Selling an inherited home in AZ is more challenging than people think! Read on to learn how to sell a house you inherited in Phoenix, AZ…
First, there is always that emotional bit of preparing a loved one’s house for sale – which most likely includes depersonalizing their rooms and clearing out all the belongings. Then there is the cost of marketing the home to attract potential buyers.
Usually, heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise.
Therefore we at The Trusted Home Buyer have compiled a few points that should help steer you in the right direction if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Phoenix without having to sweat much.
Making the Probate Process Go Smoothly
Get Some Advice
The first step you should take is to get some professional advice. You must understand the status of your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site, too, of course. We can also give you a fair deal for your inherited local Phoenix house if it qualifies. Fill out the form here to get started.
Next Step: Begin the Probate Process in Phoenix
Before you embark on selling, your house must go through probate. Most countries allow for a summary probate – a simple process that takes a concise time and involves fewer legal processes. Once your house passes the Phoenix probate process, you can put it on the market.
The tax basis of your property is the house value on the date that the person who willed you died. So the difference between the amount you realize from the sale and the value is the gain on which you owe the taxes.
How to sell a house you inherited in Phoenix
Agreeing to Sell
If you are ready to sell your house in Phoenix, you can inform the executor to petition the court to get the “go ahead” sign and proceed with the sale from there. Problems always arise when siblings who share the inheritance have different views – for instance; others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree.” It is also essential to involve your estate lawyer in this stage.
Preparing to Sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. First, you will need to get rid of everything! Then, you can hire an inspector to note potential issues and recommend possible repairs. Although you can sell a home in Phoenix “as is,” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at The Trusted Home Buyer, however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often buy local houses in Phoenix, repair and fix them, and either rent them out or sell them to someone looking for a great deal.
We can buy your house quickly if your local Phoenix house meets a few simple qualifications.