10 Tips For Selling Parents House Before Death
Selling property before death can be easy and simple with all-cash offers. Cash is the trading currency in today’s real estate market, selling your parent’s house for cash may be one of the most important decisions they make regarding their property. When selling a parent’s house before death, selling property with all-cash buyers makes selling property much faster and provides them more options for selling their property quickly at a fair price without any extra work or legal trouble.
Most people selling their parent’s house before death want to sell as fast as possible. Most often, they do not own the house and face many obstacles selling it during their parent’s lifetime. The buyers will most likely require a contingency on selling the property if they die, which could take months or years to resolve.
Selling Your Parents Home For Cash
People selling parents’ homes want the process completed as quickly and painlessly as possible by receiving cash for it with no contingencies. Cash offers are usually accepted because of this reason. A cash offer may appear faster than waiting for a contingent sale but it can be more complicated than selling through an agent with 30% commission fees and random expenses such as repairs/upgrades for showings or photos, etc… People often do not want to take the time or spend their own money on things that are not part of selling a house.
People selling parents’ homes should consider selling directly to a real estate investor who will buy the home in cash and usually close quickly due to having all prerequisites ready when making an offer, such as 20% down payment, background checks on the buyer(s), etc… In most cases, this is safer than selling it through an agent because there are no worries about closing or any costs other than title insurance if it closes without going into foreclosure.
Tips for Selling Your Parents House Before Death
Tip #1 – When looking for a realtor you want to avoid selling to an agent who must sell it through other agents. This will make selling the house much longer and more expensive because you will have to pay two real estate commissions instead of one.
Tip #2 – It’s very rare for a realtor to buy your parents house themselves because there are huge costs involved, including paying off any existing mortgages, making repairs, standard home inspections, title insurance, etc… that usually adds up to about 20% of the selling price.
Tip #3 – Selling directly to an investor which is almost always cash makes selling much faster and convenient than selling through a real estate agent where buyers want financing or lots of repairs before they agree to close.
Tip #4 – Avoid doing repairs by selling to a cash investor. You’ll have fewer repairs, quicker selling times, and more money in your pocket by selling directly to a real estate investor.
Tip #5 – A quick cash sale saves on commissions and selling costs. Investors can close faster than most buyers with fewer conditions for selling because they don’t need financing from the bank or from their own homes.
Tip #6 – If selling isn’t your forte, selling without a real estate agent might work. You might think selling to an investor means selling at a lower price. But selling directly to a real estate investor cuts out commissions and selling costs by selling ‘as is’ directly from you to the buyer.
Tip #7 – Save time! Investors are only interested if they can close quickly because of their own investment criteria. Once you decide on selling wholesale or “as-is” sell cash deals, most cash investors can close within 10 days even if it’s over weekends or holidays.
Tip #8 – Find real estate investors who can close quickly by selling the property as-is. This means no appraisals are required and the home can be sold in under 30 days.
Tip #9 – If selling as-is, you don’t even need to clean the house! Cleaning a house and doing the repairs or upgrades is the job of a real estate investor.
Tip #10 – If selling as-is, you don’t even need to paint the house! Painting a house takes time and resources that lower your selling price.
We Buy Inherited Property For Cash
This is why selling a house via real estate investors is becoming more popular among homeowners selling in pre-retirement years with no children or other family left at home nor in a hurry to sell immediately. There are many advantages to selling a house to real estate investors rather than selling through a real estate agent, such as:
1) Real Estate Investors can offer cash (No financing delays)
2) Real Estate Investors can close quickly (1 week to 1 month)
3) Real Estate Investors do not require repairs (No repair costs)
4) There are no commissions, fees or selling costs of any type.
5) You can stay in the house while it is being sold. For more information on selling your home for cash please give us a call today at (858)302-8913!
The first option is selling directly with an investor who will make a cash offer on the home and close quickly, either by accepting a lower sales price or requiring repairs. The main difference here between selling a home to real estate investors versus selling it traditionally is agents who require repairs while also taking their own cut from commission while also usually making you wait at least 30 days before receiving the funds. They charge 3%-6% of the total sale price in commission while charging up to hundreds or thousands of dollars for home repairs, depending on what’s needed for your property.
One of the biggest reasons you might choose to sell your parent’s property before death is to avoid probate court. Probate is when you can prove title in a court of law, selling the home directly to an investor eliminates this expensive process. If you wait too long to sell and the probate court is required, you could be waiting a minimum of 6 months up to 12 months to receive the title and deed to the property. The reason probate takes so long is that the court must notify all debtors for 6 months prior to releasing the property to its rightful heir. That’s a huge hold-up if your parent’s estate is short on cash or if you are in need of money quickly to pay medical bills.
Avoid Repairs When Selling Parents House Before Death
Another benefit to selling while they’re alive is avoiding repairs. No one wants to move into their parents’ old house only to discover that it needs some TLC. Sellers would have to do any pre-sale renovations themselves, which can be expensive and take des
In conclusion, selling your parent’s house before death is a great option for selling their home. It can save money, time, and effort for all parties involved. If you are selling the house of your parents after death, be sure to contact a lawyer to walk you through the process. For an easy, no-obligation, fast cash offer on the property please fill out the short form below.