The guys were great , they explained every thing to me . How everything thing would be taken care of by them and let me stay in the house until I fini…
Receiving an inherited property often comes after the difficult loss of a loved one. It may be a home full of happy memories or an extra piece of property your family member owned. In any case, once the property comes into your possession, the first question is: What should you do with it?
We at Virginia Cash Real Estate have helped many individuals and families sell their inherited properties. As cash buyers, we aim to make the process as simple and quick as possible, while also giving you space to grieve and feel supported at every step.
There are many ins and outs to selling inherited property, as well as several key benefits. Below, we go over everything you need to know:
Before diving into the complex topic of selling an inherited house, let’s go over how the sales process works at VA Cash Real Estate:
Once you contact us and provide some initial details about the property you’ve inherited, we’ll investigate its condition and assess its value. We calculate your property’s price based on the fair market value of homes similar in size, condition, and location.
Within 24 hours, we’ll send you our initial cash offer, and you can tell us whether or not you’re interested in going further in the sales process.
After you accept our initial price, we often examine the inherited house, focusing on its physical condition. An important thing to note about us is that VA Cash Real Estate purchases homes as-is. So, don’t worry about repairs or clutter — our team isn’t afraid to get our hands a little dirty.
We’ll inspect the property for issues like water damage, outdated electrical systems, black mold, and more. Once we get an idea of the inherited property’s actual state, we’ll then offer a final sale price.
At this point, we remind you that there’s no obligation to accept our offer. If the price doesn’t feel right, you can decline at any point in the process.
The last step for you is to accept our final price. Of course, as experienced inherited property buyers, we know this step can be a bit complicated. At times, more than one heir inherits the property, which means all property owners must agree to the sale.
If that’s the case for your sale, no worries. We’ll be patient as you and your family or partners discuss things. If you all decide to sell, we’re ready to handle the necessary paperwork. All that’s left is for you to fill everything out and choose your closing date.
After the sale has been closed, you and your family can focus on grieving and finding a path forward. We’ll handle the rest of the process and keep you up-to-date on anything you need to know.
We treat every client like a close friend. That means we’ll often keep in touch to see how you’re doing. At Virginia Cash Real Estate, we want to help you move on in the most seamless way possible. Unlike working with a real estate agent, we won’t drag you through a lengthy sales process.
When you’re grieving the loss of a loved one, the last thing you need is more hassle, but selling inherited property can come with a few. Here are some to keep in mind:
There are many cases where family members’ wills or trusts name multiple beneficiaries for a single piece of property. This can create some tension, as more than one property owner also means more than one opinion about selling it. So, before you even discuss selling inherited property with a real estate agent or our home buyers in Hampton Roads, VA, make sure that all owners agree on the sale in the first place.
Probate is the legal process of handling a person’s estate after they have passed away. It ensures a person’s will is real (if they had one made), their debts and taxes are all paid, and their assets go to the correct people, whether friends or family members.
Generally, you won’t be able to sell any property until everything has been settled in probate court. This can take several months or even longer if the estate is large and complex.
Another element to consider before selling an inherited house is whether or not the property has an unpaid mortgage. Here’s what to expect in each case:
Of course, there may be additional considerations, such as local housing laws and other taxes like the federal estate tax. We recommend talking to a tax professional before selling your property, just to be sure everything is settled.
For an easy estate sale process, consider working with reliable cash home buyers in Chesapeake, VA, at Virginia Cash Real Estate. You’ll be selling directly to us, meaning no extra steps or lengthy decision-making. We get started right away and make sure your sale closes within 14 days.
Interested? Talk to a representative and give us all the details of your property today.
The guys were great , they explained every thing to me . How everything thing would be taken care of by them and let me stay in the house until I fini…
We highly recommend Virginia Cash Real Estate for selling the house we inherited from our brother that passed away. These gentlemen were very patient…
Ben & Matt at VA Cash Real Estate thank you from the bottom of my heart. You guys are amazing. My house needed a lot of work. You made the process str…
No Need for Expensive Repairs, Junk Removal, or Cleaning.
Virginia Cash Real Estate is one of the best real estate solution companies that work with homeowners all over Virginia Beach to sell their homes quickly and in an as-is state.
For a fast, simple, and cost-effective way to sell your Hampton Roads property, working with a “we buy houses” company like Integrity Cash Home Buyers may be the best choice for your family.