Selling an inherited house can be a real maze: Besides the emotional associations attached to the property, there are pragmatic issues to handle as well. If you are one of them in Tulsa, we’ve rounded up five tips to make this process smooth and more workable.
Understand Your Inheritance
First, understand your inheritance before jumping into the sale of your property; that is, unbundle all legal and financial obligations attached to the property. Has it accrued any debt or tax liabilities? The result of this knowledge will go a long way in giving you options that will steer you clear of potential discomfort.
Just think of this process much like the setup for a big event: checking the guest list, and confirming the menu. Familiarity with these elements will ensure your sale goes off well.
Get A Professional Appraisal
A professional appraisal is highly valuable. An appraiser can provide the right estimate of the value of your house, considering such variables as its location and condition, and recent sales in similar properties. This will serve as your guide for setting a realistic selling price.
Try to price a classic car without any idea of the market value. An appraisal is similar to enlisting the services of a competent mechanic who would know what to look for in evaluating a car; it arms you with exactly what you need to determine a fair yet competitive price.
Prepare The Property
First impressions count. Preparing the property involves both cleaning and making necessary repairs. A well-maintained home is more appealing to buyers and can fetch a higher price. Start with basic cleaning and then tackle any repairs. Fresh paint, a well-manicured lawn, and minor fixes can make a big difference.
Think of preparing your home as getting ready for a big presentation. Just as you’d rehearse and polish your slides, making your home look its best can significantly impact its attractiveness to potential buyers.
Consider Selling Options
You have three major options to sell. You may list the property with a real estate agent, sell it on your own, or consider accepting a cash offer from companies like Sell My House Fast Tulsa. Each option comes with its pros and cons that you should consider.
- Listing with an Agent: Although it is a conventional route, it might take more time, but could probably fetch you a better sale price.
- For Sale by Owner (FSBO): Saves on commission costs but requires more effort on your behalf.
- Cash Offer: These companies offer immediate cash to sellers, but the quotes may be a little lower.
Work With A Local Real Estate Agent
A local real estate agent can be a great asset during the selling process. First, they will be familiar with the Tulsa market and can therefore advise on the best pricing, marketing, and negotiation. In addition, they will attend to the paperwork and other details, thereby making it easier for you.
This would be like taking a trip to a new city and having the luck of having a local show you around: They know exactly what routes to take, what the best, less-than-popular places to visit are, and how to avoid the typical pitfalls that usually occur, making the sale efficient and successful.
Conclusion
Selling an inherited house in Tulsa can be an easy process with a few phases if you approach it correctly. Knowing what you have inherited, getting a professional appraisal, preparing the home, considering your options for selling it, and finally working with a local real estate agent are the steps that guarantee you a successful sale.
Looking to sell your house quickly and fast? Get a cash offer today from Sell My House Fast Tulsa, since they can make the selling easy and headache-free.