Trusted House Buyers is a market leader in buying homes in this particular situation, and our Company’s President walks you through some things you should consider before trying to sell your house in our local, San Diego market. Watch this short video if you need to Sell An Inherited House in San Diego.
(click video below to play)
Hi, I’m Brian Mollo, President of Trusted House Buyers, a house buying company that specializes in helping people sell an inherited house in San Diego County. Today, we’ll take a quick look at a house that fits into this category and I’ll walk you through some important steps if you’re facing a similar situation.
We’re here today in Vista, San Diego, at a 3 bedroom 1 bath home that’s almost 1,000 Square Feet. As you can see it is dated and it has a fair amount of deferred maintenance-probably couldn’t even go on the market or get most bank financing from a regular, retail buyer. We’ll take quick look around and then we’ll dive into some pointers and tips if you find yourself in a similar situation.
So here are some real estate related things you need to consider when you’re trying to sell an inherited house in San Diego.
Let me give you three quick tips to help you during this potentially difficult situation:
#1: GET ORGANIZED
During this hectic time, when you’re certainly ready to, start to wrap your head around all the time and emotion that may be involved in this home selling process. You can do it, just make sure your comfortable with each step as it comes and ask as many questions as you can to as many folks as you can to get any help you might need. Start to understand if anyone else has a claim on the property and make sure any other beneficiaries or siblings are on the same page with what to do with the home. Make sure you do a title search to make sure you have a clear picture of any liens on the property, creditor claims, any errors, illegal deeds, or anything else that will hinder your ability to transfer title to a new owner. And you might want to consider in this situation vacant property insurance on it in the interim, if you can afford it. Once you have a clear picture of what you’re dealing with and who’s involved you should then….
#2: PREPARE FOR THE FINAL STEPS AND GET YOUR DUCKS IN A ROW FOR A SALE OF THE HOME
Make sure you fully understand the tax implications associated with the sale of the property. What’s the property’s basis? Was the house gifted or did you receive it during the probate process? All important factors. Is there an advantage to selling now or selling it now or holding it and selling it later? All of these will affect the net amount you will receive once the house is sold. Consider talking to a tax or an estate attorney, if needed, depending on where you are in the process.
#3: CONSIDER YOUR OPTIONS
If it’s a new construction home you might consider selling it to a traditional end, retail buyer. But in certain circumstances, there are a number of reasons why it benefits everyone involved to sell quickly to a professional, cash buyer. In these certain circumstances, there are no closing costs or real estate agent fees you need to worry about, and they should be able to close on the date of your choosing with the house in its current condition, even with some unwanted personal property that you may need to leave behind. Particularly if the house is in rough shape, you might get just as much as if you hired a real estate agent and asked for all cash offers on the open market, once you net out all the fees you’re going to have to pay in a typical transaction. It basically saves you all the headaches and time. In this scenario, you need choose wisely who you work with. Work with a cash house buyer who is local, experienced and trustworthy. It CAN be a very easy, seamless transaction if done properly.
In summary, we all know that selling a house can be time consuming, expensive and often a big headache. And dealing with an inherited home is no different; it can often escalate these things.
Make sure you follow those three steps:
#1. Get organized
#2. Appropriately prepare for the next steps, or actually executing the transaction
#3. Take into consideration any easy and fast options that may be available to you
We’ve been helping San Diego homeowners in all kinds of situations sell their houses fast.
It’s one of the best parts of our business; providing folks with an option that helps this burden and allows them to get what they want quickly- particularly when they’re trying to Sell An Inherited House In San Diego.
If this is your situation, you should know we’re a local, family run company and at Trusted House Buyers, we’re here to help. Call our company and ask for me directly. My name is Brian and our phone number is 619-786-0973.