5 Tips For Selling An Inherited House In Pittsburgh

cash house buyer pittsburgh

It can be beneficial for some individuals when a loved one will name them as the new owner of a treasured item. However, it can be an inconvenient transition when this item is a house. Whether the upkeep is too extensive, the taxes are too high, or there are significant HOA fees, inheriting a home can be more trouble than it is worth.

If you try to sell the home, getting rid of an inherited property differs from traditional selling.

Look at these five tips that will benefit you if you’re selling an inherited house in Pittsburgh.

Familiarize Yourself with Probate

Most of the time, selling an inherited property will require going through the probate process. Because local and state laws differ in their probate requirements, it’s a good idea to familiarize yourself with your state’s probate laws. This way, you can be prepared ahead of time. If you can, talk to a probate attorney for guidance. By being informed, you can ensure that you’ll meet all of the state and county requirements when it comes to selling an inherited home in Pittsburgh.

Consider Owner Financing

If you’re not in a hurry to sell your inherited property, consider embarking on a lease-to-own agreement. Typically, the process takes three years to complete; if you have the time, it’s worth investigating. While getting into a rent-to-own agreement with an aspiring buyer might be the right move, it’s essential to inform yourself. You need to know what demands you must satisfy as a landlord. If your home is not in excellent condition, you may need to invest in repairs before taking this step.

For Sale By Owner

If a lease-to-own agreement isn’t for you, you may also want to consider the “for sale by owner (FSBO)” option. Selling the home without the help of an agent might save you money in the long run. Choosing this option isn’t without risks, so it’s crucial to inform yourself and come up with a reasonable asking price. When selling your inherited property in Pittsburgh, it’s a good idea to start by researching the asking price and condition of homes in your area. 

Hire a Real Estate Agent

If you want to be more disconnected from the home you’re selling and rent to own, or FSBO does not appeal to you, you might hire an agent. Listing your inherited house on the MLS with the help of an experienced real estate agent has its advantages and disadvantages. On one hand, you’ll likely need to improve the home’s condition (repairs, upgrades, etc.). You’ll also have to deal with commissions and closing costs, but it may be worth it. Real estate agents work to sell the home for you so that you don’t have to do it alone.

Look Into Professional Buyers

You may have already tried the previous selling methods, and for whatever reason, they didn’t work for you. On the other hand, avoid getting into the hassle of selling an inherited house in Pittsburgh altogether. Consider working with a professional cash house buyer in either of these scenarios. 

At 412 Houses, we will take the time to listen to your situation and determine whether our process would fit your needs. Even if we’re not the best option for you, we can recommend a method that is. Should your home qualify for our buying process, we can offer you a fast, fair cash offer for your property. On top of that, we can close much quicker than any other method, sometimes in as little as a week. 

When selling to a professional cash home buyer, you have no obligation to prepare the house for showings, repair or upgrade anything, market the home, or pay for any costs. This includes contingencies, commissions, and closing costs. We cover it all. 

412 Houses makes selling an inherited property in Pittsburgh as simple as possible. We guarantee a quick closing with a fair offer and no surprise fees. We pay for everything. If you’re interested in selling your home, regardless of its condition, please call (412) 346-0523 or message us. We can answer all your questions and help you determine whether our process is right for you!

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