I Need To Sell My Inherited House In Groton CT, Now What?
If you inherited a home and you have no idea what to do with it. Well, you don’t have to look any further, we buy houses in Groton Connecticut and we’re perfect for you. If your thinking, “I Need To Sell My House in Groton CT” or perhaps now you are wondering, “What are your options? Should I rent or sell it? What is the best course of action? How do I put a fair price on an inherited property? We are IT. We can help!
So you inherited a property in Groton. You painfully start to realize that it is not just a home you inherited. You also inherited all the responsibilities that come with owning the property in Connecticut. Suddenly, you have a whole extra set of bills to pay, including mortgage, insurance, taxes, utility bills, lawn care, and maintenance. On top of that, you will have to decide whether to sell or keep it. If the house is in need of urgent repairs such as the need to fix a leaking roof, that too will have to come out of your pocket, immediately, or there will be even more damage.
The hardest part is often letting go of the memories, the good times and the property has been a part of. Although meaningful priceless memories and experiences, hanging on to a property you can not afford will cause serious problems in the future. You are at risk of losing both your current home and the inherited house trying to keep both. If you can not pay the bills you will lose. So what options do you have?
List Your House In Groton With An Agent
Often inherited homes are older, and there is a lot that needs fixing or at least, updating. This makes listing your property with an agent very difficult, as we have explained in a previous article that you can find here. To summarize listing a property that is not in (near) perfect condition will cost more than just agent fees, closing costs, repair costs, holding costs, and selling costs. You also have price deductions from the listing price simply because of the mere fact that work still needs to be done after the purchase and a cost associated with not knowing what else may need fixing, i.e. cost of risk when buying a property that needs repair)
Your Groton CT House – Rent it out to tenants
Those that have been a landlord before will know the challenges. Dealing with troubled tenants is a full-time job that can be very costly. Often tenants do not respect your repairs as much as you do. What if you do not have the cash to make the property tenant-friendly? And as mentioned before, often inherited homes are outdated and in need of repairs.
Local Home Buyers In Groton Connecticut
We buy houses in Groton CT fast without including agents or realtors. This means that when you sell your house in CT to us, we will purchase your property and there is virtually no cost to you. No repair cost or need to prepare your inherited house for a sale. No holding costs, no closing costs, and no agent fees. We offer cash for houses in Groton and we can close on your schedule. Give us a shot and see how much we can offer for your house in Woodbridge CT.