If you’ve inherited a home and you don’t know what to do with it, you’re not alone. Since 2015, over 6 million homes have been sold each year in the U.S.
Selling a home can be difficult, especially when you weren’t expecting it. Luckily, we can make it easier.
Let’s talk about some simple tricks you can use to sell your inherited home in Florida.
4 Simple Tricks to Sell an Inherited Home
While it is not too complicated of a science, selling an inherited home can be a burden on the living. Luckily, the process can be made easy with a few very simple steps.
Know the Laws
When inheriting an estate, there are a few things to keep in mind for tax purposes. While Florida does not have an inheritance or estate tax, the federal government does.
However, it is very unlikely that this will apply to you. If the estate is valued in excess of $11.8 million dollars, the estate tax could be applied at up to 40%.
Considering that the average cost of a home in Florida is around $200,000, this tax will likely not apply to you. In the case that it does, make sure you follow up with a lawyer to know what is owed.
However, selling the home will still be taxed at a capital gains rate, but we have you covered.
This one sounds obvious, but make sure you only clean out what you want to keep. Any personal belongings or anything of sentimental value should be removed.
You have options for the rest.
Keeping the furnishings in the home, assuming they are in good shape, will give a buyer options if they are looking for furniture or if they want to keep get an idea of a nice layout for the home.
If you sell it off to a trusted company, they can take care of the rest.
Make sure that you take quality pictures of the interior and exterior of the home to attract more inquiries and potential buyers.
Find out how to take pictures to sell your home so you can optimize the buyers’ interest.
Sell For Cash
Selling for cash to a trusted real estate business eliminates several costs. You will not have to pay for a realtor, you will have to do less clean-up, and you will not have to spend on updates or renovations.
This can be a great option for people looking to sell as fast as possible, and who don’t want to put a lot of work into something they’ll be selling off.
Now that you’ve learned how to sell your inherited home in Florida, it is best to speak to the professionals and get the cash you deserve.
We have a trusted team that will give you the cash that you need for your home today, so don’t stress about it.
Don’t think you can sell your home this easily? Well, we think it’s possible to sell your home in a week.