3 Financial Options You Can Pursue When Selling an Inherited Property in Kansas City

So you’ve inherited a house in Kansas City, what the heck do you do now? Well, you have several options. Read this blog post to find out the 3 financial options you can pursue when selling an inherited property in Kansas City…

When a loved one passes on and leaves you with an inherited property, it is certainly a wonderful gesture. But it can have financial consequences such as repairs, maintenance, becoming a landlord, taxes, and on and on. This can put a real drain on your time and money.

So if you’re thinking of selling, realize that you have other (and better) options than just listing the property with an agent. In fact, you have at least 3 financial options you can pursue when selling an inherited property in Kansas City?

First, Let’s Talk About Selling Through An Agent…

Financial Options You Can Pursue When Selling an Inherited Property Kansas City

For many people selling with an agent is a great option. There are some pitfalls though. An agent will often require you to fix up the home so that it is in livable condition. They will also take a lot of money in commissions and fees. Lastly, this process can take quite a while (3-6 months) to get cash in your pocket.

I feel like an infomertial, but there’s got to be a better way!

Let’s Look At The Other Options…

Option #1. Refinance

If you just need a little money, but love the house and will be happy to continue owning it you might consider a refinance. This is basically just getting a new loan on the property and it will allow you to get cash today in exchange for payments in the future back to the lender. Keep in mind though that you will still have expenses every month including a new mortgage payment.

You can still use the house, or rent it out, and you’ll need to pay back the loan to the bank, but it’s one option to consider.

Option #2. Rent To Own

Another option is to sell the home on Rent-to-Own terms. This is where you rent the home to a renter that wants to own the property. They just can’t afford it today, or qualify for a loan. So you rent the property to them while they get their finances in order and then they purchase the home. We can help you do this if you’re interested and will guide you through the process so give us a call today if you’re interested in going this route.

Option #3. Sell Fast For Cash

The last, and most simple option is to sell the home directly to an investor without listing the property. Companies like us here at Green Sparrow Properties will buy the property for all-cash. There are no closing costs or other fees, and the closing can be as soon as a couple of weeks. Best of all, we love buying homes that need a little bit (or a lot) of love and are happy to make repairs.

There you have it! 3 financial options you can pursue when selling an inherited property in Kansas City!

Thinking about selling your inherited property fast for cash? We can help! Click here now and fill out the form our call our office at 816-800-9238.

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