If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for tips on Selling an Inherited House in Roanoke VA
Inheriting a house can be a bittersweet experience. While it’s nice to have a property to call your own, it can also be a burden if you’re not prepared to take on the responsibility of owning and maintaining it. If you’ve inherited a house in Roanoke, VA, and are looking to sell it, there are some things you should know. In this article, we’ll discuss how to sell an inherited house in Roanoke, VA.
Tip #1: Determine the value of the property
The first step in selling an inherited house is to determine its value. This can be done by hiring an appraiser or by working with a real estate agent who can provide a comparative market analysis.
A comparative market analysis commonly known as a CMA helps professionals to determine home values in Roanoke VA. This is done by the comparing the sales price of similar properties located near yours. If the comparable properties surrounding the home have features that the property is lacking, these predetermined values would be deducted from the average selling price of the most likely properties. Understanding the value of the property is crucial when it comes to setting a price and marketing the property to potential buyers.
If you would like to have a CMA of your Lynchburg VA home please call us at 540-596-5030 to schedule a time.
Tip #2: Decide whether to make repairs or sell as-is
Once you know the value of the property, you’ll need to decide whether to make repairs or sell it as-is. If the property is in good condition and doesn’t require any major repairs, you may be able to sell it quickly and easily. However, if the property requires significant repairs or renovations, you may need to invest time and money into fixing it up before selling it.
Saving money on preparing the home for showings and marketing costs is a great reason to sell your house as-is in Roanoke to an experienced professional cash buyer like us at Linken Investments.com. Call us at 540-596-5030 to learn more.
Tip #3: Determine the tax implications
Selling an inherited house can have tax implications, so it’s important to consult with a tax professional to understand your obligations. In most cases, you’ll be responsible for paying capital gains tax on any profit you make from the sale of the property. However, if you sell the property for less than its fair market value, you may be able to avoid paying taxes on the sale.
Consider selling to an investor
If you’re looking to sell the inherited house quickly and don’t want to deal with the hassle of repairs or marketing the property to potential buyers, you may want to consider selling to an investor. Real estate investors like Linken Investments can offer cash for your property, often within a short period of time. Why not bypass all the work and cost of Selling an inherited house in Roanoke, VA and instead get in touch with us today about selling your property to us here at Linken Investments LLC.? Just call us at 540-596-5030 or click here and enter your information in the form.
Summary
Selling an inherited house in Roanoke, VA can be a complex process, but with the right guidance and support, it can also be a relatively simple one. By understanding the value of the property, considering repairs or selling as-is, and working with a real estate agent or investor, you can sell the property quickly and easily, and move on to the next chapter of your life.
Why not bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Linken Investments LLC.? Just call us at 540-596-5030 or click here and enter your information in the form.
An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to Sell an Inherited House in Roanoke VA
Linken Investments, Roanoke’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Roanoke’s Trusted Cash Home Buyers. We have been buying houses for cash in the Roanoke area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your home on your schedule and for the highest price. We provide you a way to see all of your options in one spot, letting you choose whether you want to maximize the price of your sale by listing on the Roanoke area MLS or whether selling fast and simply is more important to you.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Roanoke area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your Roanoke home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Roanoke area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works best for you. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Roanoke house fast and get on with the next chapter in your life. We Buy Houses Roanoke VA.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 540-596-5030 or fill out the short form here today!