Inherited Homes

We all know that selling an inherited home in Charlotte NC is very difficult. This is due to several reasons. There is the emotional aspect of getting a loved one’s home ready to sell – this can include clearing out all of their old belongings and remembering past memories you have had in this home. There is the financial burden of making the necessary repairs to the home in order to sell for full market value. We also have to consider the possibilities of additional liens or past due payments the owner may have had. There is no doubt that selling an inherited home in Charlotte NC can be very hard. This process can cost you & your family a lot of money and time. As we know during this process, family members may drag their feet because it is difficult to let go of the home.

If no one in the family is familiar with an inherited home sale, there are people you can contact for help. You can contact a local agent in your area, you will need to contact a local attorney for legal help and you can contact a local Real Estate Solutions Firm to give you a cash offer on your home.

First you will need to learn about the market and verify ownership of the property. This is where having a good local real estate attorney who has dealt with these situations can help. Next, you will want to connect with a local tax attorney to see what type of tax implications will result from the sale. When you are in contact with these professionals, you should see if there are any liens on the property or unforeseen past due payments that need to be paid.

If the home is underwater or (you owe more than the house is worth), the new owners have the option of not accepting the home. They can allow the home to go into foreclosure and not deal with it. If you are considering this option with your inherited home in Charlotte NC, you should speak with your attorney about disclaiming it.

Get in touch with a local real estate agent. There is no need to sign a contract with this agent right away, but you do want to get a feel for what you may be able to sell your home for without making all of the repairs that are needed to sell for full market value. The agent can also explain to you what repairs are needed and where you should decide to spend your money. In these types of situations, financially it is best to try and do the minimum amount of repairs in order to find a buyer.

If your inherited home in Charlotte NC is in really bad shape, then your best option may be to contact a Real Estate Solutions Firm. These firms, will purchase your home in cash and buy your property as is.

If the market you are in is very hot, you could also consider renting the property out. There are several different options when it comes to an inherited house in Charlotte NC. Just make sure that you consider all of them and make the best decision for you and your family.

The process of selling an inherited home in Charlotte NC is very emotional, from the sorting of the valuables to the memories. Try and except this process is going to be tough and work with professionals who understand your situation. Try to establish expectations early on in the process, so when buyers bid on the house you have a better understanding of their offerings.