Deciding Whether to Sell or Keep Your Inherited Property in [Market_City]

Chris

Are you standing at a crossroads, contemplating the fate of your inherited property in the enchanting city of [Market_City]? As you grapple with the complexities of dealing with a house that wasn’t originally yours, especially when entangled in the intricacies of the selling process, emotions might surge like a swirling tempest. Fear not, for this article seeks to be your compass, offering valuable guidance and a comforting hand to assist you in charting a course towards a well-informed decision. Let the journey unfold as we unravel the mysteries and possibilities of your inherited property, and together, we shall navigate the winds of uncertainty to discover the most fitting path ahead.

Inheriting a property can bring unforeseen challenges related to homeownership, including bills, taxes, maintenance, and unexpected repairs. Over time, these expenses can accumulate significantly. To make a thoughtful choice about whether to sell or keep the inherited property, take a moment to ask yourself essential questions. Delve into the current market conditions and thoroughly understand the property’s specifics to make the best decision possible. Below, we’ll provide practical tips to help you determine whether retaining or selling your inherited property in [Market_City] is the right path for you. Furthermore, we’ll offer insights into the most suitable selling methods to ease your decision-making process.

Ask Yourself These Questions

Do you have a use for the property?

As you consider the decision of whether to sell or keep your inherited property, take a moment to reflect on its practical usefulness. While sentimental value is meaningful, it’s essential to assess whether the property serves a functional purpose in your life. If it remains unused and without a clear practical use, holding onto it might not be the most pragmatic choice in the long run.

Are there other owners?

If there are multiple owners of the property, it’s crucial to have a collaborative discussion to reach a consensus on whether to keep or sell the house. In cases where opinions differ, consider the possibility of buying out the other owners to avoid unnecessary disagreements. Remember, the property is merely a house, and the person who passed it down to you would never want their gift to become a source of contention.

If you decide you want to sell, how much can you spend upfront?

Before listing the property, it’s essential to clear out any belongings left in the house. Traditional property listings often come with upfront costs, including repairs and professional cleaning. However, making repairs to a house you’ve never owned can be tricky, and you don’t want to find yourself spending excessively on a property you intend to sell. Depending on your chosen selling method, you might also encounter marketing expenses.

Ways To Sell

List It

Listing your inherited property in [Market_City] will involve preparing the property for the MLS. Conduct a realistic comparison with other homes on the market and determine the property’s value. Avoid over-improving the property, as it may lead to unnecessary expenses on a house you intend to sell.

Sell On Your Own (FSBO)

Selling the house using an FSBO listing will save you on commission, but you’ll still need to cover cleaning, repairs, marketing, and other selling costs. In most cases, selling on your own to a regular buyer can be a lengthier process and may result in less money in your pocket.

Sell To An Investor

By selling your inherited property to [Company], you won’t need to spend any money out of pocket. There are no expensive commissions, agent fees, or administrative costs involved. Selling directly to an investor allows you to swiftly receive your profits and move on from the property without months of repairs and waiting for a buyer.

To learn more about whether to sell or keep your inherited property in Indianapolis, reach out to us! We are happy to answer any questions you have. (317) 526-4712

Is There A Holding Period Before Selling My Inherited Home? – 46142

Chris

If you are thinking about selling your inherited property, you might be wondering, “Is there a holding period before selling my inherited home?” This article will answer that question and you might be surprised at what you learn…

If you’ve inherited a property, you might now be wondering what to do with that property. And if you’re thinking about selling it then you’re probably wondering, “Is there a holding period before selling my inherited home?”

Great question. There are a few things you should know in order to answer the question…

Is There A Holding Period Before Selling My Inherited Home

Probate Versus Inheritance

In general, an inherited property is what you get when someone passes away and leaves you their property. Probate is a stage along the way – it’s the step of proving the will and making sure that the right heir gets the right inherited property.

Therefore, if someone leaves you a home and the house is in probate, you might not be able to sell it right away because the will is still being proved and there could be other heirs contesting the will.

However, if probate is complete and you fully own the inherited house, then you can likely sell without waiting.

There Is A Holding Period (But Not What You Think)

There is a holding period with inherited homes but the holding period doesn’t mean you can’t sell… it’s simply a term used to describe how you will be taxed on the property – and it depends on when the deceased passed away.

However, in most cases, this won’t prevent you from selling the property but you should talk to an accountant to see if the holding period will impact how much tax you pay.

There May Be Other Factors

While there isn’t likely going to be a holding period on the inherited house itself that will prevent you from selling it, you should be aware that there could be other holding periods that will make it more challenging to sell – such as if the house still has a mortgage or some other obligation. But in many cases, these can be sorted out and, in the long-term, shouldn’t keep you from selling.

So, if you inherited a house and are now thinking about selling it, and if you’re wondering, “Is there a holding period before selling my inherited home?” then here’s the good news: You probably don’t have to wait to sell and you can get that process going right away. However, be aware that there could be other factors that may delay the sale, or that could impact the tax you’ll have to pay when you sell.

Here’s a fast solution for you: If you want to sell your inherited house as quickly as possible, give us a call! We’ll give you a fair, fast all-cash offer to buy your inherited house as-is.

Ready to sell fast in Indianapolis? We’re ready to make you an offer right away. Just click this link and fill out the form or call our office at (317) 526-4712.

4 No Stress Tricks for Preparing to Sell an Inherited Property in Indianapolis

Chris

Thinking about selling your inherited house? In this blog post, you’ll read about the 4 no stress tricks for preparing to sell an inherited property in Indianapolis so you can sell it easily, with no hassle.

Selling a house can be frustrating, time-consuming, and even expensive.

And if it’s an inherited house, it can be even worse!

So if you want to sell your inherited property without all the hassle, here are 4 no stress tricks for preparing to sell an inherited property in Indianapolis…

No Stress Trick #1 Plan Ahead

Most people who sell a house just decide to sell without thinking through what that looks like.

  • Do you have a budget for the ongoing expenses and any repairs needed?
  • What if repairs take a long time?
  • What if the listing takes a long time?
  • What contingencies do you have if the real estate agent can’t find a buyer?

It’s stressful if you have to decide these things as they come up but if you’ve already thought about them, you’ll eliminate a lot of stress.

No Stress Trick #2 Be Informed

Do you know what the process is to sell? Do you know how long it will take? Do you know how much it will cost you? Is it even a good time to sell? Who is buying right now? Do some research ahead of time and ask these questions to get informed about selling.

The more information you have, the better.

No Stress Trick #3 Get Consensus

Preparing to Sell an Inherited PropertyIf multiple heirs own the inherited property, you’ll want to gather your research and then talk to each heir to get a consensus.

Nothing is worse than starting the listing process and trying to sell your property only to be stopped in your tracks by an heir who wants to go in a different direction with the property.

No Stress Trick #4 Work With A House Buyer

Actually, you can skip a lot of the legwork and hassle by selling directly to a house buyer. A house buying company (like what we do here at Chris Buys Homes in Indianapolis) is the simplest, fastest way to put cash in your pocket because they often buy houses fast, for cash, and in as-is condition… and are experts at dealing with any of the challenges with titles, liens, multiple heirs, etc.

So one call to a company like ours is the best no-stress trick!

Summary

These 4 no stress tricks for preparing to sell an inherited property in Indianapolis will help you finally deal with that inherited property without the hassle and stress!

Want to sell your inherited house with NO STRESS??? Click here now and fill out the form or call our office at (317) 526-4712.

Inherited Property Sale: 3 Financial Options in Indianapolis

Chris

If you’ve inherited a property and you’re thinking about selling it, you might have more options than you realize. Read this blog post to find out the 3 financial options you can pursue when selling an inherited property in Indianapolis…

When a loved one passes and leaves you with a property, it might be a meaningful gesture but, the truth is, an inherited property isn’t always convenient to own. There are additional bills, expense, maintenance, upkeep, and stress; it can be time-consuming.

So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Indianapolis?

First, Let’s Talk About Selling Through An Agent…

Financial Options You Can Pursue When Selling an Inherited Property IndianapolisThere’s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited property first, then there are closing fees and the hefty agent commission you’ll have to pay afterward. And, this method can take months, so some people don’t like how long it takes.

So, what are the other options?

Second, Let’s Look At The Other Options…

Option #1. Refinance

One option, which is a type of selling, is to refinance the property with a bank and use that money for other things. Although you’ll still own the house, this is a financial option that some people might consider if they are selling in order to get the money.

You can still use the house, or rent it out, and you’ll need to pay back the loan to the bank, but it’s one option to consider.

Option #2. Rent To Own

Another option is to sell the house over the long-term by selling to a tenant. Typically, these are tenants who can’t get a mortgage but want to own a house – so they’ll pay you rent and over time they’ll be able to buy the house (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up to purchase the house with a mortgage.)

Option #3. Sell Fast For Cash

One little-known option that owners of inherited properties might enjoy is the ability to sell the house fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a house-buying company (like what we do here at Chris Buys Homes in Indianapolis) and they’ll often buy your house as-is for cash, usually in as little as a few days. It’s fast, simple, and doesn’t require any work.

There you have it! 3 financial options you can pursue when selling an inherited property in Indianapolis!

Thinking about selling your inherited property fast for cash? We can help! Click here now and fill out the form our call our office at (317) 526-4712.

How To Price Your Inherited Home In Indianapolis For Sale

Chris

If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Indianapolis for sale…

Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can also (quite frankly) be a costly burden. So selling it makes sense and allows you to use the gifted equity for some other purpose. But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while. So here’s how to price your inherited home in Indianapolis for sale…

Tip #1: Price Quick To Sell

Some people price their inherited property at an amount they think the market might pay for the house. However, there are many factors that go into this price and one of the biggest considerations is: how fast do you want to sell? Selling through an agent “on the market” can take months, and you’ll have to pay for the house and maintain the property the entire time. That can be costly and can eat into the higher price.

Many property owners quickly learn that they’re almost better off to price slightly lower for a faster sale… they might get less for the house but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that might turn out to be a total wash.

Tip #2: Avoid Pricing Based On Fond Memories Or Emotion

One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.)

A better approach would be to work with a real estate company and find out what they can offer you, and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!

Tip #3: Build In Discounts For Repairs

If you inherited the property from a loved one who had lived in the property for many years then you might find out that the property needs some repairs. You could choose to do this work yourself and then ask for a higher price but why do that when you could save yourself the time and effort (and what you’d have to pay for equipment, supplies, or a contractor) and instead just ask for less and give a “repair discount”. That way you avoid the hassle of the work, and you still come out the same financially.

Summary

An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in Indianapolis for sale.

Why not bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Chris Buys Homes in Indianapolis? Just call us at (317) 526-4712 or click here and enter your information in the form.

Selling Your House While Divorcing in Indianapolis

Chris

If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in Indianapolis…

Divorce can be challenging and emotional. Yet, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in Indianapolis. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.

Houses In Divorce Can Be Complicated

During a divorce, the two parties seek to split their assets in half. For some assets are liquid (such as money), it’s very easy to do. For other assets, including real estate, it’s much harder to do because how do you split a house in half? It’s one asset that derives its value from being whole, and it’s usually a structure built on a plot of land, so it’s not going anywhere.

Since cutting the house down the middle isn’t an option, should one party get it or the other? And maybe in some divorces, one party might be invited to take the house only if they can pay for it (which is a massive expense a time that people rarely want to incur such expenses).

Here’s How To Split The Real Estate Asset

The best way to split the real estate asset is to sell it:

The property itself might have some expenses incurred during the sales process, or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two divorcing parties should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.

The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).

But this begs the question — how do you sell the property?

The Fastest Way To Sell A Divorce House

When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:

  • the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
  • the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
  • the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth

This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.

Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at Chris Buys Homes in Indianapolis). The real estate buying firm will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork.

If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.

Click here to enter your information or call our office at (317) 526-4712 to tell us about your property

 

 

What If My House Won’t Sell During A Divorce in Indianapolis?

Chris

If you’re going through a divorce and you’re trying to sell a house, you might be wondering, “what if my house won’t sell during a divorce in Indianapolis?” That’s a good question to ask so be sure to read this blog post and we’ll share our best answer with you…

What If My House Won't Sell During A Divorce inA divorce can be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. And in all that effort you also need to sell your house so that you can split the value of any equity in the house and put it all behind you. But what if your house doesn’t sell? If you’re going through a divorce and wondering, “what if my house won’t sell during a divorce in Indianapolis?” then here’s what to do…

What Are The Reasons Your House Doesn’t Sell?

Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the buyer to negotiate on the sale of the property.

This Delay Adds To The Problem!

If the house is not selling as quickly as you’d like, this just adds to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorneys fees.

Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money.

Fortunately there’s another option…

Strategy For Divorce Houses: Sell To A House-Buying Company

Here’s an effective strategy for people who are trying to sell their divorce house — instead of listing the house with an agent, sell the house directly to a real estate buying firm like us here at Chris Buys Homes in Indianapolis. As real estate buyers, we may not always be able to pay the market price for a house… but many divorcing people realize that holding out for a higher price can actually be a costly strategy once you factor in the cost of repairing the property, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars).

If you’re wondering, “what if my house won’t sell during a divorce in Indianapolis?” and if you want to sell your house fast, a real estate buying firm like ours is the fastest and simplest choice to get the property out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings.

To learn more about our real estate buying program and how we might be able to help you out in this challenging situation, click here and fill out the short form or give our team a call at (317) 526-4712.

3 Things You Can Do In Indianapolis to Prepare Your Inherited House For The Sale

Chris

If you inherited a property that you intend to sell, make sure you read this blog post all the way through to know the 3 things you can do in Indianapolis to prepare your inherited house for the sale…

Prepare Your Inherited House For The SaleWhen a loved one passes, it can be a difficult time for everyone. And although inheriting a house might seem like a wonderful way for a loved one to pass something of value on to you, it can also be a burden. Houses take a lot of work to maintain, keep clean, and keep up-to-date. If you’re thinking about selling an inherited house, or if you are still exploring your options, here are 3 things you can do in Indianapolis to prepare your inherited house for the sale…

Preparing Your Inherited House For Sale — Tip #1

Perhaps the most important thing to do is to save the memories for yourself. It’s easy to discover that you have many mixed emotions about the property, and that can actually keep people from selling an inherited property. Instead, they just pay to hold onto the property but never really enjoy the property. The best step here is to understand that you are experiencing emotions about the memories and about the person who lived here. The house itself is just the structure.

So if you’re thinking of selling but want to preserve the memories, do something special in the house — take pictures, gather some of the furniture and photographs and other mementos that you will cherish. You’ll have a few things that represent your memories and you’ll still be able to sell the house to keep it from becoming a burden.

Preparing Your Inherited House For Sale — Tip #2

Chances are, you inherited the house from someone who lived there for a while. When this happens, you’ll find out that the person who lived there may have taken very good care of the house but after living in the same house for a while there might be areas of the house that they didn’t use very much, or perhaps areas of the house that they used for storage. The best way to help your inherited house sell is to clear the house out, clean it up thoroughly, and present a beautiful empty house to buyers.

Preparing Your Inherited House For Sale — Tip #3

Last, you should think about giving your house a paint job. If you inherited the house from someone who lived in it a while, they may have cared for the house but the wall colors may have faded. A paint job is affordable for you and it’s an easy way to help a house feel fresh and lived-in, even if you choose not to make any other updates or renovations to the house.

Summary

When your loved one passed the house on to you, they did so because they wanted to give you this gift. But selling the inherited house may make the most sense. So you’ve just read 3 things you can do in Indianapolis to prepare your inherited house for the sale.

Wondering how to sell your house quickly and easily without any hassle or dealing with an agent? That’s where we can help. We are professional house buyers and we’ll make you a no-obligation cash offer for your house. Click here to enter your information or call our office at (317) 526-4712 to learn more.