The Reality of Homeownership Expenses
Inheriting a property can be a welcome silver lining in the middle of a difficult situation. Losing a loved one is difficult, and being entrusted with their property can feel both like a huge privilege and a major responsibility. Whether the home becomes yours after a long, drawn-out probate process or you take over ownership immediately, the realities of homeownership can feel like a rude awakening – especially if it’s an older property. Whether you’re a first-time homeowner or this is simply your first second property, it’s easy to underestimate (or not at all anticipate) the challenges that come with upkeep an older home. From property taxes to insurance, utilities, lawn maintenance, and necessary repairs, inheriting a home – even one with a paid-off mortgage – is definitely not free (or even economical, in many cases). If the time and money that come with caring for an old property just aren’t commitments you bargained for, or if you’d simply like to allocate your resources to another project, you have options when it comes to parting with the property in the easiest way possible.
The Truth About Selling Your House
Selling the house you inherited is the natural decision to make if its maintenance is something you can’t or don’t want to keep up with. With that being said, there’s no one way to sell a property. Your first instinct might be to get a real estate agent and list the property on the maketi the traditional way. This could be a solid option depending on your situation, but it’s important to understand the realities of a conventional home sale before committing to it. When you list your house on the market, expect the following:
- An average of three months between listing the property and actually closing the sale
- Fielding offers from different buyers
- Negotiating on expenses like closing costs, repairs, and repair credits
- Paying your real estate agent’s commission (and potentially other costs, depending on your closing cost negotiations)
- Inspections and appraisals
- The risk that, for any number of reasons, the sale might fall through while in escrow and you may have to start the process all over again.
We don’t say this to be alarmist; only to make sure that a home sale doesn’t end up adding even more work and time demands onto your plate, when the reason you’re selling your property in the first place is to alleviate those demands. A traditional real estate sale might go off without a hitch, or it might end up being a major headache. If that’s not a risk you’re willing to take, selling your house for cash is a great option.
How PlacePitch Makes It Easy
Selling your house for cash successfully will always come down to how much you can trust your cash buyer. At PlacePitch, our goal is to make cash sales easy, stress-free, and fair for home sellers. That means giving offers that are based on market numbers as they develop in real time so that you can rest assured that you’re getting the fairest cash offer possible. For us, fair means no surprises: the cash offer you get is the payment you get. There will never be any last-minute fees, commissions, or repair credits. You can trust that the offer we give you is the money you’ll walk away with when all is said and done. On top of that, the process itself is designed to be efficient and easy. Our three-step cash sale process doesn’t require you to do much besides request your offer and give us a timeline. We’ll take it from there. Here’s how it works:
- Fill out a two-minute form on our website to request your cash offer.
- Tell us when you’re available for an easy in-person tour of the property. You don’t have to repair, clean, or stage anything. We wanna see the property just as it is in order to make sure we’re giving you the fairest offer possible.
- Get your cash offer, accept it, and get paid.
Our process is designed to be flexible according to your calendar. That means we can get everything done in as little as one business day so that you don’t have to wait to move forward into your future. You set the tone and timeline for your cash sale, and we make it happen. It’s that simple.