- Charlene Phung
If My Loved One Has Passed Away, Should I Sell Their Home for Cash?
When a loved one passes away, one of the first things you need to consider is what will happen to their home. Through the process of probate, you can decide whether or not the home goes to an heir, or is sold. If you choose to sell your home, consider selling it to a home buying company.
Make Probate Easier
After an individual passes away, their home and assets will go through a process called probate. This is a legal process that allows their estate to be divided up among heirs. In some cases of probate, the executor of the estate may decide to sell the decedent’s home. If you choose to sell the home traditionally, you can run into a lot of complications because of the specific probate requirements surrounding the sale. If you choose to sell the home to a home buying company for cash, however, you can make this process much simpler and less stressful. You also end up avoiding many of the complications that can accompany probate.
No Need for Repairs
If your loved one has lived in their home for a long time, there is a decent chance that their home could require some major repairs. Things have likely broken or become outdated since your loved one first moved into the house. If you sell the home traditionally, you’ll need to complete all of the necessary repairs and updates before putting the home on the market. If you don’t, you run the risk of not getting an offer, or failing an inspection once you do. Selling to a home buying company, on the other hand, allows you to sell the home as-is, and save yourself the time and money that would have gone toward these projects.
One of the benefits that accompanies selling a home as-is is the speed with which you can complete the sale. Things dealing with the home’s condition are often what can slow down a sale and drag it out. Home buying companies have also found other ways to expedite home selling. When you’re selling the home of a recently deceased loved one, you’re dealing with a lot of emotions surrounding their passing. The last thing you should need to worry about is the complicated process of selling a home. To help make this process a bit easier, home buying companies allow you to close on the sale of the home in as little as seven days.
Selling a loved one’s home for cash after they’ve passed away can help you avoid any complications surrounding the sale. Selling to a home buying company allows you to have the fastest, easiest home selling experience. If you live in Charlotte, Atlas Residential can help you sell a home in a matter of days.
Ready to get started? Atlas Residential can provide you with a cash offer on your home in as little as 24 hours. Click here to learn more, and request an offer on your home today!