer has a lengthy, complicated process, don’t sell your house to them.
Contact the Buyer
You will contact the cash home buyer via phone, message, email, or website. You will provide the details of your inherited home, including its size, location, current state, and asking price. Once you do that, the buyer will tell you when they will send a representative to view your property.
Property Assessment
The representative will arrive at your home for property evaluation. Some cash buyers can assess your home virtually using online tools. The assessment helps the cash buyer determine the cash offer for the home.
Cash Offer Presentation and Negotiation
After assessment, the cash home buyer will give you a no-obligation cash offer. You can take the offer or negotiate for a better one. This is the time to use your negotiation skills to secure the best deal from the buyer. The buyer can adjust the price to ensure a win-win situation for both parties.
Closing the Deal
Once you agree on the price, the next thing is to prepare the paperwork. The we buy houses Whitehall company or investment firm will collaborate with a local title company to prepare the paperwork and finalize the deal. You will be required to review the agreement before signing. Once everything is signed, the cash buyer will transfer the full amount into your bank account to close the deal. The entire process can take as little as 7 days.
Why Sell a Home You Inherited to a Cash Home Buyer?
Here are the main reasons why you should sell your inherited property to a cash home buyer;
No renovations or repairs required – Cash home buyers buy homes in as-is condition. You won’t have to repair or renovate your home to sell it. They will buy the house as it is, helping you save time and money you could have spent to fix damages and improve the home.
Faster closing process – When you sell my house fast in Gahanna OH for cash, you will bypass many processes. You will avoid home inspection, appraisal, marketing, showings, staging, and reviewing offers. You will sell the house directly to a cash buyer, and the entire process will take 7 days or up to 14 days. If you sell the house the traditional way, it will take more than one month to close the deal due to the many processes involved.
Avoid closing costs and agent fees – When you sell your home to a cash buyer, you won’t pay the agent’s fees. Why? A cash buyer will buy the house directly from you as no agents or middlemen are involved. In addition, a reliable cash home buyer can cover the closing costs. This means you will keep all the proceeds from the deal.
Convenience – When you sell your house the traditional way, there are many processes involved, including showings and inspections. In addition, you must work with the real estate agent or buyer’s schedule. However, when you sell your home to a cash buyer, you will sell the house based on your terms. You will choose the closing date, and processes like showings and inspections are bypassed, ensuring a hassle-free process.