If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Cherry Hill for sale…
Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can oftentime be a costly burden.
So selling it makes sense and allows you to use the gifted equity for some other purpose.
But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while.
So here’s how to price your inherited home in Cherry Hill for sale:
Tip #1: Price Competitively To Sell Quickly
Some people price their inherited property at an amount they think the market might pay for the house.
However, there are many factors that go into this price and one of the biggest considerations is: how fast do you want to sell?
Selling through an agent “on the market” can take months, and you’ll have to pay for the house and maintain the property the entire time.
That can be costly and can eat into the higher price.
Many property owners quickly learn that they’re almost better off to price slightly lower for a faster sale… they might get less for the house but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that might turn out to be a total wash.
Tip #2: Avoid Pricing Based On Fond Memories Or Emotion
One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house.
The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.)
A better approach would be to work with a real estate company and find out what they can offer you, and recognize that the price might be lower than you were expecting…
not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!
Tip #3: Build In Discounts For Repairs
If you inherited the property from a loved one who had lived in the property for many years then you might find out that the property needs some repairs.
You could choose to do this work yourself and then ask for a higher price but why do that when you could save yourself the time and effort (and what you’d have to pay for equipment, supplies, or a contractor) and instead just ask for less and give a “repair discount”.
That way you avoid the hassle of the work, and you still come out the same financially.
Summary
An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone.
But how do you price an inherited house? These tips will guide you on how to price your inherited home in Cherry Hill for sale.
Why not bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Jeff Buys Houses Cash?
Just call us at (856) 281-1157 or click here and enter your information in the form.
Streamlining Your Inherited Property Sale: Why Jeff Buys Houses Cash is the Right Choice
Inheriting a property can be a mixed blessing. While it may represent a cherished memory or a potential asset, it can also come with unexpected responsibilities and logistical challenges.
Traditional real estate sales often require significant time, effort, and financial investment to prepare the property for the market, adding to the emotional burden of the process.
For homeowners facing inherited properties, Jeff Buys Houses Cash offers a compelling alternative: a streamlined and stress-free solution that prioritizes both speed and convenience.
Unique Challenges of Inherited Properties:
- Multiple Heirs: Inherited properties often involve multiple beneficiaries, creating the need for a solution that simplifies the process and ensures a fair outcome for all parties involved.
- Long-Distance Properties: If the inherited property is located far away, managing the sale remotely can be time-consuming and expensive.
- Vacant Properties: Properties that have been vacant for a while may require repairs or renovations to become market-ready, adding to the financial burden.
- Emotional Attachment: An inherited property can hold sentimental value, making the selling process emotionally challenging.
Benefits of Selling to Jeff Buys Houses Cash:
- Fast Cash Offers & Quick Closings: Receive a no-obligation cash offer within days and close on the sale on your terms, often in as little as two weeks. This injects much-needed speed into the process, allowing you to resolve estate matters efficiently.
- “As-Is” Purchases: No need to worry about repairs or cleaning – Jeff Buys Houses Cash buys your inherited property in its current condition. This eliminates the financial burden and emotional toll associated with renovations.
- Transparent & Fair Offers: They use market data and comparable properties to determine a fair cash offer, ensuring you receive a transparent and competitive price upfront.
- Experienced Local Team: Their team of local real estate professionals has the expertise to navigate the complexities of inherited property sales. They handle paperwork, legalities, and communication, minimizing your workload.
- Respectful Approach: Jeff Buys Houses Cash understands the emotional sensitivity of selling an inherited property. They approach the process with empathy and respect, ensuring a dignified and comfortable experience.
Addressing Specific Challenges:
- Multiple Heirs: Jeff Buys Houses Cash provides a single point of contact and a clear cash offer that can be easily divided among heirs, streamlining the decision-making process and ensuring everyone is on the same page.
- Long-Distance Properties: Their local presence allows them to handle the entire sale process remotely, eliminating the need for you to travel back and forth.
- Vacant Properties: By purchasing the property “as-is,” they eliminate the need for costly repairs and renovations, regardless of the property’s condition.
- Emotional Attachment: Their streamlined approach minimizes the amount of time you need to spend dealing with the property, allowing you to focus on processing your emotions and cherishing the memories associated with the inheritance.
Taking Control and Moving Forward:
Selling an inherited property can be a complex and emotional task.
Jeff Buys Houses Cash offers a clear path forward, empowering you to take control of the situation and move forward with peace of mind:
- Resolve Estate Matters: A quick cash sale allows you to resolve outstanding estate matters efficiently and distribute assets among heirs promptly.
- Free Up Capital: The cash offer you receive can provide immediate capital that can be used for various purposes, such as debt consolidation, a down payment on a new home, or simply financial security.
- Reduce Stress and Burden: The traditional real estate process can be stressful and time-consuming. Jeff Buys Houses Cash removes the burdens of showings, repairs, and negotiations, allowing you to focus on more important matters.
Making an Informed Decision
If you’ve inherited a property and are considering your options, Jeff Buys Houses Cash can be a valuable solution.
They offer a unique and efficient approach that caters to the specific needs of inherited property sales.
Contact them today for a free, no-obligation cash offer and see how they can help you turn your inherited property into a positive step forward.
Conclusion
Inheriting a property can be a logistical and emotional hurdle. Jeff Buys Houses Cash cuts through the complexities.
Receive a fast cash offer, avoid unnecessary burdens, and move forward with peace of mind. Contact them today and experience a stress-free solution for your inherited property.