Thinking about selling your inherited property? In this blog post, you’ll read about the 4 no stress tricks for preparing to sell an inherited property in Houston so you can sell it easily, with no hassle.
Selling a lot can be frustrating, time-consuming, and even expensive.
And if it’s an inherited lot, it can be even worse!
So if you want to sell your inherited property without all the hassle, here are 4 no stress tricks for preparing to sell an inherited property in Houston…
No Stress Trick #1: Plan Ahead
Most people who sell a lot just decide to sell without thinking through what that looks like.
- Do you have a budget for the ongoing expenses of mowing and maintaining the lot and clearing any trees and brush? Do you know who can complete any work that needs to be done on the lot? Do you need to add a fence for safety and to keep unwanted trash from being dumped on the lot?
- What if the listing takes a long time? Sometimes it can take months to get an offer.
- What contingencies do you have if the real estate agent can’t find a buyer?
It’s stressful if you have to decide these things as they come up but if you’ve already thought about them, you’ll eliminate a lot of stress.
No Stress Trick #2: Be Informed
Do you know what the process is to sell? Do you know how long it will take? Do you know how much it will cost you? Is it even a good time to sell? Who is buying right now? Will you be selling to someone who is paying cash or who will need to wait for financing to get approved? Are you prepared to wait if someone makes an offer but wants to take several months to close? Do you have an updated survey of the property?
Do some research ahead of time and ask these questions to get informed about selling.
The more information you have, the better.
No Stress Trick #3: Get Consensus
If multiple heirs own the inherited property, you’ll want to gather your research and then talk to each heir to get a consensus.
Nothing is worse than starting the listing process and trying to sell your property only to be stopped in your tracks by an heir who wants to go in a different direction with the property. As the buyer will probably want to buy with a title policy, you will need to have all of the heirs in agreement and willing to sell.
No Stress Trick #4: Work With A Lot or Land Buyer
Actually, you can skip a lot of the legwork and hassle by selling directly to a land buyer. A lot or land buying company (like what we do here at 1800LOTS.com) is the simplest, fastest way to put cash in your pocket because they often buy lots fast, for cash, and in as-is condition… and are experts at dealing with any of the challenges with titles, liens, multiple heirs, etc. We have an in-house title expert who knows how to handle situations with several heirs and can employ a mobile notary for out of town family members.
So one call to a company like ours is the best no-stress trick!
Summary
These 4 no stress tricks for preparing to sell an inherited property in Houston will help you finally deal with that inherited property without the hassle and stress!