Sell Inherited Property in Littleton
Selling a house isn’t simple, but it can get even more challenging when you sell inherited property in Littleton.
Since you inherited the property and haven’t been living there, you may have a lot to deal with before actually listing the property ready for sale. The first thing you will have to do is walk through the house and try to identify any areas that need to be repaired, repainted, if the lawn outside needs trimming and so on. Being that it is an inherited property, you probably don’t know what’s working perfectly and what is not, which also means that you may have to hire a professional inspector to inspect the home and identify all the problems that need your attention before selling the property to willing buyers.
When you sell inherited property in Littleton it’s not the same as selling property you own personally. Due to the many things involved, many people who end up with inherited property will usually decide to sell it “as is”. This not only saves them the time they would have used to inspect the property, but also the money that would have been pumped into repairs, maintenance, and upgrades aimed at preparing the property for a potential takeover.
So, what exactly is an as-is property?
When you sell an inherited house in as-is condition, it means that the house is sold without pumping time and money into sprucing up the property so as to attract potential buyers. Rather, sellers literally do nothing to the house and instead, they simply put it on the market and wait for someone to make an offer.
One thing that attracts smart buyers to as is property is the possibility of landing a house, for instance, on a bargain. Since the house is probably in a poor state, the seller will not demand a huge amount of money from the sale, especially since the buyer must work on the property first before they can put it into any form of productive use.
As noted, most people who have inherited property they don’t want to keep end up selling it as is because they don’t want to spend on the same in the name of adding value to the final price. No matter the reason behind selling of property as is, it’s not an easy task to pull through. However, if you can take into account some of these tips, you might just be able to close the sale in the shortest time possible, probably less than a week.
Listing a property as is
When you decide that you want to sell inherited property Littleton as is, you need to be smart with your listing. Make sure that this information is mentioned clearly in your listing. As noted earlier, such houses will usually attract people hunting for bargain buys and putting this information in the listing makes it easier for them to locate it. In addition, you will also help save your time since not everyone hunting for a house will try to contact you, instead, only those looking to buy the property as is will be available to make offers.
What to disclose
Even though you are selling the property as is, it doesn’t mean you shouldn’t disclose any known defects of the house to the buyer. Once you get an offer, be sure to include any needed details so that the buyer knows exactly what they are dealing with here.
Since we are dealing with inherited property, chances are that you know little about the defects of the property in question. In such cases, you may fill out a disclaimer stating that you know nothing about any defects the house might have.
Buyers will still inspect the property
When you sell inherited property “as is”, even though it means that the seller isn’t responsible for fixing anything, it doesn’t mean that the buyer won’t inspect the house just so as to be sure of a few things here and there. The inspection might uncover something the buyer doesn’t like, which could be the end of the deal, but you can always negotiate for new terms based on the said defect.
Denver Property Flip
At Denver Property Flip, we buy property “as is” and make the cash payment in less than one week. Yes, we will make you an all-cash offer and in just 5 days, the money will be in your bank account.