After a loved one passes away, you may have a tough enough time processing your grief. But things can become even more complicated if you inherit a piece of property after your loved one’s death. For some, inheriting a home can be a blessing. But for others, it can actually feel like more of a curse.
Between owed mortgage payments, property taxes, and general upkeep, an inherited home can represent a huge burden. While the average Canadian owned 4.5 to 5.5 homes in their lifetime, paying two mortgages or moving into this home instead may not be in the cards for you. If you already have enough on your plate, you may decide that selling the home is the way to go. After all, not everyone wants to become a landlord, deal with short-term rentals, or own more than one piece of property.
But selling a house in Ontario — or anywhere else in Canada, for that matter — isn’t always easy. That’s especially true if you’ve inherited a home that needs to be cleaned out and repaired prior to being listed on the traditional real estate market. This process requires considerable time, effort, and monetary investment. Fortunately, there is an alternative that will allow you to sell a house fast for cash.
Rather than work with a real estate agent and spend months waiting for a buyer to find you, consider working with home investors who extend cash offers for homes that have been inherited. When you work with a home investor, you’ll be able to sell a house fast and do so directly to the investor. That means you won’t have to make any upgrades to the home or even clean up before selling. As long as you’ve removed anything you want to keep from the home first, your cash home buyer will take care of the rest.
Best of all, you’ll have total control over how quickly the sale is finalized. Many people with inherited properties are motivated to sell quickly, as they don’t want to be stuck paying taxes or mortgage payments on the home. Cash home investors ensure you have a buyer lined up from the start who’s willing to take on any issues with the property. You’ll be more involved in the selling process (which can take place in as little as a week’s time, in many cases) but will be relieved of the hardships associated with inherited homes.
When you sell a house fast with help from a home investor, you’ll be able to walk away with a clean slate and with extra cash in your pocket. If you don’t wish to live in or rent out your inherited property, this is one of the best options at your disposal. To learn more about selling an inherited home quickly, please contact our team today.