Intrepid Property Solutions, LLC is a BBB Accredited Real Estate Investor in Columbia, SC

Facts About Inheritance You Might Not Know

If you have an inherited house, then as home investors we know there is a lot to deal with. Family members must cope with the loss of a loved one. And even in best-case scenarios, dealing with the estate left behind only adds to the stress.

We encounter these issues on a daily basis. The good news is there are a few facts that can help you and your family be prepared.

Your Relatives Might Not Be As Organized As You Thought

First of all, your family may not be as organized as you thought. Most people are inclined to assume that their parents or siblings had a will and that they simply have to probate it and go from there.

However, it is very common that the person has done little to nothing to prepare their estate for their passing. Luckily, we have ways to handle it such as heirships and affidavits, and other problem solving, but it can be very stressful to know that you’re starting from step 1.

Children and Marriage Surprises

Another very common issue with inheriting houses is children and marriages. People marry, divorce, and remarry without considering how it affects their estate. Children, half children, adopted children and THEIR marriages further complicate the issue.

If there isn’t a will, then everyone is entitled to a piece of the pie. Negotiating becomes more difficult and convoluted. As home investors, we often facilitate communication and negotiations when there isn’t a will.

Options and More Options

Lastly, many people don’t realize just how many options exist when a house is inherited. It can be extremely stressful to suddenly inherit the financial burden of an inherited house, especially if there are no other assets or finances to compensate the family. However, there are resources that can help.

While finding a tenant can sometimes be an option to help pay for the holding costs, it can also add to the stress of the situation.  For example, if you fall behind on payments on the inherited house, there are multiple ways to alleviate the burden. If you fall behind on taxes, the county will usually allow you to arrange a payment plan to catch up on the tax payments. If you fall behind on the mortgage, you can go to the lender to negotiate a payment plan, or you can get information about HARP, a government organization whose aim is to help people stay in their houses.

How Home Investors Can Help

One reason people sell inherited houses to home investors such as Intrepid Property Solutions, LLC. Home Buyers is that the estate is in SUCH a mess that they don’t know where to start. Intrepid Property Solutions, LLC. cleans up these messes at no cost to the seller – it’s our expertise, but it’s also what we love to do.

If you have questions about your inherited house, call us for free information or a no-obligation offer on the house.

Contact us for a free, no-risk quote within 24 hours.

Get a Quick Cash Offer    |    Call 803-291-5130


Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get Started Now...

We buy houses in ANY CONDITION in SC. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call 803-670-8355...
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *