How Do You Sell an Inherited Property?

It’s tempting to sell inherited property to the first real estate investors that you see that advertises things along the lines of “we buy houses NJ”. However, you shouldn’t do that just yet.

The truth is, whenever you inherit any kind of property from a loved one, you’re not limited to just a single option. You have multiple options to choose from. In fact, you don’t technically need to sell the home.

What other people do is rent out the inherited property. Others also move to the inherited property and choose to either sell or rent out their own property. These are all more economical options. This is especially true if you don’t need the money right away. But, if you do plan on selling the inherited property, there are multiple options.

You can either sell the inherited property through a real estate professional or through a cash buyer, for example.

1. Work with a Real Estate Professional
First things first, Realtors are different from real estate agents.

Even though both do essentially the same jobs, the term “Realtor” is trademarked by the National Association of Realtors in the United States. This means that only members of the organization can use the term Realtor.

As for brokers, they are real estate professionals who’ve taken and passed the broker exam. They’re better equipped and more knowledgeable than the average real estate professional. This is because of their time spent studying extensively legal issues and topics concerning properties, investments, constructions, and more. Also, in some states, in order for a real estate professional to qualify for the broker’s exam, they’ll have to have several years of experience in the real estate industry under their belt first.

Either way, you’ll want one of these three professionals handling your property if you want to sell it.

These professionals have been in business for years, if not decades, and know the best way to help you and your particular case. But, before choosing a real estate professional, do make sure that you do your research first.

Reputation is key. The more reputable a real estate professional is, the better.

Also, even if a real estate professional is reputable, you’ll want to make sure that they have prior experience selling inherited properties first. Otherwise, they might not know how to sell your house fast and for a fair price. Meanwhile, minimizing if not completely eliminating the chances of you facing legal issues from the transaction.

2. Sell to a Cash Buyer
If you need money the money right away and don’t want to worry too much about all the usual fees involved in selling a property, you can field an offer from a cash buyer.

Cash buyers are usually the ones that advertise “We buy houses NJ for cash” and while they do get quite a bit of a reputation for shady dealings, there are plenty of legitimate cash buyers who will be willing to guide you through the home sale process.

The best part about working with a trustworthy cash buyer is that the transaction is fast and you receive a fair price offer.

At first glance, the offer of a cash buyer for your inherited property might seem like below market value. However, when you consider that you get the money within a few weeks and you don’t have to worry about anything else other than signing over the property, which is far from what would happen via a traditional home selling process, working with a cash buyer no longer sounds like a bad idea.

Besides, the worst thing that can happen if you try and work with a cash buyer is to receive an all-cash offer in a matter of minutes.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
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Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
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15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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