When you have inherited a home there are multiple options to selling. One solution is accepting cash for your house. An inherited home has expenses and sometimes costly repairs. Listing the inherited home may not be ideal for your family for a variety of reasons. It can take months for you to find a buyer while you and your family simply want to liquidate the estate and look forward to the future. Accepting cash for your house can save you money. JMS Home Buyers is a local company. We buy homes in Charlotte solving problems for homeowners quickly.
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Cash for My House: The Smart Solution to Selling an Inherited Home
1. Cash for My House: The
Smart Solution to Selling an
Inherited Home
2. Inheriting a Family Home is
Emotional
Dealing with the loss of a loved one
Quickly become real estate professionals
− Repair
− Market
− Sell house
Selling a house can take a long time:
− State of local market
− Condition of house
3. Why Should I Accept Cash for My
House?
1. Maintain Relationship with
Family
2. Better to Accept Cash than
to List
3. Save Money
4. No Repairs
4. “Accepting cash for my house maintained
relations with my family.”
Emotional fallout of bereavement = Awkward position of
dividing money
The longer it is left, the more stressful it becomes
− Relatives want to know what they stand to gain from the
estate
− They want it taken care of as soon as possible
− Adds stress to executor
− Can damage family relations
Accepting cash for a house avoids potential damages to
family dynamics
5. “Is it better to list it instead of accepting
cash for my house?”
Selling a house is in the valuation
− Common misconception
− Rare that a house will sell for
asking price
Houses can be tens of thousands
below list price
− Charlotte area – 2016 –
average sale price 68% of
list price
Can take months for people to accept the actual price houses sell for
− Creates constant stress of trying to realize the home's
imaginary, inflated value
6. “Accepting cash for my house saved me
money!”
An inherited house is not free of expenses and
obligations
− Outstanding mortgage payments
− Utility bills
− Good, sale-able condition
Waiting for the right price
and buyer takes time
− Paying twice as many bills
− as normal
− A house can take months to sell
7. “Do I have to make repairs before I accept
cash for my house?”
Present condition
− Main factor of selling a house
− Many inherited homes have
− fallen into a state of
− disrepair
− House lacked necessary
− maintenance
Repairs can cost thousands of dollars
Cash buyers factor repairs into valuation
8. Cash for My House - Charlotte
At JMS, we understand the pressure placed upon the
executor of an estate and the stress of waiting to
achieve a market valuation
We buy homes in and around the Charlotte Area
− Including University City
We offer cash for your house to start and finish the
process of selling an inherited home