How To Sell Parents’ House in Boise, Idaho
If you recently inherited a home from your parents, you might be feeling stressed and overwhelmed. What do you do with it? If you want to relocate, inheriting the home might be just what you needed.
However, if you aren’t looking to move, you’ll need to consider selling the home in order to avoid an extra monthly payment and expensive upkeep. While this can seem like a huge inconvenience, it doesn’t have to be. You can learn how to sell a home fast even when it’s been inherited. Here are some tips to help you
Find A Real Estate Agent or Sell to an Investor
It can be very tempting to try to save money on agent fees by selling the house yourself. A word of advice – don’t! Want to know the biggest tip for how to sell a home fast, even when it’s been inherited? It’s finding a reliable, responsible real estate professional, whether Agent or Investor, with experience dealing in inherited homes.
It’s the classic time vs. money. If you’re looking to get as much money as possible out of the sale and are willing to invest capital into the house to get it ready to be sold at top dollar, then going with a real estate agent is going to be your best option. It is an industry standard that most homes listed with an agent sell for 5-10% more than for sale by owner.
If you don’t have the capital to put into the home, the time to do the repairs, manage sub contractors doing the work, and you want the home to be sold in the shortest amount of time, freeing you up to live your life without the burden of the property, then working with an inherited home investor is your best option.
Time is our greatest asset and we all have a limited amount of it. If repairing the home for sale is just not your thing, you can work with an investor who will give you an all cash offer with a short closing period, allowing you to be on your way and done with the problem.
Trying to sell your parents house is frustrating and emotionally challenging enough as it is, so putting it in the hands of a professional ensures that you have time to focus on the things that matter – your family, friends, and career.
Preparing the Home
So, the time has come to sell your parents house. In order to have a smooth selling process, you want to clear out the home first. The home will likely have a lot of furniture and other belongings still inside. Clearing them out can be a difficult and emotional process, but it will ensure you can get rid of the financial obligations to the home quicker! Decide what you want to keep, then consider holding a yard or estate sale for the rest. This is the easiest way to clear the home for sale. Do make sure that you know who is the legal executor of the estate, and ensure every heir receives their fair share of the profits from the estate sale. This brings us to our next tip.
Here is a link on how much it costs to sell a home on the market.
Consult With A Lawyer
It’s likely that your parents left the home and their belongings to several heirs. It’s important to ensure you and your siblings are all on the same page when it’s time to sell inherited house. Even if you trust your brothers and sisters completely, it’s best to have a lawyer involved just in case. Inheritance is a messy, complicated process, and there are many legal factors to consider. Having a lawyer who is experienced in dealing with will execution ensures you and your family can take time to focus on each other and the grieving process, instead of selling your parents’ home.
Inheriting the home of your parents can seem like both a blessing and curse – it gives you some extra work to do, but it can provide a financial windfall for you and your family. Using these tips, you can hopefully make the process of selling your inherited home much easier. Instead of added stress, you can find yourself dealing with an emotionally complicated and uncomfortable situation in the easiest way possible!
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
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.