Inherit A Property? How To Sell Quickly

Grayscale Photograph of High-rise Building

When a family member passes, it is a sad time.  If that family member left a property to you, especially if you weren’t expecting that, it becomes a situation that you need to deal with.  But how?  If you have your own home, and the property you inherited isn’t one you want to leave your own home for and move into, what’s the best way to sell that property with the least amount of hassle?

Costs of Inheriting Property

Other than having to deal with all the added responsibilities of ownership of an inherited property, are you liable for any taxes?  Three potential costs related to inherited property include any mortgages, home insurance, and, of course, taxes.  Taxes could come about in three forms: income tax, capital gains tax, and inheritance tax.  There could also potentially be a local council tax.  If you are not well-equipped to handle these extra costs, the best thing to do is sell your inherited property as quickly as possible.

Sell Inherited Property Fast

If you have come into possession of an inherited property that you really didn’t want and/or ` have the time or resources to put toward fixing it up, it is definitely time to call a property purchasing company.  If you were to decide to use an estate agent to sell the property, there certainly is no definitive timeframe as to when the house might sell.  When you become the owner of the inherited property, you become responsible for its management.  That can be a time-consuming and costly endeavour.

No Repairs, No Viewings

When you choose a credible and reputable property purchasing company in the UK to move your inherited property, a great deal of stress is removed from your shoulders.  The company has the funding intact to make you a cash offer on the property within 24 hours, often completing the sale within 2-3 weeks, if not sooner.  The property company buys homes in any condition and there will be no viewings or showings of the home necessary.  That can remove a lot of stress from your mind and that can offer you peace of mind.

Cash Offer

A property purchasing company will make you an “Offer in Principle” first, based on their experience in the local market and internet research.  Qualified surveyors will then visit the property to inspect it.  All surveyor fees and legal fees will be paid by the company, not you.  Surveyors should be chartered by the RICS, the Royal Institution of Chartered Surveyors.  The company will make you an offer of between 80 and 85 percent of the direct market value.  This 15 or 20 percent is what the company earns by making this incredibly fast and easy offer for your home.

When you need to sell a home or property quickly, using an experienced property purchasing company is often the best choice.  They will pay you cash fast and remove the potential burden of inherited property so you can focus on other aspects of your life.

We are proud members of...

  • NAPB
  • RICS
  • The Property Ombudsman
  • Trading Standards

We are proud to be the most regulated property buyer operating in the ‘Quick House Sale’ industry. We are an active member of the NAPB (National Association Of Property Buyers) and are RICS regulated, which means you can have every confidence of selling your home with us quickly & easily.