When you inherit a house, you face many decisions, the first of which is whether or not to keep the property. Although, of course, many factors come into play, and this may not be the best time to make such significant financial decisions, yet time waits for no one. It is helpful to have a clear picture of what you should consider when making important decisions about your inheritance, especially if other heirs are involved.
While not necessarily pleasant, it is helpful to go into the process with realistic expectations. Read on to learn more about what to expect if you are trying to decide if you should sell your inherited house in Portland or hold onto it.
Emotional Decisions
It isn’t uncommon for the new owners of inherited property to feel overwhelmed by emotions when visiting the house. Thinking only of the discomfort in the now and unable to bear dealing with the situation, yet overwhelmed by the sentimental weight they hold in the property, it is left to dilapidate over time, losing more value as the house falls into a state of distress. All the while, the costs of ownership continue to fall on their shoulders. The professional investors at Better Off Home Buyers are local and are here to help. You can avoid this scenario altogether because Better Off Home Buyers has an in-house team of professionals from every walk of the real estate industry who can even clean out the property on your behalf.
Long-Term Outlook
Considering the many factors involved in selling a house, there are numerous considerations before selling an inherited home. For example, if you have lived in your parent’s house for some time, then it may be hard to detach yourself from all of their belongings. The memories that these objects evoke should not be ignored when determining what to do with the property.
The decision should also take into consideration other financial constraints such as taxes and insurance costs along with any remaining debt on the home (for example a mortgage). Other long-term considerations include maintenance and repairs needed on the home or even its overall condition that could make it cost-prohibitive to rehabilitate the property.
The Burden
In addition to this, if the home’s location is a great distance from your own, there will be time and money spent traveling to care for the property, and you may need to hire help for routine maintenance and upkeep, such as landscaping. All of this can become a tremendous financial burden. On the other hand, if you sell your inherited house in Portland to a professional buyer like those at Better Off Home Buyers, you can relieve yourself of the stress and worry over carrying the costs of your inheritance.
Look at the Numbers
While your benefactor may have had the best of intentions, it is not always necessarily a financially sound decision to hold onto the house. A professional buyer like those at Better Off Home Buyers will provide you with the details on the profits you’d earn by listing the home on the market. Then we will compare this to the detailed offer from Better Off Home Buyers, which you will agree is fair, so you can decide which is best for yourself.
Sell your inherited house as-is to Better Off Home Buyers for cash – use the money on something you’ll love!
Better Off Home Buyers wants what is best for your situation, so our professional buyers take the time to listen. The experienced buyers at Better Off Home Buyers understand the unique situations that can arise with inheritance and help you overcome any hurdles with your inherited property. We make the process easy, with simple contracts and a guaranteed closing date, usually in a matter of days, Better Off Home Buyers is ready to help you sell your inherited house in Portland. If you need a little more time, Better Off Home Buyers has the flexibility to set the closing up for the most convenient date. Call Better Off Home Buyers at 1-888-827-0889 or send us a message to learn more.