{"id":49,"date":"2019-06-11T12:06:58","date_gmt":"2019-06-11T12:06:58","guid":{"rendered":"https:\/\/sellhousefastlosangelesca.com\/?page_id=49"},"modified":"2020-01-14T03:22:23","modified_gmt":"2020-01-14T03:22:23","slug":"inheritance","status":"publish","type":"page","link":"https:\/\/sellhousefastlosangelesca.com\/inheritance\/","title":{"rendered":"Sell Inherited Real Estate Property After Parents\u2019 Death Fast in Los Angeles, CA"},"content":{"rendered":"
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Selling a house left to you in a will is not the same as selling a primary residence. Inherited homes have additional legal and financial considerations, which complicate the process.<\/p>\n
Understand what you face when selling an inherited home. The more informed you become, the better the results you will experience. Unexpected indebtedness may encumber the house. It may be in a state of disrepair. And if you have any siblings, disagreement among the heirs can delay the sale.<\/p>\n
You are not dealing only with the sale of the house. The property may have financial obligations against it. You will probably not be aware of those obligations unless you took care of the deceased person’s personal finances.<\/p>\n
In addition to an outstanding mortgage, the house could have been used as collateral for secondary loans. A tax lien could have been attached to the house because of overdue property taxes. Creditors, trying to collect for unpaid bills, may have the property tied up in court. Any number of financial considerations could delay the sale of the home.<\/p>\n
Inherited homes frequently need a lot of maintenance. Getting your mother’s house ready to sell, for example, can reveal maintenance issues that have been neglected for years. The repairs necessary to correct these issues can be both costly and time-consuming.<\/p>\n
It’s hard to find a buyer who is willing to take on costly repairs, such as water damage or structural cracks. You must decide what, if any, repairs you are going to make.<\/p>\n
If you share the inheritance of a property with siblings, additional difficulties can arise. The siblings might disagree on the selling price of the family home\u2014or if the house should even be sold. These difficulties may cause your house to stay in probate for a long time while you are paying extra for your attorney\u2019s time while trying to come to an agreement with everyone.<\/p>\n
The hassle of selling an inherited house can be avoided by selling it to a real estate investor. Investors make it easy and convenient to sell a home\u2014whether the property goes through probate or the title is transferred in another way.<\/p>\n