Selling an inherited home in Mo is not always a simple process! Read on to find out how to sell a house you inherited in Kansas City Mo…
First of all, there is always that emotional bit of preparing a loved one’s house ready for sale – which most likely includes depersonalizing his or her rooms and also sifting through and deciding what to do with all the belongings… Then there is the cost of marketing the house in order to attract potential buyers.
Sometimes heirs get caught off guard with the high costs of liens and other hidden issues. Consequently, disagreements may arise.
Therefore we at Prime Property Options LLC have compiled a few points that should help steer you in the right direction, if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Kansas City, without having to much difficulty.
Making the probate process go smoothly
Get some advice
The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too, of course. We can also give you a fair offerfor your inherited local Kansas City house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in Kansas City
Before you embark on the selling process, your house must go through probate. Most counties allow for a summary probate – which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Kansas City, you can then put it on the market. And sometimes you may be able to sell the house before the probate process is completed
Tax consideration
The tax basis of your property is the value of the house on the date that the person who willed it to you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
How to sell a house you inherited in Kansas City
Agreeing to sell
If you are ready to sell your house in Kansas City, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from the there. Problems always arise when siblings who share the inheritance have different views – for instance others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.
Sometimes, a sibling who wants to keep the property may be able to buy out the other siblings if everyone can come to a reasonable agreement.
Preparing to sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it up for sale. You may need to get remove all of the furniture and personal items if you intend to list it through an agent! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Kansas City “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at Prime Property Options LLC however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We buy local houses in Kansas City, fix them up and either rent them out or sell them to someone else looking for a great deal.
If your local Kansas City house meets a few simple qualifications, we can buy your house fast.