Inheriting real estate from a loved one can be an emotional experience. Unfortunately, it can also be stressful if you’re unsure what to do with the property. For instance, if you already own your own home, the house you inherited needs work, or it’s not in a location that works for your needs, you may wonder what steps to take to sell it. Keep reading to learn more.
Selling an Inherited Home
If you’ve recently inherited a home, you don’t have to stress about what to do with it right away. There’s no immediate rush to selling a home you inherited, as the estate must go through probate first, a process that may take as little as nine months or as long as two years. After the probate term is complete, the house is yours to do with as you wish.
Why You Should Sell
If you already have a home of your own or can’t afford the upkeep of another property, selling a home you inherited can be a more financially savvy decision, as it gives you access to the home’s value, rather than a property you will need to care for and pay taxes on. If you share the inheritance of the home with other members of your family, selling the home is also a simpler way to evenly divide your inheritance.
How to Sell
While you may consider the conventional process of selling a home you inherited by contacting a real estate agent and listing the home on the market, there are ways to sell it more quickly. Even better? Working with us at Tampa Fast Home Buyer means you can sell without having to make repairs and means you’ll have a cash offer in the same day after we inspect your home.
