Inheriting a house is not quite always as great as it sounds. Many times, homeowners will their house to family or friends with the best intentions. However, while it may seem like a windfall when you find out that someone has inherited property, the realities are not always so great. It can be beneficial to understand the problems that could arise on the path before you, so read on as we explore five downfalls of inheriting a house in Detroit.
Distance
If you live across the country, distance can cause issues when you’re inheriting a house in Detroit, especially if other beneficiaries are involved. It is helpful to set out a clear communication plan; with today’s technology and a little forethought, the process can be relatively simple. Working with a highly reliable local representative, such as a professional investor from Detroit Fair Offer, can provide you with the assistance you need to take care of business, no matter where in the world you are located. The pros at Detroit Fair Offer live and work here in Detroit and have a vast network of reliable local industry contacts for any need that arises.
Unified Decisions
Several people are often listed together on the will, and inheriting a house in Detroit can become highly complicated if you cannot agree on the steps to take with the property. Working with an experienced professional investor like those at Detroit Fair Offer will provide the guidance you need to get everyone on the same page. First, each of your options will be detailed in full so that you’ll have a clear picture of the costs to retain the property during the months that a traditional listing may take what you would earn from a sale through a traditional listing. Next, we will lay out all of the numbers should you decide to sell directly to Detroit Fair Offer and make you a cash offer, which you’ll agree is fair, especially considering that you won’t be paying commissions.
Clean Out
It can be highly emotional after losing your loved one and finding yourself going through belongings and cleaning out the property when you are inheriting a house in Detroit. Many people find the experience extremely overwhelming. One benefit of making a direct sale to a professional investor like those at Detroit Fair Offer, our full-service team will clean up the property inside and out; just take what you want and leave the rest to us!
Costly
Inheriting a house in Detroit means inheriting the monthly bills and responsibility for repairs and maintenance, along with any debt legally attached to the property. Unfortunately, few properties come to their beneficiaries in perfect condition. Often the home has fallen into severe disrepair, and overgrowth is now threatening the structure. Should you find yourself in a similar position, you should know that when you make a direct sale to a company like Detroit Fair Offer, our professional investors buy houses as-is, taking all of the risks of repairs onto our shoulders.
Time
In many cases, financial obligations that accompany the property when inheriting a house in Detroit require a fast sale. Cash buyers often try to use this to their advantage, making insultingly low offers. However, you won’t be taken advantage of when working with a professional investor from Detroit Fair Offer. Our offer comes with a guaranteed closing date without any pressure. At Detroit Fair Offer, we have the flexibility to set the closing date around your schedule to make the sale as convenient as possible for you.
Are you inheriting a property in Detroit and unsure about the next step? At Detroit Fair Offer, we will answer any questions or concerns to help you reach a consensus on an educated decision, with no obligation.
To learn more about what to expect when inheriting a house in Detroit, contact Detroit Fair Offer today at (313)647-8806