Need to sell an Inherited House Fast? When you inherit a house and you want to sell it, there are two ways to go.  You can sell fast to an investor or you can take your time and list it with a Realtor. Ok, there is a third option, keep it. First of all, please note that if the estate is going through probate, you do not always have to wait for the whole probate process to be completed.  You can often sell the house and the cash proceeds from the sale can go through probate depending on the value of the home, the court may need an appraisal. But back to Investor or Realtor. Payments: The Investor buyer is either going to offer you an all-cash transaction that pays you all cash on the day of your choice or you might get a slightly higher offer price that would

Do you know where Mom and Dad kept their stash? If you inherit a house, here’s where to look. We buy houses and we find all kinds of things in houses that get left behind. There was the little entry table in Lee’s Summit that had a bag of weed tucked up behind the drawer that fell out when we picked it up. There have been multiple guns tucked up above rafters and behind beams in basements and attics. We have heard of a friend who bought a hoarder house in Kansas City and when they cleared out the 2nd floor, they found a door that went to a whole other floor with 2 more bedrooms and a bathroom that no one knew about. And in that same house as they went through all the stuff with a fine-tooth comb they found a piece of jewelry worth more than the

Often, homeowners leave their house to beloved family or friends with the best intentions. Other times, the house gets left to whoever the court says gets it. While it may seem like a windfall when you find out that someone has inherited property, the realities are not always so wonderful. It can be beneficial to understand the problems that could arise for those who get the house, so read on as we explore the five downfalls of inheriting a house. Distance If you live across the country, distance can cause issues when you’re inheriting a house in Kansas City. We have seen many executors of estates who live out of the area who have to take several weeks off from work, sometimes multiple times to fly into Kansas City and deal with the house. Cleaning it out takes time, getting it ready to sell takes time, and dealing with other

First, we’re so sorry for your loss. When you have inherited a house, it can be a very challenging time for many reasons, and dealing with an extra property is tough at the best of times. You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it? You have options and we can help. We’re seasoned investors in [market_city] real estate, and we’re looking to buy several houses each month in the [market_city] [state] area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process. I Inherited A House, What To Do Next? Here are a few important considerations to help you make the right decision: Before You Do Anything, consult with your insurance provider. We

While inheriting a home can be quite a roller coaster ride. On one hand, you are probably sad at the passing of the owner of the home. On the other hand, you might be overwhelmed with getting an extra house and all the stuff that goes along with it: mortgage, taxes, insurance, and upkeep. So you might consider selling and you might be wondering just what are the tax consequences when selling an inherited house. Just what are the tax laws and will they make a bitter-sweet inheritance a huge tax burden? Tax Consequences When Selling an Inherited House What is Your Tax Basis In the House? When you inherit a house, the value of the property at the time of the previous owner’s passing becomes your “basis” for tax purposes. This initial value plays a significant role in determining the taxable gain (or loss) when you eventually sell the