Have you just inherited my home in Houston, Texas, and wondering what financial options are available for sellers looking to sell such properties? Well, We Buy Fast Houston Houses has all the answers that you’re looking for. In this blog post, we will be talking about some of the financial options that inherited home sellers often pursue, in Texas.
Owning an inherited property in Houston, Texas, is not always convenient. So before you get all excited, you should start thinking about all the different expenses that you’ll have to cater to. We Buy Fast Houston Houses is referring to the maintenance, homeowners insurance premiums, property taxes, mortgage, utility bills, etc. Not to mention the time consumed managing it. And those are some of the reasons why more often than not, inherited homeowners sell.
How do you sell my inherited home fast in Houston, Texas? We Buy Fast Houston Houses knows you’re already thinking of a real estate agent. Which is not a bad idea, but the question that you ought to be asking yourself is, are there any other better options? And the answer is Yes. We actually do have other better options and that’s the purpose of this blog post.
But first, let’s talk about the agents
We Buy Fast Houston Houses has never said selling my inherited home through a real estate agent is a terrible idea, but there are a couple of things that you should take into consideration. First, you’ll have to fix up the property. You’ll then have to market it and once you find a buyer, you’ll have to pay the closing fees and commission. What about the timeframe? It usually takes more than three months or more.
Refinance
Refinancing the property is a type of selling. You just need to reach out to the bank and strike a deal. You can use the money you earn to start a new project or invest in something that you’ve always wanted.
Legally, you’ll still be the owner of the property. Therefore, you can still use my inherited house as your primary residence or rent it out to someone who needs it.
Rent to own
If you do not need the money right away, you can sell my inherited home over the long-term. Homebuyers who normally settle for this option are the kind that cannot afford a mortgage for one reason or another. Maybe they have a low credit score or still being haunted by a past foreclosure.
A tenant looking to buy my inherited home through rent-to-own will pay you rent that’s higher than overage and a down payment. The agreement has to be on paper.
Sell for cash
It’s a little-known option, but We Buy Fast Houston Houses will tell you all about it. Instead of working with a real estate agent who cannot guarantee you a sale, you can work with a real estate investor who’ll make you an offer on the spot. Also, the property will be bought as-is.
Interested? Call We Buy Fast Houston Houses and you’ll know more.