Inherited Homes Archives - Page 2 of 2

Downsizing Guide: Save Money, Time, and Stress

November 27, 2023

Downsizing your house or condo has numerous benefits. Between the saved time, money, and stress, living in a smaller home is proving to be the better choice for many Kansas City Metro homeowners. Downsizing Guide: What the Tucker’s Have Learned from Experience Here in our guide to downsizing, we explore why more and more people are choosing to downsize and then how to actually DO IT. As Kim and Don here at kcmoHomeBuyer have gotten older and their kids moved on to their own homes, we have downsized ourselves, 3 times. Plus we have helped our parents can countless home sellers do the same. Why Downsizing Makes a Lot of Sense There are many reasons why downsizing makes a lot of sense. Here are just a few benefits that come with downsizing! You Will Save Money! Moving to a smaller house can save you thousands of dollars. You will likely

Inherited Property and When it Can Be Sold During the Probate Process in Lees Summit

November 27, 2023

We have sellers who call us with a lot of different questions about an inherited property. In another post, we discussed what probate is and when a property might need to go through probate. Today we would like to look at what the probate process looks like when you have inherited a property and when can a house in probate be sold. Selling a House During the Probate Process Please note that this is general information we have learned over the years. We highly recommend reaching out to a local probate attorney for more information on your specific situation. Name an Executor First, an Executor needs to be named. This will usually be defined in a will. If there is no will the court will appoint an administrator for the estate. In some cases, we see this is also the attorney handling the probate for the estate. Duties of the

What Can Go Wrong When You Inherit a House in Blue Springs

November 27, 2023

Have you recently inherited a house . . or maybe you anticipate doing so soon? You may not be ready to make the decisions and deal with the family issues that might come up.

Get Help Selling an Inherited Home in Overland Park

November 7, 2023

It can be tough when a loved one passes away and you are left with cleaning up their affairs.Jeanie T was in that situation a few months ago. She was able to Get Help Selling an Inherited Overland Park Home. Is selling to a cash buyer when you inherited a home in Overland Park right for you? Will it save you time and money? In this post, we will review how a recent transaction worked for a nice lady who had just inherited her father’s Home in Overland Park. kcmoHomeBuyer, purchases an Inherited Overland Park Home. Jeanie’s father had passed away with no will. She had to go to the court so they would name her administrator and after, that she didn’t know who to call or what to do. While doing a little research online, she found kcmoHomeBuyer and found our tips: – Cleaning out the house . . . or not–

What Can Go Wrong When You Inherit a House in Missouri

November 7, 2023

If you’ve suddenly inherited a house, you may not be prepared for the questions and issues that can arise. And if you make the wrong decisions, you will likely encounter financial, emotional, and family problems before long. Forewarned is forearmed, they say, so here’s some of what can go wrong when you inherit a house in Missouri. What Can Go Wrong When You Inherit a House in Missouri You May Owe More Taxes than Anticipated Most people don’t have to worry about estate tax because of the very high exemption (in the millions), and the estate tax was even temporarily suspended on 2010. But also mostly suspended in 2010 was the step-up provision. So in considering what can go wrong when you inherit a house in Missouri and when you intend to sell it, you need to consider the stepped-up capital gains situation. The step-up provides that you pay capital

I Inherited Rental Property In Kansas City, What Should I Do?

April 23, 2019

Selling an inherited house in Kansas City can be tough in any situation. We get it. Here at kcmoHomeBuyer, we have had to help our family through the process with our mother’s home. There is the grieving process and at the same time, you are living through many old memories as you sift through belongings, find homes for keepsakes, and hold estate sales. And then you have a whole house to maintain and sell. Selling Inherited Rental Property But when you inherited not only your parent’s home but also multiple rental properties, this can make the process even harder. In this situation, you not only have a house, but you also need to learn how to manage tenants and run a business, all within the confines of local rules and regulations that go along with owning rental property. And if you don’t want to keep them, you have to navigate