Sell My Inherited House in St. Louis
Sell My Inherited House Greater St. Louis. If you’ve inherited a house in Greater St. Louis due to the death of a loved one or having one passed down to you due to other reasons, it could be a boon or a serious issue depending on your circumstances. While it’s entirely possible that the Greater St. Louis home you’ve inherited is one you could easily live in or use as an investment property, it’s equally likely that this house may be more trouble than it is worth, and you’d like to sell your inherited house in Greater St. Louis as quickly and efficiently as possible.
Call & Get a Fast, FREE Cash Offer!
We pay a FAIR price. Text us photos of your home and get a fast, free cash offer in as little as 60 minutes. We make it easy to get a fast, free estimate.
Link will dial Evervest's number.
Evervest Home Buyers has helped many people around the Greater St. Louis area who have inherited homes and decided that they would prefer to sell them than keep them. We’ve been in this business for more than 25 years and know the housing market as well as anyone else does in town. Don’t just take our word for it, either–read from the clients we’ve helped from all over St. Louis, St. Charles, and Jefferson counties. We deal with issues like back taxes, mortgages, and foreclosures as well, so you can rest easy knowing that you can trust a full-service St. Louis home buying agency. Call us today at (314) 730-0366 or fill out our online contact form to learn more about how Evervest can help you sell your inherited house in St. Louis.
Process of Selling an Inherited House in St. Louis
See below for information about the process of selling an inherited home:
- Probate Process: Before selling an inherited home, it typically needs to go through the probate process. Probate is the legal process of validating a deceased person’s will and distributing their assets. This process ensures that the property can be legally transferred to the heir(s).
- Property Valuation: Determine the value of the inherited home. This can be done through a professional appraisal, a real estate agent’s assessment, or by comparing similar properties in the local real estate market.
- Inheritor Agreements: If there are multiple heirs, it’s essential to reach an agreement on the sale of the property. This may involve discussions on the listing price, the division of proceeds, and the decision-making process.
- Financial Implications: Consider the financial implications of selling the inherited home. This includes potential capital gains taxes and any outstanding mortgage on the property. Consulting with a tax professional can provide clarity on tax obligations.
- Repairs and Renovations: Assess the condition of the home. Depending on its state, needed repairs, or renovations can all determine a property’s value.
- Real Estate Agent or Sale by Owner: Decide whether to enlist the services of a real estate agent or sell the property independently. A real estate agent can provide valuable expertise, market the property, and handle negotiations. Alternatively, selling by owner may save on commission costs but requires more hands-on involvement.
- Market Conditions: Be aware of current real estate market conditions. Factors such as the local housing market, interest rates, and economic trends can impact the timing and success of selling the property.
- Legal and Regulatory Compliance: Ensure compliance with local real estate laws and regulations. This may involve disclosure requirements, contract specifics, and other legal considerations. Seeking legal advice can be beneficial in navigating these aspects.
- Open Communication: Maintain open communication with all involved parties. Keeping heirs informed about the selling process, timelines, and decisions helps manage expectations and reduce potential conflicts.
- Closing Process: Once a buyer is found, the closing process begins. This involves finalizing the sale, transferring ownership, and addressing any outstanding legal matters. Working with a real estate attorney can streamline this process.
Selling an Inherited House in St. Louis, MO
Selling an inherited house in St. Louis, MO. Coming into the control of an inherited house in St. Louis, MO, is both a blessing and a curse. On one hand, a loved one is leaving you a memory that has value, whether that value is nostalgic or economic. On the other hand, the loss of your loved one may be compounded by family members who believe they have the right to a property.
One answer that may work for you is selling your inherited house to a cash home buyer. At Evervest Home Buyers, we specialize in buying properties in any condition they’re in, with only cash offers, and can help you avoid the hassle and expense of listing your home with a traditional real estate agent. We keep everything confidential, and recognize unique needs of St. Louis, MO, families who are going through the difficult process of divvying up an inherited house. We can help you understand the laws and tax implications of selling your property and how to turn a house into a cash inheritance for you and your family. Speak to a team member today at (314) 730-0366 or reach out to our cash for home buyers through our website to learn more about how Evervest can help you.
Call & Get a Fast, FREE Cash Offer!
We pay a FAIR price. Text us photos of your home and get a fast, free cash offer in as little as 60 minutes. We make it easy to get a fast, free estimate.
Link will dial Evervest's number.
Challenges of Selling an Inherited House in St. Louis, MO
Before we go over the benefits of selling your inherited house to an as-is home buying company, it’s worth mentioning some of the hiccups that may arise when trying to sell the home. A few of the most complicated aspects of coming into possession of an inherited St. Louis, MO, property:
- Managing the property at a distance — If you don’t live in the same city, county, or state as your loved one, you might not know who to believe in in the St. Louis area. Do you know dependable contractors close by?
- The house may need serious repairs — If your loved one maintained or didn’t maintain the home, if it’s an outdated property, or if it hasn’t been lived in for a while, and you might lack the resources to get it to a proper condition. Family members may have also left possessions, and you’ll have to decide what will be passed on and what you’ll have to decide with various items.
- Legal issues — Selling a house in probate comes with a lot of legal issues, including notifying the courts and banks.
Our St. Louis, MO, neighbors have trusted us to buy, manage, and sell properties for more than three decades. We’re proud that the work we put in goes back into the same neighborhoods where we grew up. we’ll take the property off your hands no matter what condition it’s in, and, if needed, we can help guide you through the probate process. If there’s any “stuff” left over that no one in your family wants, you can leave it in the home and we’ll dispose of it.
Benefits of Selling an Inherited House to a Cash Home Buyer in St. Louis, MO
Given the appearance when selling an inherited house, it makes sense that many people choose to sell to a cash home buying company in St. Louis through a real estate agent. There are advantages to this approach:
- Don’t spend money on costly repairs — Repairs can cost almost $100,000, which will take a large chuck out of any cash inheritance you and your family were expecting after inheriting the house. Since cash home buyers specialize in purchasing homes in any condition. After purchasing the house, we’ll fix it up ourselves.
- No realty fees to pay a realtor — The average realty fee is 6% of what the house sells for. At Evervest, our profits come after we put in the work. After repairing the house, we earn a modest profit when we put the house back on the St. Louis market.
- Less risk — A traditional buyer will have to have their finances approved by may not have good enough credit or money to actually buy the house, and other home investors may have specific loan program requirements. A cash home buying company is much more straightforward. We’ll show you proof of funds so you purchase will get done without any hiccups. We have never written a contract we didn’t close on because we backed out of the deal.
Picking the Right As-Is Home Buyer for Your Inherited House
Some people often think the worst when they see “cash home buyers.” Unfortunately, sometimes the cash home buying process is a scam. But there are many reputable as-is home buying companies like Evervest that offer a fair price and won’t lead you on while still seeing the property. If the prospect of a cash home buyer appeals to you, the first thing you need to do is pick a trustworthy company in St. Louis. Here’s how to find a good cash home buyer:
- Research online — Do some research online to find several different cash home buyers.
- Check reviews — Take a look at review websites like Yelp, Google, or look up the Better Business Bureau.
- Ask for referrals — Ask friends or family members who may have used as-is buyers in the past if they had a good experience when the company they chose.
- Find someone local — Many cash home buying companies may be trustworthy, but are also national corporations that don’t understand the St. Louis, MO, housing market or communities. A local cash home buying company will be more likely to give you a fair price for your inherited home.
Evervest Home Buyers has earned the trust of the St. Louis, MO, community because of how we do business. We work with you to find a solution that works best for you and your family. Check out our client testimonials here.
How to Sell Your Inherited House in St. Louis, MO
When you decide to sell your inherited house in St. Louis, MO, to Evervest, we make the process as easy and stress-free as possible. We can turn your inherited house into a cash legacy in four easy steps:
- Get in touch with us — Call us or contact us online to You can send us pictures of the house on our website or by texting us. After reviewing your inherited house, we’ll be able to give you a free estimate in just 60 minutes.
- Schedule a home inspection — The next thing to do is to have us come and visit your inherited house. There won’t be any It’ll be our buyer and only our buyer doing the inspection.
- Receive a cash offer — Based on our inspection, we’ll give you a fair and all-cash offer.
- Close the sale — If you agree to the offer, we’ll show you proof of funds and write up a contract for the sale. We can close at your convenience – whether you need to get rid of the inherited house in a week or two, or need a few months before your family is ready to move on.
Sell Your Inherited St. Louis, MO House to Evervest Home Buyers
Selling an inherited house to an as-is home buying company in St. Louis, MO, can be a smart and stress-free option for many people. By working with a reputable buyer, you can eliminate the problems and expense of listing your home with a traditional real estate agent and full cash value for your home. To talk with Evervest about how we can help you and your St. Louis, MO family sell your inherited house, call us today at (314) 730-0366 or tell us about the property through our website.