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Quick Sale of My Inherited House

Posted Tuesday, May 12, 2015

Now that you've inherited a house, either from a will or as a gift, deciding to sell or keep the property is the next step. If the option is to quickly sell it, what should you do if the question that comes to mind is, how do I sell my house fast? In today's real estate market, selling a house brings about many challenges and with a housing market crowded with foreclosures, repossession, etc., the process becomes slow and lengthy. Discussed in the followings are several ways to help with selecting the method that is best fitted for you to sell your inherited property.

Owner Sale

The option to sell a house yourself can save monies that would otherwise pay a realtor, but prepare for the challenges that will arise. Aside from dealing with successions, appraisals, and setting selling prices, other concerns include repairs, staging, and marketing. Ads placed in the local newspapers, along with buying "for sale" signs to put in the neighborhood, and scheduling open house for interested buyers to come and look at the property are top-priority. You need flexible time to oversee these tasks completed in a suitable and timely manner to sell the property.

Realtor

If the seller has budgeted funds to hire a realtor, then this choice relieves them from a great deal of work. When hiring or listing with a real estate agent, the seller in return gets help in setting value on the property, advertisement, scheduling showings, negotiating contracts, and organizing selling and closing process. The property has more exposure to the market when working with a realtor.

Real Estate Investor

Hiring a real estate investor is a way to get a quick sale on the property. You don't have to worry about paying a commission. They assess your house, make a cash offer, then buy "as is", requiring no repairs or renovation, with a timeline of no more than 30 days.

Auction

Selling a house through auction is quick and effective, usually less than an hour, with closing no more than 45 days. The property sells on the market under "as is" condition and usually viewed a couple of hours before selling.

One may ask are there other things to think about to help sell my house fast? Yes. Without a quick sale the property stays on the market longer, resulting in added expenses such as utilities, taxes, maintenance upkeep and insurance.