Over the next four decades, boomers will inherit upwards of $27 trillion, and a portion of that includes the house their parents lived in. How do you keep your feet on the ground, when you inherit an Omaha house?
When that house becomes yours, figuring out what to do with it may be like riding a yellow tiger. If your siblings are involved, your relationship could take a twist, when it is time to settle the estate and distribute the assets.
Seek the advice of professionals. A real estate agent or real estate investor experienced in your neighborhood is a must. The other professional could be an attorney good in probate and real estate. You need to find out what is owed on the house, and any liens outstanding. These professionals will answer any questions you have and will help you make lightning fast decisions.
As you clean, you can divvy up the folks’ personal belongings. Agree that left overs go to a garage sale or estate sale. If you plan to sell, the house will present a better face to the public if it is clean and empty or staged. Ask your siblings if there is anything they specifically want. When you are cleaning, don’t try to guess what an important keepsake is for a brother or sister.
Once you have gone through the house and separated keepsakes from trash, you may be left with items George Carlin referred to as “stuff. ” Stuff requires more than a garage sale. It requires a professional.
Estate sales are public sales conducted by estate liquidators, in the house of the seller. The seller is asked to remove everything they want to keep and all the rest is tagged with a price. The estate liquidator uses their vast knowledge to set a price on each item. The liquidator may offer a price upfront for everything, or take a percentage of the sales. The estate sale is held over a weekend, and items are sold on a first come, first served basis. After the sale, unsold items are donated or junked.
He will tell you if work needs to be done to sell it. In addition, he will give you a feel for the neighborhood and the house’s worth.
A real estate investor will buy as-is. Don’t worry about some repairs that you’ll need to fix based on an appraisal. An investor will estimate the repairs needed to restore your property, arrive at an offer, and will purchase the property in whatever condition the property is currently in.
No Fees! A real estate investor doesn’t charge you a real estate commission. He may take care of any other nagging financial problems such as back taxes, code violations, or past due water and sewer bills.
If you decide to sell rather than fix it up and rent it out, you can do so fast. Normally you can close in 30 days or less. That is much quicker than a traditional sale, which can take several months even if there are no major items that need to be repaired before closing. In most cases when an investor and a seller can agree on a price immediately, they can close as quickly as one to two weeks and you can proceed with splitting the estate with the heirs.
Styl Properties, Inc. is here to help homeowners out of any kind of distressed situation. As investors, we are in business to make a modest profit on any deal, however, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.
Give us a call today at 402.999.0577 to let us know what YOU need help with!