Sell Your House Without a Realtor In Boise, Idaho

How To Sell Inherited House in Boise, Idaho, Sell My House Fast For Cash

How To Sell Inherited House in Boise, Idaho, Sell My House Fast For Cash

If you have recently inherited a house due to a loved one’s death, you may be uncertain about how to proceed. Inheriting a house can be a complicated and emotional proposition, but you generally have three options for what to do next:

Move into it. Rent it out. Sell it.

In many cases, it makes the most sense to sell an inherited house. Certainly, it can be difficult to think about the process to sell your parents house, but moving into it is no easy feat, either.

For one thing, if you have inherited the house along with siblings, you must decide who gets to live in the house and who has to stay where they are. Plus, the house you’re inheriting may not be cheap to own. You’ll need to consider the costs of homeowners’ insurance, property taxes, and other expenses. Finally, the house you inherit may not really work for you. It may be in an undesirable location or have features that don’t fit your family.

Although the thought of letting go of a sentimental family home can be difficult, moving into a house just because your parents owned it doesn’t always make sense. On the other hand, renting out the house brings its own set of issues. Being a landlord isn’t always easy, and can, in fact, be very time-consuming and expensive.

If you sell an inherited house, however, you can enjoy several benefits. First, you reap the proceeds of the sale right away. This can be critical if, for example, you and your family need the cash to pay off funeral or other expenses related to your loved one’s death.


Second, if you sell, you won’t have to pay federal capital gains taxes on the increase in the property’s value over time. If you inherit a house in Idaho, you also won’t have to pay state taxes, as the Idaho estate tax expired in 2005.

One easy way to sell your parents home is to have an investor buy it. That way, you can sell it “as-is,” without having to make costly repairs, and you can quickly get rid of the headache of a second home. That means not having to make monthly payments on a second home and not having to worry about whether someone will buy it.

When you sell a parents house to an investor, you can have the satisfaction of knowing you’ve made a quick and easy sale, allowing you to reap the benefits primarily of time – the only thing we all have a limit of and can’t get back.


Northwest Home Buyers - Idaho

 

If you find yourself facing foreclosure and unable to find tenants or maybe just inherited a home, in any case, we can help you sell your home in Boise in 7-10 days. If you’re thinking of selling and are exploring your options, consider selling directly to us.

Call our team at (208) 214-3365 

Fill out our quick home seller information form.

If you don’t want to go through the hassle and headache of selling to the market, then we might be able to help. We’ll give you a quick call once we find out a bit more about your property in Idaho, and make you an offer on your home the same day.


Sources:

https://tax.idaho.gov/i-1101.cfm

http://www.hsh.com/finance/real-estate/5-things-you-didnt-know-about-inheriting-a-house.html

http://www.forbes.com/sites/nextavenue/2014/10/14/what-to-do-when-you-inherit-your-parents-house/#c3286b32bbab

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