Thinking about selling your inherited house? In this article, you’ll read about the 4 no stress tricks for preparing to sell an inherited property in Wichita Falls so you can sell it easily, with no hassle.
Selling a house can be frustrating, time-consuming, and even expensive.
And if it’s an inherited house, it can be even worse!
So if you want to sell your inherited property without all the hassle, here are 4 no stress tricks for preparing to sell an inherited property in Wichita Falls…
No Stress Trick #1 Plan Ahead
Most people who sell a house just decide to sell without thinking through what that looks like.
- Do you have a budget for the ongoing expenses and any repairs needed? Think about paying for utilities, lawn care, and general maintenance.
- What if repairs take a long time? Have you lined up multiple contractors to give you bids on any necessary repairs? Be sure to get firm timelines from each contractor. If they give general answers like “ASAP” or “very soon,” then dig deeper to ask what that actually means.
- What if the listing takes a long time? Properties listed for sale can sit on the market for quite a while until an interested buyer surfaces with an offer. Then the process of getting to closing can be delayed if the buyer isn’t pre-approved to make a purchase of this amount.
- What contingencies do you have if the real estate agent can’t find a buyer?
It’s stressful if you have to decide these things as they come up, but if you’ve already thought about them, you’ll eliminate a lot of stress.
No Stress Trick #2 Be Informed
Do you know what the process is to sell? Do you know how long it will take? Do you know how much it will cost you? Is it even a good time to sell? Who is buying right now? What about probate? Does the estate of the deceased need to go through the probate process? Have you hired a probate attorney to review the estate and offer advice to you and any other heirs? Do some research ahead of time and ask these questions to get informed about selling.
The more information you have, the better.
No Stress Trick #3 Get Consensus
If multiple heirs own the inherited property, you’ll want to gather your research and then talk to each heir to get a consensus. If possible, sit down face to face with the other heirs – perhaps over a meal – and discuss the options to move forward. The goal is for everyone to agree on a plan going forward.
Nothing is worse than starting the listing process and trying to sell your property only to be stopped in your tracks by an heir who wants to go in a different direction with the property.
No Stress Trick #4 Work With A House Buyer
Actually, you can skip a lot of the legwork and hassle by selling directly to a house buyer. A house-buying company (like what we do here at TruTex Properties) is the simplest, fastest way to put cash in your pocket because they often buy houses fast, for cash, and in as-is condition… and are experts at dealing with any of the challenges with titles, liens, multiple heirs, etc.
So one call to a company like ours is the best no-stress trick!
Summary
These 4 no stress tricks for preparing to sell an inherited property in Wichita Falls will help you finally deal with that inherited property without the hassle and stress!