According to the Joint Center for Housing Studies at Harvard University, an estimated 2.3 million Americans inherit real estate each year. While it can be a way to receive a valuable asset, dealing with an inherited property can be emotionally challenging and logistically complex. There are times when selling your inherited property is better than keeping it.

The traditional route of selling through a realtor often involves a lengthy process with showings, inspections, and negotiations. This can be particularly stressful for inheritors who may not live near the property or have multiple heirs to consider.

Selling your inherited property to cash buyers can simplify the process

Cash buyers offer a compelling alternative to the traditional real estate market. Here’s how cash buyers can significantly simplify the process of selling your inherited property:

  • Speed and Certainty:  According to a study by the National Association of Realtors (NAR), the average time to close on a traditional home sale is 73 days. Cash buyers, on the other hand, prioritize fast closings, often within a timeframe of 2-4 weeks. This is a significant advantage, especially if you need to settle outstanding debts associated with the estate or distribute proceeds among heirs quickly.
  • Reduced Hassle and Burden: A significant benefit of selling to a cash buyer is the ability to sell the property “as-is.” This eliminates the need for repairs or renovations that can delay a traditional sale and add considerable financial strain.  You won’t have to worry about decluttering, staging the property for showings, or dealing with the disruption of open houses.
  • Competitive Offers: Reputable cash buyers conduct thorough market research to ensure their offers are fair and competitive. While they may not always offer the absolute top dollar a fully renovated property on the open market could fetch, their offers are typically within 70-80% of market value. This provides peace of mind, knowing you’re receiving a reasonable price without the stress and uncertainty of negotiations.
  • Financial Relief: Inherited properties often come with ongoing costs like property taxes, utilities, and maintenance. Selling to a cash buyer frees you from these financial burdens, allowing you to focus on your emotional well-being during a difficult time. This can be particularly helpful if the property is located far away or requires significant upkeep.
  • Streamlined Probate:  According to a study by the American Bar Association, probate, the legal process of settling an estate, can take anywhere from six months to two years, depending on the complexity of the estate. Cash buyers with experience in handling inherited properties can navigate some of the complexities of probate, simplifying the legal aspects of the sale, especially for properties with multiple heirs.
  • Finding Reputable Cash Buyers:  Not all cash buyers are created equal.  When considering this route,  research their reputation and experience handling inherited properties. Look for companies with transparent communication, clear processes, and a history of offering fair prices.  Reading online reviews and checking with the Better Business Bureau can be helpful in vetting potential buyers.
  • Making the Informed Decision: Selling to a cash buyer may not always net the absolute highest price compared to a traditional sale. However, the convenience, speed, and reduced stress can be invaluable, especially during a period of grief and emotional adjustment.  Consider your individual circumstances and priorities when making this decision.

Sell your inherited property to a reputable cash buyer

Inheriting a property can be a complex process, both emotionally and logistically. Cash buyers offer a streamlined and stress-free solution for selling your inherited property. They can provide a quick and certain sale, eliminate the burden of repairs and ongoing costs, and potentially simplify the probate process.  

While the top dollar offered may be slightly lower than the traditional market, the convenience and peace of mind can be invaluable during a challenging time.

This is where a reliable cash buyer like us comes in. We offer a win-win solution for homeowners facing foreclosure, a burdensome property, probate, or any other challenge. Our goal is to get you out of a tough spot so you can focus on what matters.

We’re a local Cincinnati company, family-owned, and dedicated to helping homeowners. The Painter twins, trusted Cincinnati residents for over 22 years, have bought over 1,000 houses. They believe in honesty and giving back to the community.  Need to sell your house quickly, as-is, and get cash fast?  See why the Cincinnati Property Twins are known for their ethical approach.Ready to learn more? Contact us anytime to discuss how we can help you sell your house quickly and for a fair cash price.