When siblings inherit a home together, complications are apt to arise, so it’s wise to forearm yourself about how to deal with the possible issues or avoid them altogether. For example, dividing an estate among two or more siblings, especially at such a highly emotional time, can be challenging if there are disagreements or a lack of cooperation.
So read on as we explore why inheriting a home in Greater Los Angeles can be a hassle for siblings. Please note that this article is for informational purposes, not financial or legal advice.
Condition
The physical condition of the property may be one of the most significant reasons why inheriting a home in Greater Los Angeles can be a hassle for siblings. In addition to the expense of repairs is the time-consuming process of getting estimates and ensuring completion of the work; the siblings might not have the time or finances to take on repairing the inherited property. If you’re facing this dilemma, a direct sale to professional buyers like those at Homesmith Group can relieve you of the burden because we buy homes in as-is condition.
At Homesmith Group, our policy is total transparency, so you’ll see the numbers line by line when one of our professional buyers outlines your options. The professional buyers at Homesmith Group compare how much you’d profit from a traditional listing vs. selling your inherited home directly, which you’ll agree is fair when you see the details of how we reach our offer.
Debt
The remaining debt associated with the property is another reason why inheriting a home in Greater Los Angeles can be a hassle for siblings. Whether there is still a mortgage on the property or multiple liens, instead of the inheritance being a windfall, it may be a financial burden, and selling the property directly to a local professional buyer may be your solution.
Professional buyers like those at Homesmith Group work with the power of cash to offer quick financial relief from existing debts. In addition, the professional buyers at Homesmith Group offer guaranteed closings, typically within a matter of days, with no closing costs. So why not save more of the profits for yourself? The amount of our offer is the amount of cash you receive, the professional buyers at Homesmith Group never charge commissions, and there are never any hidden fees.
Cooperation
A lack of cooperation is another reason why inheriting a home in Greater Los Angeles can be a hassle for siblings. One or more of the siblings often make promises to handle responsibilities for the property, and they fail to do so. Professional buyers like those at Homesmith Group are highly seasoned expert negotiators and are happy to help you and your siblings get on the same page. Working with professional buyers at Homesmith Group can alleviate the pressure and complications and bring everyone to a consensus on your inherited property’s best course of action.
At Homesmith Group, our professional buyers want to make the process as smooth as possible, and they can even arrange to clean it out for you to avoid the emotionally difficult process.
Sell Inherited House Fast
The local professional buyers at Homesmith Group and their full-service in-house team have what it takes to make inheriting a home in Greater Los Angeles easy for siblings to handle. We want you to feel good about the deal you make with Homesmith Group long after closing, so the professional buyers at Homesmith Group are happy to answer questions and address concerns about our process without obligation.
Directly selling your property in Greater Los Angeles to a professional buyer at Homesmith Group will help you avoid unnecessary hassles and upsets and cost you nothing out of pocket. Call Homesmith Group at (855) HOMESMITH (466-3764).