First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.
You’re thinking, “I inherited a house in Oak Cliff, what can I do with this house?” Should I rent it? Should I sell it? How should I sell it? We buy houses in Oak Cliff, and we can help you find out the current value of your inherited house. Should you want to sell your house fast in Oak cliff, after we show you the current value, we buy houses in Oak Cliff and we will purchase the house from you.
Tons of options open up for you, but remember…
… we can help.
We’re seasoned investors in Oak Cliff real estate, and we have cash for houses in Oak Cliff. We like to buy several houses each month in the Oak Cliff, Tx. area. Every month we get calls from those who have inherited a house and are looking to sell the house… so in the info below are some tips to help you navigate the process.
I Inherited A House in Oak Cliff, What Can I Do Next?
Here’s a few important considerations to help you make the right decision:
1) Make sure the mortgage is paid.
This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you. IN this case, we buy houses in Oak Cliff and the Dallas area such as your inherited house.
2) The investment is only as good as the manager.
If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now. We have cash for houses in Oak Cliff. Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets. Now, we have cash for houses in Oak Cliff, and we can close in 5 days, if that helps you.
3) Property ownership costs money.
It’s rare to see a building that’s been perfectly maintained. Most inherited houses need much in major improvements. To help those who have inherited a house or two, we buy houses in Oak Cliff, and all of Dallas/Fort Worth.
Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.
4) Selling a property for top dollar costs money.
If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy houses in Oak Cliff for cash, as-is. Which means, you don’t need to do anything as far as repairs or pay mortgage. There are also No commissions, No fees and No closing cost to you. You really don’t need to go through Probate, as our Title company will provide you with the Affidavit of Heirship docs to make it all legal in the State of Texas.
5) If the market will continue to grow faster than your other options, hang on to the investment.
We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.
6) Uncle Sam wants a piece of the action.
Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.
7) Consider all your options.
In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Oak Cliff investment experience can help you win.
8) Compare a few scenarios.
We’ll help you determine prices for any property near Oak Cliff – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).
Call (214)723-1304 Now! Sell A House Fast.
We cut out the ‘middle-man” (agents, banks).
- Do you need money so you can move out and move on? We can do that! Ask us how.
- Are there other Family members involved? Great, not a problem!
- Don’t want to pay Probate atty fees, or court cost? Not a problem, we will take care of that as well!
- Facing foreclosure? Late Taxes due, Liens on property, Judgments? Let us help you!
Yes, Selling Your House for Cash is quite easy.