While a hefty amount of our clients are those faced with troubling financial times, this is not always the case. Inheriting a home you either do not live in or no longer wish to live in is another instance our clients avail themselves of our services.
Sometimes our clients initially think they want to keep that inherited property. But if that home brings an existing mortgage with it, there are stipulations attached. Although the Garn-St. Germain Depository Institutions Act of 1982 allows relatives to assume an existing mortgage of an inherited home, the relative must then live in that home as well as assume the required payments. Another unwelcome inheritance, along with a home, may be back property taxes or liens against the property. If the estate’s executor does not address these issues before the property passes on, it becomes the problems of whoever inherits it.
No one can be legally compelled to accept an inheritance. Unwilling Florida inheritors may simply instruct the lender to foreclose upon it. But this is an unnecessarily missed opportunity to take what seems like an overwhelming nuisance and convert it to a cash profit. This is where we can help.
How To Sell A Miami Inherited Home Fast
We can offer South Florida and Miami inheritors cash sales options in lieu of simply turning that inheritance back over to the lender. Instead of maintaining the cost of the home as it winds its way through a tedious probate process, we can help inheritors bypass those costs. Homeowner fees, insurance, and maintenance costs quickly add up, and probate can take more than six months. And once the probate process has finally been achieved, the home must still either be lived in or sold, if a mortgage is being assumed.
If the house does not have a mortgage attached, it must still be maintained. Maybe it is being occupied by renters. Now the inheritor must decide if they want to become a landlord or go through the process of removing the renters. Deciding to list that home also means months of carrying the costs as the house is on the market. It’s no wonder some inheritors decide to just walk away from the house. In the midst of working through their grief at the loss of the loved one who willed that property to them, inheritors can be overwhelmed at the thought of navigating all the responsibilities attached. But we can alleviate all of these concerns. We can buy your inherited house in South Florida.
We will negotiate a deal with you that does not begin and end with a signed contract. We will help you through the entire process so it is as seamless as it can be. Our clients we have already helped will tell you how we turned their challenging times not only into a profit, but into an experience that lightened their stress attached to their inheritance.