We buy houses in Columbus, Ohio. We are local homebuyers and we offer cash for houses in Columbus and throughout Ohio. Selling an inherited home in Ohio is not as easy as people think! Read on to learn how to sell a house you inherited in Columbus OH.
How to Sell a House You Inherited in Columbus OH
First of all, there is always that emotional bit of preparing a loved one’s house ready for sale, which most likely includes depersonalizing his or her rooms and also clearing out all the belongings. Then, there is the cost of marketing the property in order to attract potential buyers.
Usually, heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise.
Therefore, we at Homesmith have compiled a few points that should help steer you in the right direction if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Columbus OH without having to sweat much.
Get Some Advice to Sell Your Inherited Home in Columbus
The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney.
Get info from other experts too. Completely utilize this site too, of course. Homesmith also can give you a fair deal for your inherited local Columbus area home if it qualifies. Fill out the form here to get started.
Next Step: Begin the Probate Process in OH
Before you embark on the selling process, your house must go through a probate. Most countries allow for a summary probate, which is just a simple process that takes a very short time and involves less legal processes. Once your property passes the probate process in Columbus OH, you can then put it on the market.
Tax Consideration in Ohio
The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
Ohio Probate Attorney Summary For Selling House
Agreeing to Sell Your OH House
If you are ready to sell your inherited property in Columbus, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from there. Problems always arise when siblings who share the inheritance have different views – for instance, others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.
Preparing to Sell Your Property in Ohio
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. You will need to get rid of everything!
You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Columbus “as is”, you may be forced to accept a lower price, especially if your property requires extensive repairs or cleaning.
Sell My House in Columbus OH
Here at Homesmith, however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We oftentimes buy local homes in Columbus, repair and fix them up, and either rent them out or sell them to someone else looking for a great deal.
If your local Columbus house meets a few simple qualifications, we can purchase your home fast. If you think you need to sell your house in Ohio, call us. We are your local Columbus area home buyers and we can help you.