If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Sacramento for sale…
Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can also (quite frankly) be a costly burden. Case and point. A seller who lived in Florin Sacramento 95823 inherited a mobile home from his Uncle. It was 74 Mandeville Lane, Sacramento California. He was referred to me by the Florin Mobile Home Estates HOA President. I have a history in buying in this area so she needed help in removing squatters. The new seller was only 35 years old and was not interested in being a landlord. I offered to buy his Florin Sacramento home fast and for cash. This home had squatters and city liens and was boarded up to keep the squatters out. I got the squatters out and paid the liens. The home also required going thru the probate process. In addition, I paid the Probate Attorney fees, as he did not have funds for it. All in all it was a stress free experience and a win-win. We bought it cash and fast for Top Dollar. See the transformation by clicking here https://www.tourfactory.com/idxr3035368
So selling it makes sense and allows you to use the gifted equity for some other purpose. But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while. So here’s how to price your inherited home in Sacramento for sale…
If you want to Sell your House Fast For Cash. We can close in as little as 10 days. We Buy Houses Near You in Sacramento, South Sacramento, Florin Area, Oak Park, Del Paso Heights, North Highlands and area, Fair Oaks, Roseville, Antelope, Carmichael, Elverta, Citrus Heights and Rio Linda, CA
Tip #1: Price Quick To Sell
Some people price their inherited property at an amount they think the market might pay for the house. However, there are many factors that go into this price and one of the biggest considerations is: how fast do you want to sell? Selling through an agent “on the market” can take months, and you’ll have to pay for the house and maintain the property the entire time. That can be costly and can eat into the higher price. Whether occupied or not just a few of the basic utilities will be yard maintenance, so the city of Sacramento Does’t place code violations on it. Water, sewer and garbage are others.
Many property owners quickly learn that they’re almost better off to price slightly lower for a faster sale… they might get less for the house but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that might turn out to be a total wash.
Tip #2: Avoid Pricing Based On Fond Memories Or Emotion
One of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to increase the price. (This is VERY common.) I say this respectfully, selling a home is business and not personal. If you can’t separate your feelings from the situation you should consider someone else in the family to manage the process
A better approach would be to work with a real estate company or better yet a cash buyer such as Nerradscali. We buy homes cash and take care of just about everything. Find out what they can offer you, and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much but because your wonderful memories have accidentally inflated the price!
Tip #3: Build In Discounts For Repairs
If you inherited the property from a loved one who had lived in the property for many years then you might find out that the property needs some repairs. You could choose to do this work yourself and then ask for a higher price but why do that when you could save yourself the time and effort (and what you’d have to pay for equipment, supplies, or a contractor) and instead just ask for less and give a “repair discount”. That way you avoid the hassle of the work, and you still come out the same financially.
Summary
An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in Sacramento for sale.
This seller from Florin Sacramento inherited a mobile home from his Uncle. It had squatters, HOA liens, County Liens and required Probate Processing.
Check out the transformation https://www.tourfactory.com/idxr3035368
Darren Paid For My Probate attorney and City Code Violations!
I was referred To Darren by Neighbor that recently sold his mobile Home to Darren. I inherited a mobile home from my deceased Uncle. It had been boarded up and had squatters. He took care of the Probate, Liens, Code Violations and evictions. The process was smooth and stress free.