Inherited & Vacant
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Inherit a home or own a vacant property? We can help.
Owning a home comes with all kinds of emotions, the good times, the bad, and everything in between. If you own a property but are no longer living in the home, there are a lot of things you are responsible for that can cause you stress. Whether you moved out on your own terms and just haven’t sold yet, renters moved out and you no longer want to be a landlord, maybe the home was damaged in a fire or storm and you were forced out, or maybe you inherited the home from a loved one. All of these situations leave you with an empty property that may be costing you in the long run and now may be the right time to sell.
Vacant properties are expensive
If you own a home that nobody is living in and the home still has a mortgage, you receive a mortgage statement every month and are probably aware of all the costs. But if the mortgage has been paid off, you might assume there are no costs. However, the truth is that even a vacant house can be costly. Some of the expenses you have to pay include maintenance, utilities, homeowner’s insurance, and property taxes. In addition, a home without upkeep may deteriorate and lose its value over time. This means you’re losing on both ends – paying out of pocket to keep the property while it may also be losing value. If you feel that your vacant property is taking up too much of your cashflow and isn’t serving you, you may want to sell it.
The home has been damaged in a fire or severe storm
When we least expect it, life hits us with curveballs. One of the most traumatic things you may have to endure is having your home destroyed in a fire or damaged in a storm. This is a very emotional time for you as your things have been ruined but hopefully your family safe. If the damage is severe, than the home is likely unlivable and may take weeks or months to repair. You are required to have homeowner’s insurance and this will likely cover all the necessary expenses, but maybe the damage has been done and you’re ready to move on and live somewhere else.
If you’re in this situation and are ready to start the next chapter in your life and create fresh memories away from the stress and trauma you faced, we can help you sell your home quickly and move on. We will discuss in great detail how we can help and all of your options, which will include us working directly with your insurance company to ensure everything is taken care of.
Inheriting a home comes with mixed emotions. You are probably dealing with the stress and pain of losing a loved one, and at the same time, you are faced with the arduous task of handling someone’s estate. Even with all these problems in the picture, an inheritance is an asset that can serve you. However, you may have to make difficult decisions such as selling if the property no longer serves you. Below, we discuss some of the reasons why you may have to sell an inherited property.
Inherited Homes are Usually Outdated
Homes are mostly inherited after the death of a loved one. If they were living in it up until the point of death, they may not have been able to maintain it like they once could. The likelihood is the relative also owned the home for many years that may have been built decades ago and is possibly outdated to today’s standards. If you are the beneficiary, you will be responsible for this home in its condition. You may choose to repair the home which may cost you thousands or tens of thousands of dollars for complex repairs.
Instead, you can sell the inherited house to a seasoned professional homebuyer like Community Home Buyers who can save you from having to make those costly repairs. We will evaluate the home and make a fair cash offer considering the cost and time needed for repairs. You can have as much time as you need, you can keep any of your loved one’s belongings and we can take care of the rest.
Need help selling your vacant or inherited home?
Give our team a call anytime, one of our co-founders is happy to discuss options for your home.
Use the money from the sale to cover expenses
After the death of a loved one, you may be left with their bills and debts in addition to funeral costs. If you can’t afford to pay those out-of-pocket, then it may be a good idea to sell the property to help you settle the financial expenses you were left with. This will alleviate some of the stress as at least you will know that financial burden is covered and you can move forward and have time to mourn their passing and celebrate their life.
Selling the inherited home can give you a fresh start
When a loved one dies, you are filled with grief, and you need sufficient time to mourn. However, it may be difficult to grieve and move on from this tough situation if you do not let go of the things that bind you to the deceased. While the inheritance was probably a show of love by your family, you may want to let go of the inherited home to move past a hard time in your life. Choosing to sell the house in such a situation may be one of the best decisions you can make.
- Whatever your reasoning for selling, we are here to help.
- We’ll get you a free evaluation and present you with options that are available to your situation.
- We can give you as much or as little time as you need to sell.
- We can buy your home in any condition
- We will take care of all the legal fees and expenses related to closing.
Give Community Home Buyers a call and we’re happy to discuss how we can help you move on and sell your home.