Selling an inherited home in Ohio is not as easy as people think! Read on to learn how to sell a house you inherited in Columbus Ohio…
First of all, preparing a loved one’s house ready for sale is an emotional task – which most likely includes depersonalizing his or her rooms and also clearing out all the belongings… Then there is the cost of selling the house, working with a realtor in order to attract potential buyers.
Usually heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise on almost all areas of the process.
Therefore we at I Buy Houses Columbus have compiled a few points that should help steer you in the right direction, if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Columbus, without having to sweat much.
Making the probate process go smoothly
Get some advice
The first step you should take is to get some professional advice. Talk to a real estate professional, buyer or agent to understand the status your house is in. Make sure that you verify your ownership, possibly with a title search. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too of course. We can also give you a fair offer for your inherited local Columbus house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in Columbus
Before you embark on the selling process, your house must go through a probate. Most areas allow for a summary probate – which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Columbus, you can then put it on the market.
This can be a surprise to most. The sale of house will be taxed by determining the value of the property on the date the person willed you died. The difference between the amount you get from the sale and the earlier value is basically the gain on which you owe the taxes.
How to sell a house you inherited in Columbus
Agreeing to sell
If you are ready to sell your house in Columbus, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from the there. Problems always arise when siblings who share the inheritance have different views – for instance others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.
Preparing to sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. You will need to clear the house of most everything! You can hire an inspector to note down potential issues and recommend possible repairs. This does not include updates to the house to make it feel more modern. These two steps can be quite costly. Although you can sell a home in Columbus “as is” at lower price, especially if your house requires extensive repairs or cleaning. Selling an inherited home in Columbus in ‘as-in’ condition can save you time, hassles and money!
Here at I Buy Houses Columbus however, we have multiple programs to find what works best for you. We will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in Columbus, repair and fix them up and either rent them out or sell them to someone else looking for a great deal.
If your local Columbus house meets a few simple qualifications, we can buy your house fast.