We Buy Houses In Cincinnati Ohio. If you’ve inherited a property and you’re thinking about selling it, you might have more options than you realize. We are homebuyers in OH and we are here to help you! Read this blog post to find out the 3 financial options you can pursue when selling an inherited property in Cincinnati OH.
When a loved one passes and leaves you with a property, it might be a meaningful gesture but, the truth is, an inherited property isn’t always convenient to own. There are additional bills, expenses, maintenance, upkeep, and stress; it can be time-consuming.
So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Cincinnati OH?
First, Let’s Talk About Selling Through An Agent In Cincinnati
There’s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited property first, then there are closing fees and the hefty agent commission you’ll have to pay afterward. And, this method can take months, so some people don’t like how long it takes.
So, what are the other options?
Second, Let’s Look At The Other Options In Cincinnati OH
Option #1. Refinance In Ohio
One option, which is a type of selling, is to refinance the property with a bank and use that money for other things. Although you’ll still own the house, this is a financial option that some people might consider if they are selling in order to get the money.
You can still use the house, or rent it out, and you’ll need to pay back the loan to the bank, but it’s one option to consider.
Ohio Probate Attorney Summary For Selling House
Option #2. Rent To Own In Ohio
Another option is to sell your inherited property over the long-term by selling to a tenant. Typically, these are tenants who can’t get a mortgage but want to own a house – so they’ll pay you rent and over time they’ll be able to buy the property (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up to purchase the house with a mortgage.)
Option #3. Sell Fast For Cash In Ohio
One little-known option that owners of inherited properties might enjoy is the ability to sell the house fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a home-buying company (like what we do here at Homesmith) and they’ll often purchase your home as-is for cash, usually in as little as a few days. It’s fast, simple, and doesn’t require any work.
Sell My House In Cincinnati OH
There you have it! 3 financial options you can pursue when selling an inherited property in Cincinnati OH!
If you need to sell your house in Ohio fast and can’t wait for the 3-6+ months it can take to sell your property yourself or through an agent, we can help you! We are Cincinnati OH home buyers and we offer cash for houses in Ohio. You don’t have anything to lose by seeing what we’ll offer on your property.