Inheriting a home can be a joy for some people, but for others, it can be a significant burden. If you’re interested in selling a home you inherited, you may have heard some of the numerous rumors and myths that circulate about the selling process. In this article, we’ll review some of the most common myths about selling a house you inherited to help slow the spread of misinformation and allow you to make the best decision for you.
Myth: You have to have lived in the home to sell it.
Fact: We’re not sure where this myth came from, but it’s completely false. You can sell a home regardless of whether you have lived in it, and this applies to inherited homes the same as it does to any other.
Myth: Selling an inherited house requires renovations and updates.
Fact: If you choose to go through a realtor or other selling route, you’ll likely need to do some repairs and updates. However, that’s not the only option available. Selling a home you inherited to a cash buyer frees you from the obligation to make extensive renovations or updates and allows you to sell the house as-is, with little effort, time, or money spent on your part.
Myth: You can’t sell an inherited house that has multiple heirs.
Fact: While multiple heirs may complicate things, it’s completely possible to sell an inherited house with more than one heir as long as everyone is in agreement and the right legal steps are taken.
Myth: You can only sell an inherited house if you use a realtor.
Fact: Many people choose to use a realtor when they’re selling an inherited house, but it’s far from your only option. Selling a home you inherited to cash buyers offers you the opportunity to sell quickly and without the need for repairs, marketing, realtor fees, and waiting for loan approval or other paperwork.
