How to Sell Inherited Property Near Lexington, KY
Family heirlooms are often things that we cherish for the rest of our lives. Whether it’s a necklace from your grandmother or a photo album that has been passed down, family treasures hold a special place in our hearts. However, some things that are passed down to us can be a little more stressful than heartwarming. For example, if you suddenly find yourself inheriting an unwanted property, home, or building, the weight of finances, remodels, and HVAC repairs might make you grimace. Fortunately, we offer assistance when it comes to these situations. Read on to discover how to sell an inherited property.
Your ability to sell an inherited property quickly depends on several factors. You may find yourself navigating probate with an estate or you may be able to file for an affidavit of descent to expedite the process. You may find yourself negotiating with well-meaning family members who are not in agreement with how the sale should be handled. This can complicate retail sales and slow down the process if heirs are not in agreement or have liens in their name that become attached to the property. Further trouble can occur if other family members have been occupying the premise or have belongings stored at the property in question. We will work with you to solve these problems in a manner that works for everyone involved. Our real estate attorneys are well versed on what is required and how you may be able to speed through the sale more quickly.
Another stressor of inheriting unwanted properties is that many old homes require some serious renovation to enter the housing market. This is often a pain to those who have inherited the property, as no one wants to put time, money, and effort into a property that you do not want. Unfortunately, selling inherited properties that have dated wiring, roofing, plumbing and HVAC, and dated décor can be difficult. Many realtors tell you to make these renovations prior to listing. All of our home purchases are done “as-is” without you needing to guarantee any features of the home. The agreed upon purchase price is typically not contingent on inspections and we will not ask you to make any repairs like most retail buyers.
There are many things that we love inheriting, such as photo albums, heirlooms, furniture pieces, and more. However, inheriting a home that you cannot maintain is something that no one should have to be stuck with. That is why our team of experts is here to help. If you are interested in learning how to sell inherited properties, be sure to contact or visit us today at Kentucky Real Estate Buyers. We are happy to answer any questions you may have.
We are located in Lexington, Kentucky, and proudly serve Lexington and the surrounding counties, including Bourbon, Clark, Jessamine, Woodford, Scott, Franklin, Jefferson, and Madison. You can contact us today at our Contact Page or give us a call at (859) 648-0035. Our friendly team of experts cannot wait to help you in your journey.