If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 practical tips about how to price your inherited home in Texas for sale to get a win-win solution…
Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it often becomes a costly burden that limits your freedom. Selling makes sense and allows you to use the gifted equity for other purposes. But selling an inherited property may not come easy, especially if you haven’t sold real estate recently. Here’s how to price your inherited home in Texas for a fast, cash sale:
Tip #1: Price Competitively To Sell Quickly
Many people price their inherited property based on what they think the market might pay, without considering how quickly they need to sell. Selling through an agent “on the market” can take months, during which you’ll have to pay for and maintain the property. These ongoing expenses can be substantial and ultimately eat into any higher price you might receive. At Electrum Properties, we understand these challenges and offer solutions to help you get your freedom back.
Property owners often discover they’re better off pricing slightly lower for a faster sale. While you might get less for the house upfront, you also pay less on repairs, carrying costs, effort, and time. This trade-off frequently results in a similar financial outcome, but with significantly less stress and a faster resolution to your real estate problem.
Tip #2: Avoid Pricing Based On Fond Memories Or Emotion
One of the biggest challenges when pricing inherited property is separating emotional attachments from the property’s true market value. Your fond memories of growing up or spending time in the house can unintentionally inflate your price expectations. This emotional connection is completely natural but can create obstacles when trying to sell the property quickly and move forward with your life. (This happens VERY frequently.)
A more practical approach is working with a cash home buying company like ours that specializes in solving real estate problems. We can provide a fair cash offer that might be lower than your initial expectations—not because the house isn’t valuable, but because we’re accounting for the repairs, market conditions, and providing the benefit of a fast, hassle-free transaction that helps you get your freedom back!
Tip #3: Build In Discounts For Repairs
Inherited properties often need significant repairs, especially if your loved one lived there for many years. You could tackle these renovations yourself and ask for a higher price, but why invest that time, effort, and money when you could simply sell the house as-is? By accepting a fair price that accounts for the needed repairs, you avoid all renovation hassles while achieving similar financial results. At Electrum Properties, we buy houses in any condition, giving you a straightforward solution to this common problem.
Summary
Managing an inherited house requires considerable work and resources, so if you’re considering selling, you’re certainly making a smart choice. The pricing tips we’ve shared will guide you on how to realistically price your inherited home in Texas for sale, helping both you and your community with a win-win solution that lets you move forward.
Why not bypass all the work, stress, and waiting associated with traditional selling and instead contact us today about selling your inherited property directly to us at Electrum? Just call us at 806-630-0875 or click here and enter your information in the form.