What Happens When You Inherit a House?
Inheriting a home comes with both emotional and financial considerations. While it may hold sentimental value, it also comes with responsibilities like property taxes, maintenance, and possibly an outstanding mortgage. Many people who inherit a home in Richmond, VA, wonder what to do next—should they keep it, rent it out, or sell it?
If selling the house quickly is your goal, it’s important to understand your options. A traditional sale with a real estate agent may take months and require repairs while selling to a cash home buyer provides a faster and hassle-free alternative.
Challenges of Selling an Inherited Home
Selling an inherited house isn’t always as straightforward as selling your primary residence. Here are a few common obstacles homeowners face:
- Probate Process – If the property was not placed in a trust or transferred through joint ownership, it may need to go through probate court, delaying the selling process.
- Unpaid Mortgages and Taxes – Some inherited properties come with unpaid mortgages, property tax liens, or other debts that must be settled before a sale.
- Repairs and Maintenance – Many inherited homes require costly repairs, from structural issues to outdated electrical and plumbing systems.
- Emotional Attachment – Deciding to sell a family home can be difficult, especially when there are strong emotional ties to the property.
If you want to sell the home quickly without making repairs or dealing with legal headaches, working with a cash home buyer may be the best solution.
Your Best Options for Selling an Inherited House in Richmond
1. Sell With a Real Estate Agent
Hiring a real estate agent is the traditional way to sell a house. A realtor can help market the home, list it on the Multiple Listing Service (MLS), and negotiate with buyers.
Pros:
- Increased exposure to potential buyers
- Assistance with contracts and paperwork
Cons:
- Requires home inspections and potential repairs
- Commissions and closing costs reduce your profit
- Can take several months to close the sale
If you’re not in a hurry to sell and are willing to spend money on repairs and agent commissions, this may be a good option.
2. Sell the House Yourself (For Sale By Owner – FSBO)
Some homeowners choose to sell the house on their own to avoid paying real estate commissions. This approach, known as For Sale By Owner (FSBO), gives you full control over the sale.
Pros:
- No commission fees to pay
- Full control over pricing and negotiations
Cons:
- Requires time and effort to market the property
- Limited access to qualified buyers
- Handling legal paperwork can be complicated
FSBO sales can work if you have experience in real estate transactions, but for many homeowners, the process can be overwhelming.
3. Sell Your Inherited Home for Cash
If you want to sell your home fast, without repairs, and with no agent fees, selling to a cash home buyer is a great option. Home Buyers of Virginia specializes in buying inherited houses in Richmond, no matter the condition.
Pros:
- Fast closing, often within 7 days
- No need for repairs, inspections, or staging
- No real estate commissions or closing costs
- Guaranteed sale without waiting on mortgage approvals
- Cash offers with no obligation
Selling for cash eliminates the stress of dealing with contract contingencies, delayed financing, and buyer negotiations.
How to Sell Your Inherited House for Cash in Richmond
- Step 1: Contact a Cash Buyer: Call Home Buyers of Virginia or fill out a short online form with details about the property.
- Step 2: Receive a No-Obligation Offer: After a quick property assessment, you’ll receive a fair, all-cash offer within 24 hours.
- Step 3: Choose Your Closing Date: Once you accept the offer, we handle all the paperwork and allow you to pick a closing date that works for you.
- Step 4: Get Paid in Cash: On closing day, you receive cash for your house, and the sale is complete—no delays, no hidden fees.
Why Choose Home Buyers of Virginia?
Home Buyers of Virginia makes selling an inherited house fast, stress-free, and fair. We understand the challenges of dealing with an inherited property, and we handle all the details, so you don’t have to.
- No repairs needed – We buy homes as-is
- No realtor commissions or fees
- Fast closings in as little as 7 days
- Local real estate experts who understand the Richmond market
If you’re facing the decision of what to do with an inherited home, selling for cash is a quick, hassle-free option that allows you to move forward without unnecessary stress.
Sell Your Inherited House in Richmond Today
If you’ve inherited a house in Richmond and want to sell it quickly, without making repairs or paying commissions, Home Buyers of Virginia is here to help. Call us today at 804-214-6410 or fill out our online form to receive a no-obligation cash offer in 24 hours!