Struggling As To What To Do With Your Inherited Property?

Name: FasterHouse LLC
Address: 3320 Rue Royal, St Charles, MO, 63301
Telephone: 314-926-0660

Inherited property can be blessing and/or a curse. For some the thought of dealing with a loved one's house is overwhelming. Do you spend the months of time and money to fixed it up for the retail real estate market OR do you just sell that inherited home as is? This decision is compounded when multiple people are involved whether they are local or in many different areas of the country. Here are articles and real life stories of others in your exact situation...

How to Sell Your Home Fast for Cash [Mega Guide]

Sometimes life throws us a curveball and we have to react quickly to avoid letting it turn our whole life upside down. Maybe you got a new job in another state or you inherited an unwanted house and you need to get rid of it quickly. Whatever the reason, selling your home for cash can be a great way to get your money fast.

There are several things you can do to help sell your home fast for cash. Read on to discover top tips and tricks for making your real estate sale go as quickly, stressless, and easily as possible. We cover traditional ways to sell your home and unconventional ways to get cash for your home fast.

What Is Selling For Cash?

Before we dive into how you can sell your home fast for cash, let’s talk some about what selling for cash means? Many people may imagine that selling a home for cash is somewhat the equivalent of pawning your house.

But in fact, selling for cash simply means that your buyer is paying for the house out of their own funds, rather than working through a lender.

There are two types of buyers who generally purchase houses for cash. The first is private buyers who have saved up a large sum of money and who want to avoid paying interest on a loan. The other is real estate investors who don’t want to manage the hassle of a mortgage.

Common “Sell Home Fast” Situations

Costly Repairs Are Needed

Sometimes a house needs so many repairs or the repairs are so costly that it seems like there is no chance the home will sell, let alone sell fast.

Homeowners can fall into despair for all sorts of reasons.

Some of the big reasons? Maybe the house is full of unwanted items. Perhaps it has major mold issues? It could have asbestos removal issues. The foundation or the basement could have major leaks that have to be rectified. The roof could be due for an expensive replacement. Perhaps fire damage has made cleaning and repairing the home a time-consuming and expensive process?

No matter the cause, there are still ways to sell homes like this fast for cash.

Inherited Homes

In some cases, receiving a house as an inheritance could be a great thing. Perhaps you do not already own your home, or the home you are inheriting is the one you grew up in and you want to restore your memories by moving back in. Or maybe it’s simply larger or nicer than your current residence.

But there are many other instances in which receiving an inherited house might not be ideal. If you already own a home you are happy in, receiving another home via inheritance may be a bit of a burden. Maybe you live outside of St. Louis, so inheriting a home in St. Louis is inconvenient. Or it could be that you want to sell an inherited home to offset the taxes that come with it.

So the answer to whether you should sell a home you have inherited is dependent on your personal situation. Is the home or the cash you could get for it a better fit for you personally?

Foreclosures

Foreclosures are an unfortunate reality of the home-buying process. A home buyer may be well-qualified and well-equipped to purchase a home at the time they are filling out their loan paperwork, but life can throw many unforeseen twists and turns your way.

Life events are probably the most common cause of foreclosure, with these being some of the most frequently cited reasons:

Probate

Dealing with a probate situation can be one of the most stressful ordeals a person can go through. Probate can last anywhere from six months to a year. During that time, you may wind up paying for bills related to the home, ranging from the mortgage itself to insurance to upkeep costs out of your Probate Houseown pocket. It can also be stressful in that family members may disagree on how money and possessions should be distributed. When dealing with a probate house in St Louis, you may find that the best option is to obtain cash quickly through an as-is sale.

Rental Homes

Renting a home out can be a helpful source of income, but it can also be a serious cause of stress. Finding the right tenants and retaining them once you have them is no easy task. If major repairs are needed, you as the homeowner will be on the hook for covering them. And it’s one extra area to address when filing taxes each year. So if the stress of renting out a home is outweighing the financial benefits that come with it, you may want to consider selling it.

Benefits of Selling Your House For Cash

There are a number of benefits to selling your house for cash, rather than going through the traditional channels. First of all, selling your house for cash enables the sale to move much more quickly. You don’t have to wait for your buyer to get a mortgage processed before you close, meaning you get money in hand much sooner.

Selling a house for cash also often comes with the understanding that the house is being sold as-is. Because these sales don’t have to go through lenders, you may not have to worry about the house being up to code, and many investors may actually expect that your home will need some work.

You can avoid costly and involved repairs and get your home sold ASAP.

Selling Through an Agent

When you get ready to sell your house, whether traditionally or for cash, you have a few different options for how you want to sell it. One of the most popular choices among homeowners is selling through an agent. You pay a real estate agent a commission (usually a percent of your home’s sale price) to help you navigate the confusing world of real estate sales.

Your real estate agent will be able to advise you on everything from how to stage your house to which offers to accept. They can help manage paperwork, handle pricing negotiations, and arrange for inspections. Going this route usually means less stress for you, though it does take a chunk out of the proceeds from your home.

Selling on Your Own

If you want to keep as much profit from your home as possible, you can also opt to sell the home on your own. This method, called for sale by owner (or FSBO) puts you at the helm of your home sale. You don’t have to pay a real estate agent a commission, and you can be directly involved in all negotiations.

Selling to an Investor

Your third option for selling your home is to avoid the listing process altogether and sell to an investor. Real estate can be a valuable investment opportunity, and there are a lot of people in the market for these sorts of investments. HGTV has brought on a whole new wave of people looking to flip homes for a profit, or investors looking to rent the home out.

If you sell to an investor, you’ll still have to go through most of the paperwork for a real estate transaction, but you’ll be able to skip the listing process. You’ll negotiate a price and contingencies on the sale directly with the seller, and the two of you will decide what inspections, if any, need to happen.

Depending on their motivations, an investor may be willing to buy a house sight unseen if it’s in the right location or if the price is good enough.

Get Rid of Clutter

One of the first items on your to-do list is to improve your home’s visual appeal. The nicer your house looks, the more money you’ll be able to get for it. This applies whether you’re selling to an individual or an investor. One of the easiest steps in making your house look nice is to get rid of any and all clutter.

Even if you keep your home clean, you likely have areas that gather things, such as kitchen counters, coffee tables, and bedside tables. Pack away any items sitting on these surfaces, as well as any personal wall décor. Clean out your closets, take down family pictures, clear off kitchen counters, and pack away any shoe racks or coat hangers you may have in your house.

Make Quick Repairs

Once you’ve gotten the clutter out of the way, it will be time for you to start making small repairs to your house. In many cases, it’s a good idea to paint your house in neutral colors – light grays, whites, and soft beiges are best. This will make your home feel like a blank canvas for any interested buyers to make their own.

You should also take care of any problems with the house that are quick and easy to fix. Repair outlets that don’t work, replace doorknobs that won’t turn or lock, and patch holes in the walls. You don’t have to dive into remodeling a bathroom or replacing kitchen cabinets, but try to address as many small problems as possible.

Stage Your Home

With your home decluttered, painted, and repaired, it will be time to start staging. Staging is the process of setting your home up so it looks as beautiful as possible. Which selling method you’re planning to use will determine how in-depth you need to go with your staging.

If you’re planning to sell to an investor, cleaning your home thoroughly should be adequate. But if you’re planning to list your house for sale, you may consider getting it professionally cleaned and staged. Professional staging companies will bring in neutral, stylish furniture and arrange it so your house looks like something out of a magazine.

Up Curb Appeal

When you’re preparing your home for sale, it’s important that you don’t forget about the outside. Your front yard and entrance are the first things people will see when they come to tour the house. Improving your curb appeal can give a better impression of your home and may raise the price.

If you have flowerbeds in your front yard, clean out any weeds, put down mulch, and consider planting some seasonal blooms. Sweep off any sidewalks or driveways, and, if you want to go the extra mile, pressure wash them. Be sure there’s no clutter on your porch or in your yard, keep your grass mowed, replace any worn-out mailboxes, and sweep out any cobwebs.

Time Your Sale

With your house clean and pristine, the next thing you’ll need to do is figure out the timing for your house sale. Like any market, the real estate industry has peak times and slow times. Selling during a peak season can help you get great terms to sell your home fast.

In general, you want to aim to list your home for sale sometime in the spring – May is the best month, if possible. You may also want to list your home on a Saturday, when more people are searching for real estate listings. It’s a good idea to check your local market to figure out exactly when the peak times to list are.

Priced to Sell

If you’re wanting to make sure your home sells as quickly as possible, it’s important to get the price point right. Of course, you’ll want to get as much money from your home as possible. But pricing it a little lower will make investors and private buyers alike jump to get such a good deal on a home.

If you haven’t gotten your home appraised recently, you may consider having that done so you have a good sense of what it’s worth. Then, if you want your home to sell fast, price it about 20 percent lower than the appraisal price. This will give buyers a solid amount of equity in your home and will ensure that it moves quickly.

Hire a Professional Photographer

When you’re listing your home, you’ll want to include pictures to draw in potential buyers. These pictures will be the very first thing anyone sees about your home, so you need to make sure they’re as flattering as possible. It may be a good idea to hire a professional photographer, especially if you’re selling your home on your own.

Not only does a professional photographer have access to premium equipment and lighting, but they also have experience making spaces look as beautiful as possible. They’ll be able to find angles that make your rooms look larger than life and lighting that makes them glow. These pictures will also be high-resolution, which means you won’t have blurry photos driving away buyers on your listing.

Write a Strong Listing Description

After your photographs, your listing description will be the second-most important part of your listing. This is where you’ll have an opportunity to sell buyers on the charm of your house. The photos give them information about what the house looks like; your description will show them what it feels like to live there.

Be sure to keep your sentences short, direct, and descriptive when you’re writing this description. Use plenty of positive adjectives, and highlight the best features of your home, such as your clawfoot tub or the newly renovated kitchen. Also, try to inject a sense of urgency into your description, so buyers feel like they need to act now to get this amazing house.

Hold an Open House

Once your listing goes live, one of the best ways to draw in potential buyers is to hold an open house. An open house gives buyers who may not be completely sure about your home a chance to come see it for themselves. It’s a little more relaxed than a private tour, and buyers may feel more free to be frank in their evaluations of the house.

Make sure you advertise your open house as widely as possible, including putting up posts on social media and in relevant Facebook groups. Set out refreshments for visitors, and print out copies of your listing, complete with information about the square footage of the house, and so on. Be sure to include contact information for either yourself or your realtor, so interested parties can get in touch with you later.

Sell Your Home Fast For Cash

Selling your home fast for cash can be a great way to simplify the real estate transaction process. Decide how you want to sell your home, and then do some work to make it beautiful. Set the price low enough to entice buyers, and host an open house to draw them in.

If you’d like to sell your home fast for cash, check out the rest of our site at FasterHouse. We buy houses as-is in any condition and can close on your timeline. Get a fast offer today, and discover why we’ve been the trusted St. Louis home buyer since 2002.

Take Your Open House to the Next Level

We mentioned earlier that you should host an open house, but depending on the market, it can be hard to get your house to stand out. In a seller’s market like this, your area may be hosting dozens of open houses each weekend. How do you convince potential buyers to come to your open house instead of all those other options?

There are a few ways to take your open house to the next level. Consider throwing a full-fledged pool party, hiring a clown, renting a bounce house, hosting a cooking class, or bringing in live music. You could also ask an ice cream or snow cone truck to come park in front of your house, drawing in your neighbors and any passersby who want a delicious, cool summer treat.

List Your Home Social Media

One great way to get more traffic for your home listing is to use the power of social media. Nearly 70 percent of American adults have a Facebook page, and another 37 percent use Instagram. You’ll be hard-pressed to find a larger pool of potential buyers in one collected place than on these social media pages.

Post your house listing on Facebook Marketplace under the homes for sale category. You may also want to check for local pages focusing on selling, buying, and renting homes. This will help you target people in your area and people who are looking at moving to your area in your listing.

Talk to a Large Local Business

Another unconventional way to move your house sale along faster is to talk to a large local business. If you have a large manufacturing plant, university, or other company in your area, reach out to their public relations department. Let them know about your house listing, when your open house is scheduled for, and how they can contact you.

While these companies likely won’t be interested in buying your house, there’s a good chance that they’re moving new employees into the area. These employees may need housing, and the company might appreciate the opportunity to pass along the tip about your house. This could generate more traffic and get your house sold quicker.

Get Creative with Your Listing

Too often, house listings are the same basic format: a just-the-facts-ma’am approach with a few generic pictures and nothing more. But as you’ll know if you’ve ever looked at buying a house, these listings can start to blur together over time. If you want to make an impression on potential buyers, it’s a good idea to get creative with your listing.

Consider writing down the story of your house, some of your favorite moments in it, and any quirks it has in your listing. Have some fun with the pictures, perhaps hiding the same item in every picture or telling a story through the listing photos. Anything you can do that will make your house stand out will help you sell it faster.

Livestream a Tour

COVID-19 has made a number of normal life events more challenging, and house selling is no exception. Scheduling home tours has become a much more fraught prospect. Even as vaccines continue to roll out, many people may not feel comfortable going to a stranger’s house for a home tour.

Solve this problem and broaden your audience for tours by live streaming a tour of your house. You can do this on Facebook Live, which may give you the best opportunity for broad views, or through Snapchat. Make sure you announce your live stream ahead of time and send invitations to any especially interested parties.

Auction Your House

In addition to the home selling options we discussed earlier, you can also go a few other routes to sell your home. One possibility is to auction your home at a real estate auction in your area. While these have been traditionally used to get rid of foreclosed homes, they also make a great option for people looking to move their home quickly and make a lot of money. Selling your home for cash to FasterHouse is another realistic option to avoid foreclosure.

If you plan to sell your house at auction, it’s a good idea to attend a local property auction in your area to see what they’re all about. Then do some research on the auctioneers to determine who will have the most experience. You may also want to decide on an opening bid price that’s enough to get people’s interest without being so low as to strip you of any profits.

Auction Your House Online

If going through the hassle of a physical auction doesn’t appeal to you, why not do it online? Online auction websites like eBay have become enormously popular as a way to buy and sell anything from electronics to antiques to cars. But in recent years, this market has also expanded to include online real estate auction options.

If you plan to sell your home through eBay, you need to have a solid idea of what your comps are like. EBay will allow you to set a certain price that must be met before the property will sell. Once the listing is over, you could do the final legal closing on your house in as little as a week.

Trade Your House

You may have heard stories about the people who are on a mission to trade a paperclip for a house. This system involves trading items for very slightly more valuable things – a paperclip for a mechanical pencil, the pencil for a fork, the fork for a coffee mug, and so on until you have a house. You could get in on this action by trading your house for another house or something equally valuable.

If you agree to trade houses with another seller, you could avoid a lot of real estate transaction costs. But you will still have to do a full traditional closing before the deal will really be sealed. It’s also a very good idea to get these homes thoroughly inspected before you agree to the trade to be sure you know what you’re getting.

Raffle Your House

If you want to get even crazier with your home sales options, why not consider a raffle? People love a good contest, and what better grand prize could you offer than a whole house? Many homeowners do this as a way to raise money for a non-profit, but you can do this as a private homeowner, too, if you’re willing to take on the risk.

Essentially, your goal is to sell enough raffle tickets that you make the same amount of money you would off the sale of your house. The trick is getting enough ticket sales; too few sales and you’ll be forced to let your home go for a much lower amount of money. You can set a stipulation that a certain number of tickets must sell before you’ll draw a winner, but if you cancel the raffle, you’ll have to refund everyone’s money.

Sell to a Friend or Family Member

If you have a loved one who’s moving soon, why not set up a home sale that will benefit both of you? Your loved one can get a home they know the history of, possibly for a very good deal. And you can avoid some realtor’s fees and shorten your home-buying process a ton, not to mention knowing your home will be in good hands.

If you plan to sell to a friend or family member, talk to your realtor and see if they’d be willing to waive your seller’s commission fee. Since you found the customer, they don’t have to do all the work of listing, advertising, and showing your house. They may be able to give you a discount on fees since the transaction requires less work from them to close.

Sell to a Market

If your priority is to move your home fast and you don’t really care about getting the highest amount of money for it, you might consider selling your home to a market. One of their biggest advantages is that they can get you through the closing process very quickly. They can pay cash, and they know the ins and outs of the entire closing rigamarole.

Of course, you have to keep in mind that real estate markets like this exist to flip houses and make money off them. You may not get the most amount of money possible for your house, since your priority in the transaction will be to move things along quickly. However, this is a fantastic option for people whose houses may not be fully ready for market when they need to sell.

Set Up Owner Financing

If you have your house paid off in full, one great way to entice in potential buyers is to offer owner financing. In effect, this means that your buyer will not have to go through a bank to finance the loan to purchase your house. Instead, they’ll pay you the money over the next fifteen to thirty years, along with a healthy portion of interest.

It is important to note that this is not a good option if you don’t have your house paid off in full. If your buyer doesn’t have the money to pay their mortgage, you could be stuck covering a mortgage with no additional income. But if you own your house free and clear, this can be a great way for you to make some extra money from interest.

Rent with an Option

Sometimes, a potential buyer may be very interested in your home, but they may not have what they need to close the deal immediately. Or maybe they want to make sure this house is right for them before they commit to buying it. In either scenario, a rent-to-own option can be a great way to start making money off your house faster.

In a rent with an option scenario, you agree to rent your home to a tenant with the idea that, after a certain period of time, they’ll have the option to buy the house. The money they’ve been paying in rent can go towards the eventual cost of the home. Not only does this lower their purchase price, but it also gives them time to save up a down payment or make other financial arrangements for the purchase.

COVID-19 Pandemic Housing Market

Selling Your Home in 2020, 2021, and 2022

In 2020, there were 5.64 million homes sold, and yes, that happened during a pandemic. For some people, homes are selling fast. That’s not the case for everyone though. Are you someone that’s looking to slap a sold sign in front of your house and move on to your next place?

There’s no need to panic because we’ve got some tips to sell your home fast. This means you won’t have to wait around for months before someone becomes interested in your property.

Are you ready to start over fresh someplace else? If so, read on and get ready to sell your home for fast cash.

What Selling Strategy Will You Use?

Selling a home doesn’t mean putting a for sale sign in the yard and hoping people come knocking on your door. It’s essential to have a strategy that will help you sell your home fast.

For example, if you’ve got the time to go through the process, you might want to sell your home yourself. But, if you’d rather leave that to someone else, it would be beneficial to hire a real estate agent to handle the selling of your property.

You can bypass both of these options if you find a company that purchases homes. This means you don’t have to wait around waiting for someone to express interest in your home.

Clean the House

After you’ve put your home up for sale, people will want to tour the property at some point. They’ll want to see what they’re purchasing in person.

For this reason, you need to take some time to clean your house and ensure it’s presentable. Nothing is worse for a potential buyer than seeing how the home looks in photos and arriving to see it dirty and in disrepair.

For example, if the garage is a crucial selling point for their home, you’ll want to ensure it’s picked up. If possible, you might want to look into ways to seal any noticeable cracks in the garage foundation as well.

Remove Personal Items

When you find the house of your dreams, it’s hard to picture yourself living in it if the previous owner leaves their personal items behind. You need to present a clean slate for potential buyers to view, allowing their imaginations to run wild.

Think of the home as a territory; in the wild other animals might approach and become intimidated. The same applies to potential buyers; if your personal items are still in the home, they might feel like they’re intruding in your space.

Instead of personal items, find some neutral art and décor to hang on the walls and throughout the house.

Declutter

Nowadays, people want homes that provide ample amount of space and open floor plans. Not every house out there will offer this, but sometimes people are willing to overlook this as long as it gives them a decent amount of space.

If you forget to clutter your home, it could make it seem smaller than it actually is. Before opening your home for tours, find a local storage place for your items.

Only keep quality furniture in the home to be used for staging. Again you’re presenting a blank palate, and the buyer is the artist that’s ready to paint.

Focus on the Yard

First impressions are essential; the yard surrounding your home is like a sneak peek into what people might find inside. With that being said, you need to take time to increase your curb appeal.

This can be done in a series of ways like:

Reworking the landscape
Adding vibrant flowers
Cutting the grass
Sometimes doing something as simple as changing the color of your front door will make a world of difference. Another thing to keep in mind when it comes to the exterior of your home is ensuring it fits within the neighborhood.

People don’t want to be ‘that house in the neighborhood’; therefore, keep the exterior of your home tidy.

Fix Necessary Things

Before putting your home on the market, make a list of repairs that need to be made. After creating this list, mark the repairs that are a top priority.

You don’t need to fix everything on your list, but things that could turn buyers away should be done. If there’s a leaky faucet in the bathroom that could lead to indoor flooding, it’s something you need to fix.

If the carpet is stained and the stain can’t be removed, you need to find a way to fix it or replace the carpet.

Think About Your Deal

If you waste time going back and forth during the negotiation, someone could choose to pull their offer altogether. Think about what you’re offering that’s going to make someone want to buy your home.

Are you willing to pay the closing costs or a percentage of it? Are you offering a home warranty to help them pay for future repairs?

Carefully think about what you’re willing to give because it’s one of the most valuable tricks for selling your home fast.

Sell Your Home the Unusual Way: Get Cash Fast

Sell My Inherited House in Saint Louis MO

We work with St. Louis-area residents who have many different reasons for selling their home, and one question we often receive is “should I sell my inherited house in St. Louis?” FasterHouse specializes in these types of home sales, so we encourage you to reach out to our local experts if you are going to sell your inherited house in St. Louis. We know it’s important to make the right decision especially given that you’re deciding what to do with the former home of a loved one.

Should you sell your inherited home?

So the answer to whether you should sell a home you have inherited is dependent on your personal situation. Is the home or the cash you could get for it a better fit for you personally?

How should you sell your inherited home?

“Should I sell my inherited house in St. Louis through a realtor or to a direct home buyer?” This is the next question you’ll need to answer once you have made the decision to sell an inherited property. As with the first question, this will depend on your own personal situation.

If selling your home received as a gift quickly is important to you, working with a direct home buyer in St. Louis like FasterHouse will be your best bet. If you choose to work with a real estate agent, you will need to go through a lengthy process that involves selecting the right realtor, fixing any areas of your home that need to be repaired, getting rid of clutter, showing your home to potential buyers, and then once finding a buyer, waiting for paperwork and closing to be completed.

If you don’t have several months to wait for that process to unfold, then selling through a real estate agent is probably not for you. However, if you choose to sell your inherited home through FasterHouse, you will enjoy a much faster stress-free process. After you schedule time for us to visit your home and discuss your goals, we will make a cash offer to you in as little as 24 hours later.

Fixing My Inherited House To Sell — Cleaning, painting, etc… who has time for that?

We’ll buy your inherited home as-is, so the time you would spend removing excess items, cleaning, painting, and repairing can all be saved – as can the expense that goes with those activities. You’ll also save money on the bills you’d have paid for the house while waiting for an agent to sell it. Who wants to pay for electricity, water, and mortgage bills for an inherited home?

Do you have other tasks related to the inheritance?

Chances are, if you have inherited a home, you may have other responsibilities and concerns related to the inheritance. You may be assisting in the execution of the will or trust, or you may be helping family members with their needs following the loss of your loved ones. And that’s not to mention your own day-to-day responsibilities as a parent, spouse, or employee. Managing an inherited house is a significant consideration, and many people often find that selling the home for cash to a home buyer like FasterHouse is the most effective option available.

If you have an inherited house in the greater St. Louis are that you would like to sell, contact FasterHouse today. We can talk to you about your options, and scheduled some time to visit the property and make a fair offer. Start the process today by fill out this form, or by calling our friendly home-buying experts at 314-926-0660.

Sell My Inherited House

I need or want to sell my inherited house. What should I do?

If you have inherited a house and are thinking about selling it, FasterHouse would like to talk with you. We work with inheritors to help them sort through their options so they can make an informed decision.

Our buyers are knowledgeable about the circumstances surrounding an inherited estate, are understanding about the sensitive nature of inheritance issues, especially if the home belonged to your parents, and will work on your preferred time schedule to settle the estate. We will help you sell your inherited house quickly and easily.

It can be easy to let estate issues linger on, especially when there are multiple inheritors who have to come to an agreement about what to do with an inherited house. A common mistake is letting the issue drag on due to inaction, which causes overhead costs to skyrocket. Inheritors don’t often think about how the bills can pile up over time to manage utilities, deal with maintenance issues, pay taxes, and other expenses.

If you are considering rehabbing the house yourself, give careful consideration to the numbers. Too often, inheritors invest their own money into painting, flooring, new kitchens and baths, updating electrical and plumbing systems, repairing foundations, replacing roofs . . . the list goes on and on. Unfortunately, inheritors don’t always recoup their investment in the sale, and find out after the fact that they wasted precious time and money on a project that didn’t earn them extra money in the end.

At FasterHouse our goal is to make the process fast and easy for you. You don’t even have to clean out the house before calling us. We have connections with trusted companies who can help, like estate sellers and non-profit charities. We refer them because we can trust them to treat you professionally and make the process easy.

One of our buyers would like to come out and give you an offer on the house for you to consider. No obligation . . . no pressure . . . just information. What do you have to lose? Call FasterHouse today at 314-926-0660.

Considerations For Inherited Property

If you have recently inherited a property, or you think that you may have an inherited property in the future, it is important to understand what your options are in regards to the home. It can actually be a much more complicated issue than many people realize. What are some of the key considerations associated with an inherited property and what you should do with it?

What are the tax considerations in my state?

If you are inheriting a home, you may be subject to an inheritance tax depending on what state you live it. New Jersey, for instance charges two taxes – an inheritance tax of 16% and an estate tax of 16%. That is quite a heavy financial burden to incur. If you live in the St. Louis or St. Charles area, however, there is good news in that the state of Missouri does not enforce an inheritance tax. So you will not need to worry about a tax being imposed on your inherited property.

Do you need the home yourself?

If you are living in an apartment or some other type of rental property, then inheriting a home might be a wonderful thing. You can move out of your rental and into a home that you now own. But what if you already own a home that you do not plan to move out of? Even if the home you are inheriting is completely paid off and does not have a mortgage associated with it, you will now have to pay homeowners insurance for two properties. You will have to maintain two properties in terms of repairs, landscaping, and other upkeep. And you will be responsible for utility costs for two homes now. This additional expense and responsibility will add up quickly.

Are you the only inheritor?

Factors like inheritance tax considerations and whether or not you already have a home are particularly important if you are the only person inheriting a property, but what if you are sharing the inheritance with siblings or someone else?

If that is the case, then you will all need to reach a consensus on what you are going to do with the home. The most likely answer will be to sell the home, because it is doubtful that the entire group will be satisfied with one person keeping it. If that is the direction you are taking, then there will be a debate regarding how to sell the home. Are you collectively in a hurry, or are you all comfortable waiting out the process?

If you are working with a real estate agent to sell the home to an individual, then there will be the matter of expenses associated with getting the home ready to sell. The agent themselves will need to get a commission, and there will be costs needed to stage the home for sale. There may also be repairs associated with the home in order to sell it. This could be as simple as paying to have the home repainted or other minor issues. Or it could be a more significant, expensive item, like repairing a roof, a driveway, or dealing with mold.

In these cases, who will cover these expenses? Is there a provision in the estate to cover them or will it come out of you and your family’s pockets?

Is the home near you?

Even though you live in the greater St. Louis area, your inherited property could be in another city or even another state altogether. In that case, everything we have discussed here thus far becomes all the more difficult, and the urgency to sell becomes even more heightened.

In many cases, it is simply better to sell the inherited property as-is. You can avoid many of the inconveniences and stressors mentioned here, such as:

Maintaining two homes
Paying utility expenses for two residences
Costs associated with repairs
Time needed to sell the home to an individual or family
Real estate agent fees

There will be no repair costs or staging expenses to worry about. And the timeline will be quick as well, providing you with fast cash for your inherited property. If you are interested in learning more about how an as-is sale can help with your inherited property, contact FasterHouse today by calling 314-926-0660 or fill out this form.

Can I Sell My House From Out of State?

Did you suddenly find yourself the owner of a house where you do not live? Is the house you own in another state? Then perhaps you are wondering “Can I sell my house from out-of-state?”

The short answer is a resounding YES; you can sell your house from out of state. There are no rules that say you have to be in the home or in the same state when you are selling. However, you may want to research your selling options, because there are some sticky issues you will want to avoid.

If you want a fast, fair, and hassle-free house sale when you are living in another state, then you should pick up the phone and call FasterHouse today. We can make the process easy for you, without the costs and stresses of a traditional house sale through a real estate agent or broker. First learn the facts then decide what is best for your situation. . .read on:

Who Sells Houses From Out Of State?

There are many reasons why a person might find themselves selling a house that is geographically distant from them. The main reasons are:

You have moved away for work
A relative has left you the home in their will
You are made the executor of an estate
A parent who lives in the house may be going into residential care
You are getting married and selling up to live elsewhere with your spouse
A family member needs caring for in their home, and you are selling yours in order to move in with them
You and your spouse are seeking a quick disposal of assets because of a peaceable divorce
You just wanted to start again somewhere new

Whatever the reason you find yourself trying to sell a home while you cannot be there, there are many things you need to consider:

The Real Estate Agent or Broker

Unless you already know a reliable real estate agent or broker, you will have to interview a number of them to ensure you are working with someone who is a good fit. Once you have found your real estate agent or broker, you will have to provide them with instructions on exactly how you would like to deal with the house. This process will not cost you any money, but it will require a considerable investment of time.

A real estate agent or broker will not charge you any upfront fees, but they are instead paid through commission on the final sale price. This commission is typically 6%, so on a $200,000 sale, you would pay your real estate agent or broker $12,000.

Remember, this cost is taken out of your sale price before you pay off any outstanding loans, etc.

Other Financial Costs

You might assume that paying a real estate agent or broker their fee is the only cost to selling your house, but you would be wrong:

Repairs

When you are selling the home you live in; you are usually advised to carry out any repairs. Dripping taps, leaking roofs, dents in the wall, they all need to be addressed before buyers can be shown around the house. If you are there, it may be possible for you to do these repairs yourself, at minimal cost, but when you are selling from afar, you have to hire somebody else to do the work for you.

House Clearance

Did you inherit a home that belonged to an elderly relative who had accumulated lots of belongings? Maybe they were a full-on hoarder. If so, you will have to pay the cost of a junk clearing company to come in and empty the house.

Decorating

Just like repairs decorating can be as cheap as a can of paint when you do it yourself. You could still take time out of your schedule and go the time, trouble, and cost of traveling to the house to decorate or you could pay someone else to do it. Either way, it will cost time, money, and effort.

Staging

Many real estate agent or brokers will advise using a staging service when you are selling your home. This might seem like a good idea, especially when you are not there to ensure your house is showing its best. However, not only will you pay the price of the professional going to your home and arranging it but you may also be on the hook for furniture rental.

Additional Costs

Even if the house you are selling is in tiptop condition, if it is on the market with nobody living in it there are still expenses, such as:

Vacant house insurance – This will generally cover the house should there be a fire, hail, wind, lightning, storm or another named event. Most basic policies do not cover frozen pipes, windows broken, or other vandalism. Nor do they include your liability if someone breaks into the home hurt themselves and decide to sue you.
Utility bills – It is possible, but not advisable, to have the utilities in an empty house disconnected.
Repairs – As time goes on and your house remains on the market repairs and maintenance may be required.
Maintenance – depending on the time of year you will need to maintain the nice appearance of the yard, with grass cutting, weeding the beds, etc.

A Question Of Time

Of course, all of this takes time. From finding a real estate agent or broker to actually have prospective buyers view your house can take weeks.

1. You have to find a real estate agent or broker you can trust and who will act according to your instructions
2. Then the house needs to be prepped for sale.
3. You wait while photographs are taken, and ads are prepared and posted.
4. Then there is the wait for a buyer who wants your house and is willing to pay a price with which you are happy.
5. Following that you have to go through the processes of surveys, title searches, home inspections, and in some cases occupancy inspections depending on the municipality.
6. You finally sell your house, hopefully before the equity is eaten up by holding costs (insurance, maintenance, and taxes).

Other Issues When You’re Selling Out-Of-State

If you are leaving a house empty for a prolonged period of time, you may be unfortunate enough to suffer vandalism of your home, or even worse, squatters. The stresses and costs of going through the legal process of evicting someone in your house illegally are enormous.

Not only that:

When you are selling your home through a real estate agent or broker, you have to think about it. All of the time. You will be calling and emailing, waiting for a sale, and hoping that the house is off of your hands before any equity has been eaten up by your costs.

You have to place all of your trust into a real estate agent or broker you might never have met in person.
There is another way:

How FasterHouse Can Help

When you contact FasterHouse, you will speak with someone who cares about you having the best possible sales experience in the shortest possible period of time. One of our expert house buyers will make an appointment, convenient for you, and after viewing the house, if you wish to sell they will make a cash offer for the purchase of your house “as-is.”

That offer could be made in as little as 24 hours.

The professionals at FasterHouse are not interested in having you decorate the home, nor do they require any expensive repairs. You do not need to visit the house to prepare for the assessment. Think of the time and effort you will save because you do not need to take time out of your busy life to travel to the house, clear any junk left behind, clean through the house, make repairs, or decorate. Plus you certainly, do not need to hire a specialist staging company or feng shui consultant!

With FasterHouse there are no real estate agent or brokers fees, no repair costs, no waiting for the other party to decide if they want to buy. Just imagine how smooth a house sale without negotiations would be. You do not have to dread that phone call to say your buyers didn’t get their loan and won’t be proceeding or, even worse, that they want you to carry out expensive repairs or drop the price.

A Quick, Easy, Stress-Free Sale

Some FasterHouse sales can be closed in as little as seven (7) days. That’s right, one week from start to finish and no waiting around for your money. An instant cash payment as soon as the sale is complete.

By selling your house directly to FasterHouse you will save not only the real estate agent and broker’s fees and additional costs of holding onto a home in another state, but you are relieved of the burden a second house can be.

If working with FasterHouse sounds like the solution for your home selling needs, call us today at 314-926-0660 or fill out this form to set up a consultation.

Selling Inherited Houses for Cash

There are many reasons that customers approach FasterHouse looking to sell their homes for cash. One common question that we receive is “How can I sell my inherited house in St. Louis?” We’re able to provide a quick, easy solution to those looking to sell inherited St. Louis area homes so that they can get fair value while focusing on other aspects of their lives.

For some people, inheriting a home can be a great thing. Perhaps they’re inheriting the home they grew up in, and they’d like to raise their own family their one day. Or maybe they have been renting a house, apartment, or condo, and this inheritance gives them the chance to own their home for the first time. In situations like those, this inheritance can be a welcome event.

But in many other circumstances, inheriting a home can be a burden that they do not want to deal with. Perhaps they own their own home that they are happy in already.

Or maybe they live in another area, so suddenly acquiring a home somewhere else is inconvenient. In those cases, cash buyers can help alleviate stress.

If you have inherited a home and plan on selling it, you might assume that going the route of selecting a real estate agent, or even trying to take a for sale by owner approach is your only option.

But that approach is one that has many steps involved, and which can often take several months to complete. There’s a good chance that if you have recently inherited a home, you may be dealing with other issues related to your loved one’s estate as well. If you are already busy with trying to manage their assets and other financial considerations, and you are trying to find time to adequately grieve your loss, then spending months prepping and selling the inherited home is something you likely do not want to deal with as well.

FasterHouse is your partner in making the process of selling an inherited house in St. Louis an easy one. Our experienced home buyers will make you a fair quote so you can feel good about the sale price of the property. And we’ll make our offer fast – within 24 hours of visiting the property.

We purchase homes as-is, so if there are repairs to be made inside or maintenance work to be done outside, you will not need to worry about them. Think of how much stress can be avoided with an as-is sale!

Do not let the sale of an inherited home become a drawn-out, frustrating process. Contact the home-buying experts at FasterHouse to get fast, fair cash offers for your property. Fill out this form or call 314-926-0660 today to set up a consultation.

House Buying Companies Review in Florissant

Heather – “All right, so tell me a little bit about the house that you just sold?”

“Well we moved in when I was eight years old, 1973. My mom and dad had a wonderful marriage in that home. Raised us children up until we all left, and I was the only one who stayed close, everyone else kind of moved far away. I’m going to miss it severely I’ve already had my crying spell. It’s a beautiful home it’s a very warm home, never felt any negative feelings off of it what so ever. Mom and Dad may have had their disagreements, but it was nothing severe. The house is very warm feeling and anyone who gets it I’m sure will be totally happy with it, it’s a beautiful home.”

Heather – “So tell me your parents passed correct? Tell me about that process of deciding what to do with the house?”

“Well I got told how much it would cost to bring it up to Florissant code, which is a lot of money, they wanted a new roof, a new water heater, a new furnace, a new air conditioner, all the neat things that cost a lot of money. They wanted that brought up to Florissant code, which my understanding through checking the different things that I did it would cost about $30-40,000 to do so. I was like no, I don’t have that type of kind of money, so I started checking into the places that buy houses where you don’t have to do that, they take care of it if, fix it up, and sell it.”

Heather – “Tell me about the people who you contacted, or how did you find out about Jeremy?”

“I received a letter from Jeremy I’d say about a month or so after my mom passed, and it was just letting me know that he was interested in the house and that when I was ready to contact him and let him know that I was interested in letting him come out and look at the house. It took a while since my mom passed a year-and-a-half ago, but once I finally started looking through different places that buy houses the way that Fasterhouse does, everyone else was giving me a way low bid, like major low, and you know Jeremy he, I don’t know he just right off the bat I felt comfortable with him. I didn’t feel hassle, I didn’t feel that I was being pushed into anything, and he explained everything to me very well.”

Heather – “Excellent, and you said you talked to some other investors?”

“Yea, but I don’t want to give their names other where I did talk to other one’s like I said, I felt like they were being pushy and I didn’t like that.”

Heather – “So Jeremy bought the house how long was that process for you, how long did the process take?”

“It took a total for four weeks.”

Heather – “From the time that Jeremy wrote the contract to the close, and was that time frame acceptable?”

“Yeah, yeah it he gave me the time to do all the little things I wanted to do to the house. He told me I didn’t have to do the last little cleaning been straight out anything like that, but I felt like I needed to. So I went ahead and I cleaned up some of the house as best as I could, and some of yard, I trimmed some of the bushes and straightened it up a little bit to where it looked a little bit more presentable. I know they’re gonna change it, but still, made me feel better. “

Heather – “So you close today, the closing process worked well? Were they good to you at the title company?”

“Great, the title company was awesome, dealing with Tracy who was very nice, very polite. I got there I think at like 1:20 and only like 1:35.”

Heather – “So if you had others that were in a similar situation and asked what should we do would there be something you tell?”

“I would tell him to come to Fasterhouse. Because of all the other ones that I met, they to me were too pushy, didn’t want to let me do it in my time, not their time. To me this was a grieving process, it’s a process that you have to take slowly, and Jeremy let me do that.”

If you have inherited a house please call us at 314-926-0660 or fill out this form

Sell Unwanted Inherited House Fast

Unwanted Inherited House with a lot of Unwanted Belongings

A gentleman called FasterHouse from Mississippi because he wanted to sell his inherited house fast. His dad had just passed away. His dad owned a house in O’Fallon, Missouri. O’Fallon is right outside the St. Louis Metro Area, one of the areas where we buy houses. The gentleman came up for his father’s funeral.

The son and dad weren’t real close. They hadn’t seen each other in 10 years. He was the only heir of his dad’s. He called us before he came up for the funeral. We met the day after the funeral.

His dad was a hoarder. The house was full of stuff; nothing of much value, just a lot of stuff and the house was very dirty. He wanted to sell it quick and get back to Mississippi. We met at the house, we looked at it and we chatted for a little while and made him an offer.

We negotiated the sale price. We wrote up the contract that day. He decided to stay in town a few days. We did a title search to make sure there were no liens on the property. The title work all came back okay and we were able to buy it a few days later. We closed in only a few days. He received his check after the closing and headed back to Mississippi. We made it fast and easy for him to sell his dad’s house.

If you are in a situation like this one, or simply want to sell your house, please call us at 314-926-0660 or fill out this form

If You Inherit A House You Don’t Want…

Unwanted Inherited House

This is a sad story of a house FasterHouse purchased not too long ago. A gentleman from Southern Missouri called us about buying his son’s house. His son had passed away. His son lived in O’Fallon Missouri. His son was in his forties and he had lived in the house for about 10 years. He was a bit of a loner, no family or friends nearby.

His dad called us about 3 or 4 months after his son passed away. He shared his story with us. We met out at the house. His son passed away in the house. He had a heart attack sitting at his desk paying bills. He passed away on a Friday, and wasn’t found until Monday when he didn’t show up for work. His father wanted to get rid of the house. It was tough for him. He had a lot of emotions about it.

When we met him out at the house, we walked through the house and made him an offer. We agreed on a sale price. We made it really easy for him. He just had to show up at the title company, sign the paperwork and collect his check so that he could move on. It was a difficult situation for him. We were able to help him move on by selling his son’s house quick and easy with no hassles.

If you are in a situation like this father or simply want to sell your house please call us at 314-926-0660 or fill out this form

Heir Sells His Inherited Home Fast and Easily

FasterHouse Helps an Heir Sell His Inherited Home Quickly and Easily

Enjoy watching those home renovation shows? Want to see some amazing before and after pictures? Take a look at this video where Bryan Schroeder describes how he helped a son, who had inherited his childhood home after his parents’ death, evaluate his options to settle the estate.

Hello! This is Bryan Schroeder with FasterHouse. I am excited to share a story with you about a home we recently purchased and renovated. You are looking at the before and after pictures right now.

I received a call from a gentleman who had inherited his childhood home from his parents after they had passed away. The home hadn’t been updated in many years and it was in dire need of work. The son was overwhelmed by the prospect of dealing with the estate on his own, so he called us to see what we could do to help.

I met the son at the home and made an offer on the house that same day. He was pleased with the offer and accepted it on the spot. Three weeks later, we closed on the sale and the son was relieved to have the burden of the estate settlement off of his shoulders.

The son removed the possessions that had meaning to him and his family and asked us to take care of donating the rest. There were a lot of items in every room of the house and the basement was full, so not having to make decisions about what to do with all of the stuff was a big deal to him. Helping sellers manage the items left in the home is something we often do, and we have connections with companies who are able to put the items to good use.

We spent the next couple of months putting our rehab crews to work. The home was renovated from the ground up with all new fixtures and flooring and a beautiful new deck on the back. We removed lots of wallpaper and paneling and put in a brand new kitchen and all new bathrooms. We cleaned up the landscaping, added some new windows and did some plumbing and electrical work . Soon after completion, the home was sold to a family who was excited to start a new chapter of their life story.

If you know anyone who has inherited a home or who has a home that they need to sell quickly and easily, we would love to help. They can reach me at 314-926-0660 or fill out this form