We Buy Houses in Fridley MN. If you’ve recently inherited a property and you’re thinking about selling it, you may first consider hiring a real estate agent. However, there is no need to be hasty with this decision. There are many other financial options that you can explore, some of which may be more beneficial for your specific situation. In this blog, we’ll talk about 3 financial options you can pursue when selling an inherited property in Fridley…
First, Let’s Talk About Selling Your Inherited House Through a Real Estate Agent…
If you are thinking about selling your inherited house, you might first consider hiring a real estate agent. There’s nothing wrong with hiring an agent when selling a house. However, before you make this decision, here are a few things you should know first. Real estate agents are an expensive choice; they will require you to pay for a host of fees and expenses. In addition, you’ll also be required to repair the property, which can be very expensive as well. And finally, selling your house with an agent typically takes between 3-6 months, so you’ll have to be extremely patient and swallow a ton of holding costs.
So, what are the other options?
Financial Options You Can Consider when Selling Your Inherited House in Fridley MN
Refinance ~ Rent to Own ~ Sell Directly to FastPath Home Buyers
Option #1. Refinance
One option, which is a type of selling, is to refinance the property with a bank and keep the money. Although you’ll still own the house, this is a financial option that some people might consider if they are hoping to make a quick profit from an inherited property.
You can still use the house, or rent it out. On the other hand, you’ll need to pay back the loan to the bank.
Option #2. Rent To Own
Another option is to sell the house over the long-term through a rent to own agreement with a tenant. Typically, you’ll be able to enter into one of these agreements with a tenant who can’t get a mortgage, but who wants to own a house. They’ll pay your rent and over time they’ll be able to buy the house (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up enough to purchase your house with a mortgage loan).
Option #3. Sell Directly to FastPath Home Buyers
The last option that owners of inherited properties might enjoy is the ability to sell their inherited house fast for cash to our company, FastPath Home Buyers. Instead of selling through an agent (and hoping you can find a buyer, which can take months), you can sell your house directly to FastPath Home Buyers. Here at FastPath, we 100% of the work. We don’t require you to clean your house and make any repairs. Finally, we are prepared to close on any deal in less than 7 days. So Calls us at (612) 351-2384, or fill out the short form below and we’ll get back to you with an all cash offer today!