Avoid Repair Nightmares – Sell Inherited Houses Fast for Cash!

You’ve inherited a home. It’s a great financial opportunity, right? Maybe not. Depending on your level of expertise when it comes to home renovations and the real estate market, selling that inherited home for top dollar may not actually be as great an investment as it seems. Sometimes, selling your house fast for cash in Maryland, Virginia, or Washington, DC is a much better option.

Why is selling a house so expensive?

There are a number of reasons why selling your inherited Maryland, Virginia, or Washington, DC home may be too expensive—or just downright scary—but the number one reason to sell your house As Is for cash instead is the home repair nightmare.

In this day and age, not a lot of home buyers are looking for the “fixer upper” experience. Most are looking for move-in-ready homes that meet their exact tastes at fixer upper prices. It’s a hard market to meet, especially if you are new to the real estate game, and especially if you don’t have the expertise to do the renovations yourself. Sometimes, renovating a home can be as simple as slapping on a fresh coat of paint, but when you are dealing with an inherited home, chances are that you are looking at renovations that are a bit more extensive. For instance, the most common renovations that prospective home buyers look for are:

  • Kitchen renovations: home buyers want premium, updated, stainless steel appliances, including the fridge, stove, dishwasher, and maybe even a garbage disposal. They are also going to be looking for granite countertops, islands, under-mounting sinks—and many of your buyers may prefer double sinks over single sinks, and vice versa. Plus, your buyers will be thinking flooring, backsplashes, paint, light fixtures, ceilings—and do they prefer open floor plans? Does that wall need to come out? Part of getting renovations right is knowing the current renovation trends, and that can be hard to do when you are new to real estate.
  • Bathroom renovations: in addition to making sure the bathroom is equipped with the everyday luxuries, like a whirlpool or Jacuzzi tub, a separate shower, double sinks, and heated floors, you may also need to consider the size and number of bathrooms that are in your home. Nowadays, people don’t just want one, which means you need to make sure your bathroom to bedroom ratio adds up.
  • Finishing the basement: where are you going to put that extra bathroom and/or bedroom? How about that unfinished basement? Home buyers will definitely be questioning your basement, and, depending on the current condition, it may take quite a bit just to finish it off—especially if you need to dig it down to level the floors and add more height—let alone adding in that top-of-the-line washer and dryer combo.
  • Checking for major problems: on top of aesthetic renovations, you may find yourself being forced to tackle much more extensive renovation. That is the nature of the repair nightmare; remove that wood paneling to replace it with drywall and you uncover an electrical or plumbing nightmare, or worse, a cracked foundation. Those aren’t the only big-ticket items you’ll need to be on the lookout for. You’ll also be looking at ensuring heating and cooling systems are up to code, and you’ll have to make sure that the roof is leak-free and stain-free.

In other words, your renovation experience can quickly turn into a home repair nightmare, leaving you with an expense you certainly weren’t anticipating. Of course, how likely is it that those contractors will finish on time? The longer it takes to finish making your home market ready, the more you spend tackling those extra bills and mortgage payments. Add to that real estate commission and finance contingencies for when it does actually hit the market, and you are quickly looking at an overwhelming expense. Sell your inherited house fast to a home buying company that will give cash for home, thus you can save yourself the cost and stress of the repair nightmare. 

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