#3 Signs It’s Time to Sell Your Inherited Home

When parents or a loved one passes away, it can be very difficult to part ways with what they leave behind, especially if it is the family home. Of course, there’s absolutely nothing wrong with this, and it’s good to spend some time grieving, sharing memories, or even living in the property yourself. However, sometimes you may find yourself thinking about selling your inherited property. Here are some considerations to think about that indicate it’s a good idea to sell your inherited home.

#1 – It has a mortgage, debts, or high property taxes

The first thing to consider is if there are any debts on the property and, if so, how manageable these are. Start by checking with the county’s tax office to see if property tax payments are up to date and if the property tax for the home is affordable for your budget. This is especially important if you are used to living out of state, as Texas has some of the highest property taxes in the country. In Fort Worth, the average effective property tax rate is 2.18% of the property’s value. If the property taxes haven’t been paid, you’ll need to work with the tax office to develop a payment plan, as the penalties can be considerable.

It’s also a good idea to check for mortgages on the property. It may be fully paid off or your loved one may have taken a loan against the equity in property to pay for senior care, called a home equity line of credit (HELOC). This should be settled through the estate or through insurance, but you’ll need to get clear advice from the lenders about taking on any debt linked to the property.

#2 – It needs a lot of work done to it

As any homeowner knows, there’s no such thing as a no-maintenance home! It’s a good idea to have a complete home inspection on the property, even if your loved one was exceptional about keeping their home beautifully maintained. For seniors, homes can become very challenging to maintain, and it’s common for small issues to creep in and become bigger problems, especially if they had to move into assisted living, hospital, or hospice for a longer period. It’s common for older homes to experience damaging leaks leading to mold and rot, to have outdated kitchens and bathrooms that aren’t practical for your needs, and other costly issues.

A home inspection can look for any home maintenance issues, structural problems, and more, including upgrades that need to be done. Things like upgrading the hot water system, HVAC, electrics, or replacing the roof can be costly, so it’s important to make sure you know whether it is affordable to take on.

#2 – You don’t live locally

Of course, inheriting a home can mean an opportunity to move to a new area and experience a fresh start. But unless you are planning to live in it, it’s worth considering putting your inherited property up for sale. Of course, you can use it for holidays, but leaving a home unattended for months on end is expensive and things can easily go wrong, from burst pipes and storm damage to maintaining the yard. You could also rent it out, but that comes with its own challenges and expenses as you won’t be able to manage the rental hands-on. Even if you have a good rental agent, you’ll still have to repair and maintain the property from afar. In fact, we’ve written a useful article on how to decide whether you should rent out your inherited home with all the pros and cons for making this decision.

Want to sell? This is the best way to sell your inherited home in Fort Worth

At Shiny Key Properties, we purchase property in any condition, at any time of year, from well-kept family homes to teardowns. If you want to sell property as is without having to look for a buyer, deal with a real estate agent and pay their commission, or even empty the property, then the best option is to sell directly to our cash property buyers in Fort Worth.

We can sell your property in 24 hours, putting a lump sum into your account in just a few days. Here’s how our process works:

• You enter your information on our website. We’ll contact you directly to discuss an offer for your property (you can also get a free property evaluation from our website)
• You can accept or reject the FREE NO-OBLIGATION offer
• Cash will be deposited into your bank account – with no real estate agent fees
• We can handle all aspects of the process, including clearing out the property
• You can also call us directly on 469-858-008

That’s all there is to it!

You can also download our FREE eBook for more information on how to sell your property in 24 hours.

Our team is compassionate and highly motivated to offer you the best possible market-related price for your home, so you can sell your property in 24 hours. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay zero real estate agent commission.

At Shiny Key Properties, our trained consultants have years of experience in assisting local and out-of-state property owners to sell their property as is. To find out more about our cash for property Fort Worth service, please contact us today and speak to one of our friendly team members.