Understanding Probate: How to Sell an Inherited Home in Missouri AS-IS
When you inherit a house in Missouri, the process of selling it can be tricky. Emotions, memories, and financial concerns may come into play, but there are ways to make the process easier and more efficient.
Selling an inherited house AS-IS is a great option for those who want to bypass expensive repairs and complicated renovation projects. This can speed the process up and relieve some of the headache of trying to list the house with a Realtor.
This article will go over everything you need to know about selling an inherited house AS-IS for cash.
What Does Selling a House AS-IS Mean?
Selling a house AS-IS means the seller offers the property in its current condition, without making any repairs or upgrades. If you’ve inherited a house, chances are it might need some work, whether it’s due to wear and tear or lack of upkeep.
Selling AS-IS allows you to skip the hassle and expense of making the house “market ready.”
As real estate investors, we buy houses AS-IS for cash in Missouri, which means you won’t have to deal with agents, closing costs, or lengthy negotiations, allowing you to sell the house for cash quick and easy!
This can be especially helpful when you’re dealing with an inherited property that may have become a burden and other obligations you may have at the same time.
Common Reasons for Selling an Inherited Property AS-IS
There are several reasons why selling an inherited house AS-IS might be the best decision:
- Emotional Stress: Selling a home that was passed down from a loved one can be emotionally taxing. The process of fixing it up or going through extensive paperwork might add to the stress, which is why selling it as-is may seem like an easier option to just be done with the home.
- Financial Constraints: If the inherited house requires extensive repairs or renovation, the costs can add up quickly. In many cases, the seller may not have the financial resources to cover these expenses, making it more practical to sell the house in its current condition and get the money from the proceeds faster as well.
- Time Constraints: You may need to sell the inherited property quickly, especially if you are dealing with multiple heirs, debt obligations, or title issues. An AS-IS sale allows you to bypass the lengthy process of renovation or repairs and get the sale closed faster.
- Property Condition: Many inherited homes are old and may not have been properly maintained. This can lead to issues like outdated plumbing, electrical problems, or even structural damage. Selling AS-IS means you won’t have to deal with fixing these problems or worry about having inspections done on the home.
Why Should You Sell an Inherited House AS-IS in Missouri?
Avoid Repair Costs
One of the primary reasons people choose to sell an inherited house AS-IS is to avoid costly repairs. When a property has been sitting vacant or unmaintained, it may require a lot of work to get it into shape for a retail buyer. Most mortgage companies won’t lend a house that needs many repairs making a cash sale required.
Selling AS-IS eliminates the need for these repairs. As a buyer of houses AS-IS in Missouri, I’m prepared to handle all necessary repairs after purchasing, so you can walk away with selling the easy way.
Save Time and Stress
Handling an inherited property can be emotionally and mentally exhausting. There may be family disagreements, legal hurdles, or sentimental attachments to the property. By selling AS-IS, you can make the process happen quick and easy. You won’t need to manage contractors or worry about finding a realtor who can market the house effectively. It’s a quicker solution that allows you to move forward without delay and can avoid many family headaches or drama.
Avoid Real Estate Agent Fees
Real estate agents typically charge a commission of 5-6% of the sale price. Selling a house without a realtor can help you save thousands of dollars. As an investor who buys houses directly from homeowners, you don’t need to worry about agent commissions, furthermore Cash Offer Man pays for all the Closing Costs.
Thinking Ahead: How to Sell an Inherited House AS-IS in Missouri
Step 1: Determine If Selling AS-IS is the Right Choice
Before making the decision to sell your inherited house AS-IS, it’s important to assess the property’s condition and determine if this is the best fit. If the house needs significant repairs or has code violations, selling AS-IS might be a good choice to avoid costly repairs.
Alternatively, if the property is in good condition, you may want to explore traditional sale options. This will usually get you a higher price but can take longer and have be more complex.
Step 2: Get an Accurate Property Valuation
To ensure you’re getting a fair offer, it’s important to have an accurate valuation of the property. If you choose to sell AS-IS to a real estate investor, the price may be lower than if you were to sell it on the open market, but the trade-off is that you’re avoiding repairs, fees, and a long selling process.
You can use an online valuation tool, request an appraisal, or speak to a real estate investor who specializes in buying houses AS-IS. In Missouri, many investors, including myself, can provide free evaluations to show what your house is worth based on comparable sales in your neighborhood.
Step 3: Consider Your Options for Selling
When selling an inherited house, you have multiple options:
- Sell Through a Realtor: This is the traditional option where an agent lists the property on the market. However, this method can involve repair costs, commissions, and waiting for the right buyer.
- Sell Directly to a Cash Buyer (AS-IS): This is where selling to a real estate investor comes in. You can sell the property quickly, without having to do any repairs, and not have to pay agent commissions and fees.
- Sell via an Auction or Foreclosure: If the property is facing foreclosure or if the estate is in a hurry to sell, an auction may be a solution. However, this never an ideal situation for any homeowner.
Step 4: Review the Legal and Tax Implications
Inheriting property can come with some legal and tax considerations. The estate may need to go through probate, and there may be tax liabilities that affect how much you can net from the sale. It’s wise to consult with a tax professional or attorney who specializes in estate law to understand the process you will have to go through to sell the property.
For example, in Missouri, you may be subject to inheritance taxes, capital gains taxes, or property taxes, all of which can limit your profit.
Step 5: Close the Deal Quickly with a Cash Buyer
Once you’ve decided to sell, working with a real estate investor can help streamline the process. Cash buyers can typically close within a week if there are no title issues. You won’t have to wait for bank approvals, appraisals, or inspections, and you’ll be able to sell the property and move forward with your life.
As a buyer of houses AS-IS in Missouri, I’m able to offer quick, hassle-free closings and will work with you to make sure the process is as easy as possible.
Maximizing Savings: Advantages of Selling an Inherited House AS-IS for Cash
No Repairs Needed
The biggest advantage of selling an inherited house AS-IS is that you don’t have to spend money or time fixing up the property. Buyers of AS-IS homes, such as myself, are interested in the property’s potential and are prepared to take on the necessary repairs of the home.
No Realtor Fees or Commissions
When you sell through an agent, they typically charge 5-6% of the home sale price. By selling directly to a cash buyer, you can avoid this commission and keep more money in your pocket.
Fast and Simple Closing
Selling an inherited house can take months, especially if you choose to go through the traditional route with agents and buyers who require financing. Selling to a cash buyer ensures that the closing is fast—often within days—so you can move on with your life.
No Open Houses or Showings
Traditional home sales require showings, open houses, and the preparation to get the house is good condition. Home Buying companies don’t care about what the house looks like because they will be rehabbing the property anyways.
No Contingencies
Cash buyers won’t have contingencies with their offers. They will be able to sell AS-IS and not have to wait for inspections, appraisals or financing contingencies.
What to Expect When Working with a Cash Buyer in Missouri
Working with a cash buyer like me can simplify the process. Here’s what you can expect:
No Hidden Fees: There are no agent commissions, closing fees, or surprise costs. What you’re offered is what you’ll walk away with after closing.
Offer Based on Market Value: I’ll make you an offer based on the current condition and market value of the property. This is typically done after a brief inspection of the house.
Flexible Closing Date: Once you accept the offer, we can close on the property at a time that works for you. We handle all the paperwork and make sure everything is taken care of.
Conclusion: Is Selling an Inherited House AS-IS Right for You?
Selling an inherited house AS-IS can be a convenient and effective solution for many homeowners. Whether you want to avoid repairs, sell quickly, or simply move on from a property that no longer serves you, an AS-IS sale can help you achieve your goals. If you’re looking for a fast, hassle-free sale, working with a real estate investor who buys houses in any condition may be the right choice.
If you’re ready to sell your inherited property AS-IS for cash, get in touch with us today. We specialize in buying homes in any condition and can provide you with a fair, no-obligation cash offer. Contact us now to learn more about how we can help you sell your inherited house quickly and efficiently.
Simplifying The Process: Final Thoughts on Selling an Inherited House AS-IS in Missouri
Selling an inherited house AS-IS can be the best solution for those looking to avoid costly repairs, lengthy negotiations, and realtor fees. By working with a real estate investor, you can sell your house quickly and get the process over faster than listing your home. Whether you’re dealing with probate issues, emotional attachments, or just need to sell quickly, selling AS-IS is a great option to consider.
If you’re looking to sell your inherited house for cash in Missouri, We’re here to help. Contact us today for a free, no-obligation cash offer, and let’s get the process started.
These findings apply across Missouri, including areas in and around Jennings, Castle Point, O’fallon, Florissant, Hazelwood, Ferguson, Troy, Warrenton, and Mehlville.
If you need further assistance, please get in touch with us at (314) 912-4939. visit our website, to learn more about our company.
Get An Offer Today, Sell In A Matter Of Days
We buy houses across Missouri. If you need to sell your house fast, we promise to make you a fair, no-obligation, no-hassle offer. Take it or leave it. You’ve got nothing to lose. Still have questions? Contacting us could be the best decision you make all week! 🙂 (314) 912-4939
Additional Resources to sell your house in St. Louis
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