Whether the house belonged to your deceased parents or Uncle Morty, dealing with inherited real estate can be both emotionally and financially complicated. Here are some things to consider when you inherit a house:
1. The neighborhood going rate. If the home is in really bad shape, consider marketing it to an investor, who is looking to buy a property “as-is” and flip it. Rather than spending thousands on update and repair after you inherit the home, investors are willing buy your house without the need of rehab, which could cost tens of thousands of dollars.
2. Condition of the home. If the previous owner had the house for a long time, it will likely require moderate to extensive repairs to bring it up to current aesthetic and safety standards.
3. Cost of a REALTOR®. Consider whether it makes sense to shell out cash for a realtor, or if you feel confident selling the home yourself. Typically, it will cost 6% of the sales price (3% for the listing agent, and 3% for the buyer’s agent). Also, there are closing costs, appraisal costs, surveys, and buyer’s closing costs.
If you have a home you have inherited and you don’t know what to do, call us! We can buy your house fast in Texas! Markette Properties presents an unique, simple approach for selling your home! We are real estate investors. We buy houses in Texas just like yours! We are dedicated to the highest professional real estate standards for all of our clients.
Do you want to sell your house fast in Texas for top dollar with the least hassle? Give us a call! (210) 853-2788 or click the button below.