Should you sell your inherited house or hold onto it? It’s a tough question that many are faced with at some point in their lifetime. When you inherit a house, you face many decisions, the first of which is whether or not to keep the property. While there are many factors that come into play, and this may not be an opportune time to make such significant financial decisions, yet time waits for no one. It is helpful to have a clear picture of what you should consider when making important decisions about your inheritance, especially if other heirs are involved.
While not necessarily pleasant, it is helpful to go into the process with realistic expectations. Read on to learn more about what to expect if you are looking into selling your inherited house in Louisville or if you should hold onto it.
Emotional Decisions
It isn’t uncommon for the new owners of inherited property to feel overwhelmed by emotions when visiting the house. Thinking only of the discomfort they feel and the inability to bear dealing with the situation, yet overwhelmed by the sentimental weight they hold in the property, it is left to dilapidate over time, losing more value as the house falls into a state of distress. All the while, the costs of ownership continue to fall on their shoulders. The professional investors at Shane Adams Real Estate are local and are here to help. You can avoid this scenario altogether because Shane Adams Real Estate has an in-house team of professionals from every walk of the real estate industry who can even clean out the property on your behalf. Simply take all the valuables you’d prefer to keep and they can take care of the rest.
Long-Term Outlook
Long-term considerations include the cost of upkeep, including any remaining debt, taxes and insurance, maintenance, and repairs. In addition, the house may not be in the best of condition, often as homes age, the significant systems begin to break down, and rehabilitation of the property may be cost-prohibitive. An experienced professional investor like those at Shane Adams Real Estate can help you run the numbers and determine if you should sell your inherited house in Louisville without obligation. If it’s determined that your best option would be to sell, they’ll give you an all-cash offer and close as quickly as you’re ready to sell.
The Burden
In addition to this, if the home’s location is a great distance from your own, there will be a lot of time and money spent traveling to care for the property. In some cases, you may even need to hire help for routine maintenance and upkeep, such as landscaping. All of this can quickly become a tremendous financial burden for you. On the other hand, if you sell your inherited house in Louisville to a professional buyer like those at Shane Adams Real Estate, you can relieve yourself of the stress and worry over carrying the costs of your inheritance from the mortgage to taxes to costs for upkeep.
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Look at the Numbers
While your benefactor may have had the best of intentions, it is not always necessarily a financially sound decision to hold onto the house. A professional buyer like Shane Adams Real Estate will provide you with the details on the profits you’d earn by listing the home on the market. Then we will compare this to the detailed offer from Shane Adams Real Estate, which you will agree is fair, so you can decide which is best for yourself.
Sell your inherited house as-is to Shane Adams Real Estate for cash – use the money on something you’ll love!
Shane Adams Real Estate wants what is best for your situation, so our professional buyers take the time to listen. The experienced buyers at Shane Adams Real Estate understand the unique situations that can arise with inheritance and help you overcome any hurdles with your inherited property. We make the process easy, with simple agreements and a guaranteed closing date– usually in a matter of days– Shane Adams Real Estate is ready to help you sell your inherited house in Louisville. If you need a little more time, Shane Adams Real Estate has the flexibility to set the closing up for the most convenient date. Call Shane Adams Real Estate at (812) 920-0516 or send us a message to learn more.