When Selling an Inherited House, Think Cash Buyer: The Smart Choice

Who are Cash Home Buyers?

A cash home buyer is a we buy houses Philadelphia company, investor, or individual with ready cash to buy a house outright. This means that these companies or individuals don't need loans to purchase a house in question. They have enough funds at their disposal to buy a home on sale.

This means that when you sell my house fast Philadelphia to a cash buyer, you are guaranteed to make a quick sale as there is no appraisal or mortgage loan approval. You link up with them, give them the details of your home, and negotiate for a fair price. Most cash buyers can close the deal within 14 days.

Why Should You Sell an Inherited House to a Cash Buyer?

There are many reasons why selling an inherited house to a cash buyer is a smart move. Here are the main reasons;

To Avoid Expensive Repairs

If your inherited house is in poor condition, maybe because your parents were unable to manage proper maintenance, you have to fix it before you move in or sell it the traditional way. In addition, you may be forced to upgrade the home appliances, like the refrigerator and AC, to make the house more appealing to potential buyers. And all that can be costly.

However, cash buyers offer you an opportunity to sell your inherited house in as-is condition. You don't have to fix that leaking roof, damaged flooring, or malfunctioning air conditioning unit. In addition, you won't have to deep clean and remove junk. The cash buyer will buy the house as it is, helping you save money and time you could have spent to fix and clean the property.

To Minimize or Avoid Capital Gains Taxes

You must pay a capital gains tax on an inherited property to the IRS. The tax is calculated based on the home's value when you inherited it and its current value when selling it. If you hold on to your property for long and it appreciates, you must pay capital gains tax.



The best way to avoid the capital gains tax is to sell your inherited property as soon as you inherit it. Why? There will be no time for the value of the house to appreciate any further. So, don't hold on to your inherited property; sell it sooner to avoid/minimize the taxes that can shrink your sale proceeds.

Navigate Legal Issues That Come with Inherited Properties

The probate process involves complex and time-consuming legal proceedings. The entire process can take months to be concluded and that means you will have to wait for much longer to turn your inherited house into quick cash. However, a cash buyer can help you.

When you work with a reliable we buy houses Philadelphia company, they will help you navigate the complex and time-consuming probate process.

They can buy your house even if there are pending legal issues, which is impossible when you sell the home the traditional way.

No Agent Commission or Hidden Fees

When you sell my house fast Philadelphia for cash, you sell it directly to a cash buyer. There are no agents or brokers involved. That means you don't have to pay 6-7% of the sale price as a commission to an agent. In addition, minimal expenses are involved, like closing costs and a reliable cash buyer can take care of some, if not all, of them. This means you keep all the proceeds from the house sale.

It's a Quick and Convenient Process

Selling an inherited house through traditional channels can take months or even more than a year. You will need to hire an agent, improve the house, list it, open it for showings, screen potential buyers, and go through dozens of offers. It is a complicated and stressful process.

However, cash buyers offer a quicker and more convenient home-selling process. You contact the buyer, provide them with the details of the inherited house, and receive a cash offer in 24 hours. If you accept the offer, the deal can be closed in as little as 7 days.



But note that the first cash offer is not final. You can convince the cash buyer to increase the offer, and they can adjust it to ensure both parties are satisfied. In addition, you won't have to struggle with complicated paperwork as the cash buyer will help prepare it.

No Marketing Required

When you sell an inherited house through one of the traditional ways, you will have to market the property. You must use social media and other platforms to showcase the house to the public. You will need to use high-quality photos and catchy descriptions to capture the attention of buyers. You may also need to record high-quality videos capturing the selling features of the home and upload them on different marketing platforms.

However, that is not necessary when you sell my house fast Philadelphia to a cash buyer. You only need to find a trusted cash buyer and contact them. They will give you a fair cash offer and close the deal within a few days. No marketing is needed; you sell directly to a preferred cash buyer.

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