If you’re wondering how to sell inherited property in Virginia, we’re here to help. We’ve written this quick guide that will go over the main points and what you must do in order to get your property off the market. Whether you just inherited this house, or you’ve decided the time is right – there’s a few key steps you should take to get it sold. Keep reading!
How to Sell an Inherited Property in Virginia
Make Sure All the Paperwork is Done
As you well know, inheriting property comes with a mountain of paperwork and red tape. It seems like there are endless forms to sign, waivers to agree to, and contracts to initial.
However, it’s vitally important that you have every bit of this done before you even begin the selling process for your inherited property. In our decades of experience in real estate, we’ve worked with more than a few folks who had to abandon a sale at the last second because of incomplete or disputed paperwork. Don’t let that be the case with your property.
Additionally, if there are claims or liens against the property you’ll need to resolve those fully before moving on to the next step.
Get Both the Home Itself, and Your House, in Order
Once you’ve cleared up all the paperwork and are the undisputed owner or decision-maker for the property, you should make sure that the house is ready to sell.
Depending on the method you choose to sell your inherited property, and the state it is in, this step can either be one of the biggest fixer-upper projects of your life, or not be worth a second thought. A pristinely kept home won’t need much, or any work. A dilapidated or even condemned home will need countless hours of it – unless you choose the fast cash offer method of selling (more on that below.)
Regardless of the state of the property, you’ll want to make sure your family and loved ones are in agreement that you should sell the home. Depending on how the inheritance was disbursed, they might or might not have a legal say in it – but trust us: it’s always better to get everyone’s blessing, if you can.
Decide What Method You Will Use to Sell the Inherited House
With the paperwork, the house, and the people all squared away – you’re ready to sell. Now you must choose which method – Traditional or Cash Offer.
Traditional
You’ve likely been through this before, so we’ll try to keep this part short! The traditional method for selling an inherited property is to either work with a realtor or sell it yourself. You’ll need to get the property into sellable shape, put it on the market, and then hope for the best. With interest rates the way they are and home demand plummeting as a result, the inherited house may sit on the market for months on end. When it sells, you’ll need to pay out everyone that participated in the process.
Cash Offer
A cash offer is a MUCH simpler method for selling an inherited property. We can’t speak to the process for other companies, but we’ll buy your home, FAST, for cash, via the WeBuyHouses.com CASH Program. Here’s how it works!
The WeBuyHouses.com CASH Program
Our CASH program is 3 easy steps:
Step 1: Get in touch with the team at WeBuyHouses.com Virginia
Step 2: Receive Our Offer
Step 3: Accept Our Offer
The Fastest and Easiest Way to Sell Your Inherited Property is with WeBuyhouses.com Virginia
Selling an inherited property can be tricky for many reasons. However, if you follow the steps above, you’ll be able to do it. The question just becomes whether you want to follow the arduous traditional process or get cash in hand, fast.
If you decide that you’re interested in the latter – we’re here to help. Get the WeBuyHouses.com CASH Program started by completing any of the forms on our site. You can also reach us by phone at 540-202-2004.
