How to Sell a House You Inherited: Get Cash for Your House

We buy homes for cash – keep reading to find out how we buy a home you inherited too.



Selling a home that you inherited is more challenging than people think. This article will cover how to sell a house you inherited in Denver CO. One thing to keep in mind is that you can sell your house to a local “buy homes for cash” company. This strategy can make the process easier and less stressful for everyone involved. Working with a direct cash buyer is one of the best options if you want cash for your house.

Here are a few tips on how to sell a house you inherited in Denver and get cash for your house.

When you inherit a house in Colorado, it becomes your property, and you are responsible for any associated taxes or debts. If the house was part of an estate, it might be subject to probate, a legal process for settling the deceased person’s debts and distributing their assets. You may also need to transfer the title of the house into your name. Sometimes heirs have to deal with the high costs of liens and other issues. Therefore we at Dragonfly Investment and Development have compiled a few points that should help steer you in the right direction if you ever find yourself in such a dilemma.

Making the probate process go smoothly

Get some advice

The first step is recommended to seek guidance from a lawyer or financial advisor to understand the legal and financial implications of inheriting a house in Colorado. You must understand the status that your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney.

Begin the probate process in Denver

Before you embark on selling, your house must go through probate. Most countries allow for a summary probate – a simple process that takes a very short time and involves fewer legal processes. Once your house passes the probate process in Denver, you can put it on the market.

Tax consideration & financial responsibilities

The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is the gain on which you owe the taxes. Consider other costs associated with owning the property, including insurance, maintenance, and repairs. And you may need to continue paying the mortgage if the property has an outstanding loan.

Time to sell the inherited property

Determine the value

You can hire a real estate agent to help you price your home, list it on multiple listing services (MLS), market it to potential buyers, and negotiate the sale on your behalf. The agent typically charges a commission, a percentage of the final sale price.

You can determine the value yourself and put it on the market with a company that will pay a flat fee to list it on the MLS for as little as $199. This process is called “for sale by owner” (FSBO). This option can save you money on agent commissions but can require more effort and time to market and sell the home.

Get cash for your house

You can sell your home to a real estate investor who can make a cash offer on your house. This option can be faster and more convenient than selling through a traditional real estate agent or on your own.

Dragonfly Investment and Development buys homes for cash and will give you cash for your house in Denver house if it qualifies. Fill out the form here to get started.

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