Selling an inherited home in Lehigh Valley is not as easy as people think! For some valuable information and tips on how to sell a house you inherited in Lehigh Valley read below!
First of all, it can be very emotional and exhausting in preparing a loved one’s house and getting it ready for sale. One must depersonalizing his or her rooms and also clear out all the belongings, which can be very time consuming. Then there also the cost of marketing the house in order to attract potential buyers. The list of things to do can be very tiring and feel endless.
Usually, heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise.
Therefore, we at Ibuylehigh have compiled a few points that should help steer you in the right direction. Here are a few tips on how to sell a house you inherited in Lehigh Valley.
Making the probate process go smoothly
Get some advice
The first step you should take is to seek some professional advice. You must understand the status your house is in. Make sure that you verify your ownership and seek advice from a real estate attorney. It would also be beneficial to gain some advice from other experts too, and completely utilize this site too! We can also give you a fair deal for your inherited local Lehigh Valley house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in Lehigh Valley
Before you embark on the selling process, your house must go through a probate. Most states allow for a summary probate. Meaning a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Lehigh Valley you can then put it on the market.
The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
How to sell a house you inherited in Lehigh Valley
Agreeing to sell
If you are ready to sell your house in Lehigh Valley, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale. Problems always arise when siblings who share the inheritance have different views. For example, others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.
Preparing to sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. You will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Lehigh Valley “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at Ibuylehigh however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often buy local houses in Lehigh Valley, repair and fix them up, and either rent them out or sell them to someone else looking for a great deal.
If your local Lehigh Valley house meets a few simple qualifications, we can buy your house fast.