Monday 5 January 2015

Selling An Inherited House


You may be quite happy when you inherited the house, unaware that it would be emotionally taxing and stressful to deal with it. You can do a number of things with your inherited house including selling it, putting it on lease, living in it, or building on it. Taking a decision can be difficult if you have an emotional connection with the property or there are other people involved. If you want to
sell your inherited house quickly and that too without having to make any repairs, then you can count on investors such as Blue Bonnet Property Buyers.
Selling your inherited property to an investor has numerous benefits. The biggest advantage is that you can save a lot of time and money by selling your inherited house fast. You should prefer selling to an investor rather than considering other options, as investors do not require you to repair the house and help you avoid probate expenses. Usually when someone dies and the property lies vacant for long, it starts showing signs of deterioration, as there is no one to maintain the property and there are chances that the home can be vandalized. By selling the house to the investors, you can prevent the property from deterioration and remaining unoccupied. Moreover, you need not hire a real estate agent. Some investors help in changing the title over to heirs without any extra charges.
The real estate investors such as Blue Bonnet Property Buyers help you close the deal faster. If the property goes to probate, it is required that the property should be maintained even if no one resides there. Someone has to pay Homeowners’ Association fees, property taxes, insurance, lawn maintenance, and utilities. As probate procedure may take up to six months, so you may need to pay for the maintenance of the house besides paying for legal and other fees related to owning and selling the property. Once the probate is complete, you may be required to repair the house, hire an agent, and be there until a buyer is available. Many agents often do not list the property unless the probate is compete, so it is possible that you may have to hold the property for nearly a year before selling it. Unlike probate process, selling to a real estate investor is quick, as the deal is often closed in weeks. More information visit site : www.bluebonnetpropertybuyers.com