Have you recently inherited a property that you have little use for? Selling your house to a cash buyer may be the quickest option to sell the property, and immediately receive the money owed to you. There are a number of reasons you may consider selling your house for cash or a direct sale. There are many cash buyers in North Carolina that will purchase your inherited property as-is.
When selling your house for cash without a listing agent, cash buyers in North Carolina will purchase your property in as-is condition, without hidden fees and other expenses that come with hiring a real estate agent.
High Monthly Mortgage Payments
When inheriting a property, the mortgage may be too high for you to handle, and you may need to sell the home fast to avoid foreclosure. Therefore, selling a home or property for cash could quickly rid you of the home and its financial burden.
Real Estate Agents Can Be Extremely Costly
When listing a house, hiring a real estate agent to assist you in selling your inherited property may be your first inclination. However, you may become overwhelmed by the exorbitant fees and other expenses that come with hiring a realtor. To avoid this hassle, many decide to either sell the home by owner, or sell it for a cash sale. If selling a home with a realtor, they will require a significant cut of the money which you could have saved should you have gone the cash route.
High Property Taxes
Inheriting a home comes with a new set of burdens, one of which are property taxes. If the home you inherited is located in an area with high property taxes, a quick cash sale could be beneficial to you. Next to a mortgage, property taxes are one of the most expensive aspects of owning a home, especially in a high tax area.
You Do Not Plan on Living In or Renting the Property
If you do not plan to utilize the property in any way and want to sell the property as soon as possible, a cash sale is likely the best option. There is no reason to pay for a home you are not using while it cuts a hole in your wallet. By selling the property to cash buyers in North Carolina, you immediately receive the funds and relinquish the responsibility to someone else.
More Than One Person Inherits The Property
If the property was left to more than one family member, arguments may ensue, adding greater stress and anxiety to an already difficult situation. Furthermore, dividing financial responsibilities between the family can be a turbulent affair with frequent disagreements. A quick cash sale of the home allows the family to quickly divide the money promptly and evenly.
Selling your inherited property for cash is the quickest way to relinquish your responsibility for the property. By hiring a listing agent, it is possible that the home may spend an extended period of time on the market while you continue to pay the expenses. It’s estimated that the average home in the United States spends at least 93 days on the market. However, a cash sale allows you to quickly sell the property and receive funds almost instantly.