Need to Sell Your Inherited House Quickly? Click to Play the Video Below
“I Need To Sell My Inherited House Fast In Richmond!”
We Buy Houses Fast Anywhere In Richmond And Other Parts of VA, And At Any Price. Check Out How Our Process Works. We’re Ready To Give You A Fair ALL CASH Offer For Your Inherited House.
If you want to sell your Richmond house… we’re ready to give you a fair guaranteed cash offer within 72 hours. NO CLOSING FEES and NO COMMISSIONS! We are not listing your house like a real estate agent. Instead, we are interested in buying your house, so you won’t have to pay any closing fees, commissions, or any other typical fees when working with an agent. Why Selling to Redbrick is BETTER than using a Real Estate Agent
Stop the frustration of your unwanted property. Let us buy your VA house now, regardless of condition. You don’t have to fix or clean your house. We will buy it as it is today!
Basically, if you have a property and need to sell it… we’d like to make you a fair fast offer and close on it when you’re ready to sell.
Do You Need To Sell Your Inherited House in Richmond, VA?
Even if an agent can’t sell your house, we can help. (Sometimes selling a house through a real estate agent is not for everyone.)
And as a bonus…
- you don’t need to clean up and repair the property
- don’t waste time finding an agent who you trust and who can deliver on their promise of selling your house quickly
- you won’t need to sign a contract that binds you to an agent for a certain term
- or deal with the paperwork and the waiting and wondering (and hoping)
We’ll know very quickly if we can help you, and unlike selling through an agent, you don’t have to wait to see if the buyer can get financing… we’re ready to buy right now!
All that hassle can add stress, months to the process, and in the end after paying the agent’s expensive fees, you may or may not be ahead of the game.
We work differently at RedBrick Properties. When you contact us and submit the short property information form (below), we’ll give you a fair offer on your house within 72 hours… and the best part is: we can close whenever YOU choose to close – it’s entirely up to you. It doesn’t matter what condition the house is in, or even if there are tenants in there that you can’t get rid of… don’t worry about it. We’ll take care of it for you. And if you need the cash quickly, we can close in as little as 30 days. (Go here to learn about our process →)
No matter what condition your house is in; no matter what situation or timeframe you’re facing…
Over the next 4 decades Baby Boomers will inherit $27 trillion (that’s trillion with a T) in wealth, with a big chunk of that trillion coming from family real estate. So it should come as no surprise that a lot of folks want to educate themselves on the sale of an inherited home. So how do you sell your inherited house? We’ll break it down. Here’s our 5-step guide to selling your newly inherited home:
1. Confirm who is able to claim and sell the inherited property
First, you need to identify the heir of the property if you plan to sell an inherited house. This can be very tricky. If Mom and Dad were prepared and wrote a will of inheritance, thank your lucky stars. However, if they die without a valid will, and the deed to their property does not include joint tenancy with survivorship language, then issues may arise as to which persons have title to the inherited home. The property cannot be sold with clear title until the heirship issues are addressed and resolved.
This process can be complicated when there are many heirs, multiple marriages or several generations of people who died without wills. It becomes increasingly more difficult if the heirs won’t work together towards completing the process. Essentially, the more complicated the family story, the more involved the process can be. We work directly with the Title Companies and communicate with family members to make this process as simple as possible.
It is best not to attempt to resolve heirship and Title issues on your own, without an attorney. If your loved one dies without a will, RedBrick Properties will work with the Title Company and a real estate attorney at no cost to you, ensuring title is clear before completing the sale and freeing you of any future liabilities. We pay cash and typically close on your home in 15 to 30 days depending on your situation.
2. Make sure you have a plan to care for the vacant home
If all goes well a family member or presumed heir will take over maintenance of the property after the person passes. Maintenance may include obtaining a vacant home insurance policy to protect the estate from liabilities, keeping up with utilities, paying property taxes, maintaining lawn care and disposing of the contents of the house. Keeping up with the sale of an inherited home after someone dies can become an overwhelming task, but it’s critical to ensure a minimum of care is in place to protect the vacant home.
3. Ensure your newly inherited home is appraised
Sometimes the open market is the best answer but often times its best to sell to an investor.
Here are our top 5 reasons why it may be best for you to sell to an investor:
- Speed of sale
- Sureness of sale close
- Sell as is
The bad news: Unfortunately, home sale tax exclusions do NOT apply to inherited houses. Normally, if you own a house for two out of five previous years, you benefit from this tax exclusion. However, if you plan to live in the inherited house for two years, and then sell it, you can still benefit from this exclusion However, many people choose to sell their inherited house right away.
The good news: Those who inherit a house and sell it DO benefit from the stepped-up tax basis. Normally, proceeds are calculated using the house’s purchase price + home improvements made to the house. When the house is inherited, however, the tax basis is the fair market value at the time of the owner’s death. If the house appreciated dramatically, this prevents those who inherited the house from owing substantial taxes.
5. What to expect during the sale of an inherited home- Siblings, Emotions and Lawyers – Oh My!
If you inherit a house, hopefully, the process the process of selling the inherited property will be simple and straightforward, but oftentimes it isn’t. For example, title problems are a common issue that people need assistance with when they sell their house to a real esate investment company such as RedBrick Properties. Some common title problems include:
- Unknown liens
- Illegal deeds
- Missing heirs
- Undiscovered will
- Errors in public record
Not only are family members coping with the loss of a loved one, but even in best case scenarios, dealing with the estate left behind only adds to the stress. While family members are usually well-intentioned, they may not be as organized as you thought. When a house is inherited, sometimes unknown marriages and children are discovered, which can complicate title resolution.
Remember: We are here to help. If you inherited a house and plan to sell, or are simply researching your options, call us now for a no-obligation offer on your house in 24 hours or less. We will work with you regarding your options and your situation.
Our goal is to help make your life easier and get you out from under the property that’s stressing you out… while still paying a fast, fair, and honest price for your house.
Or Give Us A Call Now At: 804-482-7351
If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, let us know about the property you’d like to be rid of and sell your house fast. Talk to someone in our office before submitting your property information by calling us today at 804-482-7351
Need some help? Check out the resources below:
- What Happens When You Inherit a House?
- Guide to Selling an Inherited Home
- What To Do When You Inherit Your Parent’s House
Are you looking to purchase an investment property? View our Richmond Investment Properties
We Buy Inherited Houses Fast In Richmond!
We buy Inherited houses fast in Richmond, VA and all surrounding areas in VA. If you need to sell your house fast in VA, connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose 🙂