Inheriting a house in Hilliard can feel overwhelming for most people because its not something that happens frequently. It’s usually a once in a lifetime type of experience. You want to make sure you’re doing the right thing!
On one hand… it’s a valuable asset.
On the other… it can quickly become a burden.
You might be dealing with:
- Probate
- Cleaning out the property
- Repairs, fixing up, or deferred maintenance
- Multiple heirs (siblings or other family)
- A property you don’t live near (out of state, out of area)
And the big question becomes:
“What should I do with this home?”
The good news is…
You have options.
Watch this quick video to understand your options when inheriting a house in Hilliard Ohio…
What Happens When You Inherit A House?
Before you can sell…
You may need to:
- Go through probate
- Transfer ownership
- Resolve any debts or liens
It can be a bit challenging and confusing. Sometimes even frustrating. We speak to people almost everyday in all different stages of the probate process and can assist you wherever you’re currently at.
Once that process is complete…
You can decide what to do next. Here are your options:
Your Options For An Inherited Property
1. Keep The Property
You can keep it…
But expect:
- Maintenance
- Taxes
- Ongoing responsibility
This is rare but occasionally we come across people who inherited a house that actually want to keep the house as a rental / investment property. If you’re planning on keeping the house, I suggest working with professional contractors and a professional property manager.
When a lot of people realize the costs involved with fixing and managing a house they realize that selling the property will actually serve them better.
2. List It On The Market
This may work…
But many inherited homes:
- Need repairs
- Are outdated
- Require cleanup
When you list the house you will be paying commissions to the real estate agent that lists the house for you. This is cost coming right off of your bottom line and right out of your pocket. Also, the buyers that are shopping for houses with real estate agents are typically using a traditional type of loan for the purchase. This means they are using a bank/mortgage which will usually require intrusive inspections, appraisals, and other hoops for you to jump through. A bank/mortgage lender can kill your deal and end up wasting your time. Time is money because every day that goes by where you haven’t sold is another day you’re paying for property taxes, insurance, utilities, etc.
3. Sell It As-Is
Many homeowners choose to sell their house as-is in Hilliard Ohio instead of dealing with repairs and cleanup.
Why Many Inherited Homes Are Sold As-Is
Inherited properties often come with:
- Deferred maintenance
- Personal belongings
- Outdated systems
Trying to fix everything can be time-consuming and expensive. Not to mention, we have found that a home seller is going to net the same amount or more by selling the house as-is rather than coming out of pocket to fix the house, holding the house for an extended amount of time accumulating expenses, etc. Selling the house as-is will allow you to move on with the path of least resistance. No contractors, no handymen, no money out of pocket.
Multiple Heirs? What To Know
If more than one person inherited the property:
- Everyone must agree
- Communication is key
- The process can take time
In my experience, there is typically one person (heir) that is involved more so than the other heirs. This person is really taking the reigns of the situation and moving everything forward. That person is more than likely you if you’re reading this article. I know it can be tough sometimes when it feels like the workload isn’t being handled fairly… like you feel like you’re carrying the brunt of this.
Let us help you take some of the burden of all of this off of your plate. You’re doing a great job and we’re going to help get this to the finish line!
In some cases, major life changes like divorce can also complicate inherited property decisions, and some owners begin researching how to sell a house during divorce in Hilliard Ohio to simplify the situation.
Financial Pressure & Inherited Property
Sometimes inherited homes come with financial responsibilities…
Property taxes, maintenance, or even an existing mortgage.
Recently I worked with a woman who inherited a house from her mother and there was a debt owed to Medicade. This presented a challenge because we had to get down to the root of the debt, find out exactly what was owed, etc. We were able to do all of this for the seller and the good news is that at the closing, the entire debt was paid in full.
In those cases, homeowners may find themselves behind on mortgage payments in Hilliard Ohio, which makes taking action more urgent.
How Our Process Works
We keep things simple:
Step 1: Reach out to us HERE or call / text us at 614-300-5151
Step 2: We review the property… if you prefer, you can send us pics
Step 3: You receive a fair cash offer… no games, no haggling
Step 4: You choose your closing date… fast or flexible. Your choice
No pressure… no obligations… no surprises.
Get A Cash Offer For Your Inherited House
If you’re ready to move on from an inherited property…
We can help.
👉 Call or text 614-300-5151
👉 Or fill out the form HERE
Or learn more about how we buy houses in Hilliard Ohio
Check out what other sellers are saying about us (video below)
