{"id":1566,"date":"2021-06-29T00:00:00","date_gmt":"2021-06-29T05:00:00","guid":{"rendered":"https:\/\/chrisbuyshomesstlseller7.carrot.com\/?p=1566"},"modified":"2021-06-29T00:00:00","modified_gmt":"2021-06-29T05:00:00","slug":"3-financial-options-you-can-pursue-when-selling-an-inherited-property-in-kansas-city","status":"publish","type":"post","link":"https:\/\/www.chrisbuyshomeskc.com\/blog\/3-financial-options-you-can-pursue-when-selling-an-inherited-property-in-kansas-city\/","title":{"rendered":"3 Financial Options You Can Pursue When Selling an Inherited Property in Kansas City"},"content":{"rendered":"
If you\u2019ve inherited a property and you\u2019re thinking about selling it, you might have more options than you realize. Read this blog post to find out the 3 financial options you can pursue when selling an inherited property in Kansas City\u2026<\/em><\/p>\n When a loved one passes and leaves you with a property, it might be a meaningful gesture but, the truth is, an inherited property isn\u2019t always convenient to own. There are additional bills, expense, maintenance, upkeep, and stress; it can be time-consuming.<\/p>\n So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Kansas City<\/strong>?<\/p>\n There\u2019s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited property first, then there are closing fees and the hefty agent commission you\u2019ll have to pay afterward. And, this method can take months, so some people don\u2019t like how long it takes.<\/p>\n So, what are the other options?<\/p>\n One option, which is a type of selling, is to refinance the property with a bank and use that money for other things. Although you\u2019ll still own the house, this is a financial option that some people might consider if they are selling in order to get the money.<\/p>\n You can still use the house, or rent it out, and you\u2019ll need to pay back the loan to the bank, but it\u2019s one option to consider.<\/p>\n Another option is to sell the house over the long-term by selling to a tenant. Typically, these are tenants who can\u2019t get a mortgage but want to own a house \u2013 so they\u2019ll pay you rent and over time they\u2019ll be able to buy the house (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up to purchase the house with a mortgage.)<\/p>\n One little-known option that owners of inherited properties might enjoy is the ability to sell the house fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a house-buying company (like what we do here at Chris Buys Homes in Kansas City) and they\u2019ll often buy your house as-is for cash, usually in as little as a few days. It\u2019s fast, simple, and doesn\u2019t require any work.<\/p>\nFirst, Let’s Talk About Selling Through An Agent…<\/strong><\/h2>\n
Second, Let’s Look At The Other Options…<\/h2>\n
Option #1. Refinance<\/strong><\/h3>\n
Option #2. Rent To Own<\/strong><\/h3>\n
Option #3. Sell Fast For Cash<\/strong><\/h3>\n