INHERITED PROPERTY
Inherited A House?
Sometimes More Is Way Too Much
If a loved one, most commonly a parent, has passed away and left you their home, you are probably dealing with more than just a new property. Not only is this an additional physical responsibility — it’s also an emotional one. While trying to navigate how to manage this extra house, you are also mourning the loss of a dear family member. This can make simply stepping inside the home a difficult task. If you are not struggling emotionally in this situation, you still must figure out what to do with the home you’ve inherited. At Compass Home Buyers in Tampa, we give you the option to easily and quickly sell any house for cash. Keep reading to discover more information about your options and how a cash home buyer fits into the equation.
What To Do After Inheriting A Home
If you’ve inherited a home and you’re not sure what the next best step is, it can help to see your options laid out in one spot. At Compass Home Buyers, we can buy your house and close quickly if you decide that is best for you. Here are a few paths you may choose:
- Sell the inherited house to a cash home buyer
- Sell the home traditionally with a real estate agent
- Move into the home
- Rent out the home
- Use the home as a secondary residence or vacation home
Sell Your Inherited Property For Cash
If you don’t want to put the time or effort into figuring out other options such as moving into or renting out the inherited house, a great option is selling it to a cash home buyer. This process is fast, easy, and it takes a huge task off your plate. You may be on the fence about keeping the house in your family — after all, a home can hold a lot of memories. However, hanging on to an entire house out of sentimentality may not be realistic. Selling the home for cash can also be a reasonable option if the home is neglected or in need of repairs. At Compass Home Buyers in Tampa, we buy houses in any condition for cash, so you can move on with as little stress as possible.
Although selling your inherited house for cash is a simple, fast solution, the team at Compass Home Buyers encourages you to continue reading to discover all of your options. As a family-owned business, our primary goal is to serve our Tampa neighbors, be that through our services or simply through helpful information. If you decide that you’d like to sell your inherited home for cash, contact our team today using the button below.
Sell Your Inherited Property With A Real Estate Agent
As with any home, you have the option to sell with a real estate agent. Depending on the home’s location, age, repairs needs, and other factors, as well as your own ability to devote time and effort to the process, selling in this way may be a good option. You could potentially earn more for the home, but keep in mind you will need to pay the real estate agent a commission fee, in addition to other fees and closing costs. If the inherited home is not close to your own home, or you live outside Florida but the inherited home is located here, you will also need to be available for showings, upkeep, and management of any contractors who visit the property.
Selling a home is not a simple task if you take the traditional route. This is true for most everyone — especially if you’ve had the responsibility placed on you out of the blue by inheriting the home. While you may have known you’d inherit the home, it’s extremely difficult, if not impossible, to know exactly when it will happen. If selling an inherited home with a real estate agent isn’t feasible, contact Compass Home Buyers in Tampa to sell you home for cash in as few as five business days
Move Into The Inherited Property
Some people may choose to move into a home they’ve just inherited. If you’re considering this path, it’s important to know what you may face once the keys are yours. You’ll want to pay for a thorough inspection to ensure that the home is structurally safe, free of mold and pests, and up to city codes. This step is absolutely crucial, even if you have personally been to the home recently or frequented it prior to inheriting it. The inspection will reveal any repairs or problems that may end up canceling your plans to move in. If you’ve inherited a home along with siblings or other individuals, you’ll all need to agree on your choice to move in. You will then need to compensate the other parties via paying rent or buying the property. Seeking legal council in this matter may be wise.
We recommend thoroughly researching the financial and legal factors associated with moving into an inherited home before you commit to doing so. If you’d like to learn more about selling an inherited home to Compass Home Buyers in Tampa, please don’t hesitate to give us a call! We have years of real estate experience and can answer your questions specifically surrounding selling an inherited home for cash. Contact us below!
Rent Out An Inherited Property
If you’re hoping to make some extra income by renting out an inherited home, it’s important to be prepared for the realities of serving as a landlord. The quality of your tenants will often make the difference between a pleasant endeavor and an absolute nightmare. If you’ve ever lived with awful roommates, you’ve already had a taste of what problem tenants can do. As a landlord, you’ll be on the hook for damage, missed payments, and any maintenance required on the home. If you’re expecting a casual side hobby from renting an inherited home, you may be in for a rude awakening when it proves to be a full-time job.
At Compass Home Buyers, we can buy your inherited house fast. You’ll have cash in hand in as few as five business days, not to mention zero responsibilities for repairs, payments, or maintenance. If you’ve already made the leap into renting out an inherited property and find yourself regretting the decision, we can almost always buy homes with tenants in place — even the troublesome ones. Contact us today to sell your inherited home for cash and kiss being a landlord goodbye.
Use An Inherited Property As A Vacation Spot
If you’ve inherited a Florida home, especially one near the beach, you may be interested in using it as a vacation home or secondary residence. Much like moving into an inherited home, there are a variety of financial and legal factors you’ll want to review before making the choice to keep the property. As we mentioned previously, it’s important to pay for a thorough inspection to ensure no major repairs are necessary. If you inherited the home along with other parties, agreeing on the use of the home as a vacation property for one or more of the inheritors is the first step. Be sure to fully consider how often you’ll use the home to make sure it’s the best option.
If you’d rather sell an inherited house for cash, Compass Home Buyers in Tampa can help. We close fast — in as few as five business days. We buy homes in the greater Tampa Bay Area and beyond. Just give us a call or click the button below to get started.
Inherited Home
Sell Your Inherited Property For Cash — It’s Easy!
If you’ve inherited a home in Florida but don’t have the time, energy, or desire to rent it, sell it, or move into it, contact the team at Compass Home Buyers for a quick cash offer. Don’t let our speed fool you — we treat every client like a neighbor, because we believe that’s what they are. We’re Tampa’s family-owned home buyer of choice for simple, quick, friendly home selling solutions. Start the process today by telling us about your home or property!
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