Sell an Inherited House Quickly
Did you inherit a house?
Selling an inherited house can be simple or difficult.
It is often the most controversial part of dealing with the estate, particularly if there are many other beneficiaries involved. One house I worked on had at least 17, and about 5 of them could not be found. You may even have to deal with the tax or taxes on an inherited house.
If there is a Will directing what is to happen to the estate matters are more straightforward.
However, if the deceased is intestate, things are often more protracted and complicated.
Keep open and clear communication between all parties from the start. It sounds simple but emotions may be running high particularly if the dead person was a close relative and perhaps the inherited property was the “family home”.
To sell an inherited property it is wise to establish what each party needs and reach a clear collective agreement as to whether to sell an inherited property and if so at what price and what the ideal timescale should be. This discussion will avoid discord further down the line and help to resolve matters smoothly and amicably.
If there is a need to sell the inherited property a cash buyer could be a good solution. True there will be a compromise on price but a guaranteed quick sale will often outweigh any shortfall.
How to sell your inherited house
Get our Cash Offer for Your House in 24 Hours. We may be your best solution, so give us a try. At least give us a call at 804-915-9475, or fill out our form below.
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Written by - Visit ChrisBuysHousesVA.comSave Your House From Foreclosure
The Richmond Times Dispatch reported in “Federal mortgage plan may benefit you, with debt reductions for many, someone will have to absorb loss in values”
The federal government’s Hope for Homeowners plan started Oct. 1, and a “proactive home-retention program” for some Countrywide customers will begin by December.
Both initiatives promise to help qualified homeowners avoid foreclosure by giving them lower monthly house payments.
About 8,000 borrowers in Virginia who took out risky mortgages through Countrywide will be eligible for cheaper loans. . . . .
“The [Hope for Homeowners] program is a compassionate means to assist those homeowners who under other circumstances might be able to refinance out of their excessive housing debt,” said David Downs, director of the Kornblau Institute of real estate at Virginia Commonwealth University.
“Unfortunately, this program is not a win-win for all parties,” Downs said. “One aspect of the program involves a reduction in the outstanding debt for the consumer. Someone, and it could be your pension plan as an investor, is going to lose that value.”
Here is how the program will work according the the article:
If a lender can be persuaded to participate in Hope for Homeowners, here’s how it would work: The lender would forgive all the debt over 90 percent of the home’s currently appraised value, and allow the homeowner to refinance with an FHA-insured mortgage.
Borrowers who take advantage of Hope for Homeowners will have to share their house price appreciation with the government when they refinance the loan or sell the house.
Depending on how long they have the loan, they will have to give the government as little as half and as much as all of the gain in the home’s value.
To qualify:
The program is only available to owner occupants and will offer 30-year fixed rate mortgages. Other criteria the borrower must meet include:
- The home is their primary residence, and they have no ownership interest in any other residential property, such as second homes.
- Their existing mortgage was originated on or before January 1, 2008, and they have made at least six payments.
- They are not able to pay their existing mortgage without help.
- As of March 2008, their total monthly mortgage payments due were more than 31 percent of their gross monthly income.
- They certify they have not been convicted of fraud in the past 10 years, intentionally defaulted on debts, and did not knowingly or willingly provide material false information to obtain their existing mortgage(s).
This is an option for you to help you save your house from foreclosure in Richmond VA. In fact, you should try it first. It is one of your many options to avoid foreclosure in Virginia.
If you find that you cannot save your house through this loan modification, give us a call at 804/915-9475. We are professional home buyers and we might be able to buy your house. We will not buy it and lease the house back to you. That is not allowed in VA.
If you don’t want to call, simply fill out this form and we’ll attempt to help you sell your house fast.
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Written by - Visit ChrisBuysHousesVA.comLet Us Buy Your House Fast
To receive our offer, please take just a few moments to fill out this form. Some information is required, some is not. The more information you can provide us, the better we are able to analyze the situation.
Don’t want to mess with the form? Simply call at 804/915-9475.
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Written by - Visit ChrisBuysHousesVA.comIs Your House Priced Right?
A seller called me once and wanting to unload his house in a hurry. He wanted to sell his house fast, but was only willing to cut the price about 10% off the appraisal.
However, several things stood in his way.
- The appraisal was over inflated.
- For the same price, one could find a better neighborhood.
- The appraisal compared houses with AC to this one which didn’t have AC.
The only way to sell this house fast is to cut the price to level that would get a sale. Even at that price, there are still better neighborhoods in the school district.
Notice this take on housing prices
Source: Homeowners Delusional On Values – More Dangerous Than Banking Crisis?
Rob Blake reports on a Zillow survey showing in fast relief just how out of touch the average home owner is when it comes to evaluating their own home’s value. He takes a spin wondering if that will lead to a real estate freeze, not because of lending requirements, but because no one wants to pay an inflated price.
Written by - Visit ChrisBuysHousesVA.comZillow’s survey says that half of home owners think their homes are worth the same as they were a year ago. 32 percent believe their home went up in value and 17 percent feel their home decreased in value.
Compare this to the reality that about 75% of all homes lost value since last year…we see just how delusional home owners really are
We Buy Houses in Foreclosure in Virginia
We buy houses that face foreclosure in Virginia.
Anywhere in the state. Your house in foreclosure process might be in Richmond, Henrico, Chesterfield, Petersburg, Colonial Heights, or even out in Roanoake, Lynchburg, or any other county in Virginia.
If your house is facing foreclosure in the state of Virginia and you want to sell your house fast, contact us directly at 804/915-9475 or fill out our Avoid Foreclosure form right here.
We typically respond within 30-45 minutes during working hours, and during the morning from overnight requests. Doesn’t matter what time of day you want to fill out this avoid foreclosure form.
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List of Counties and Cities in Virginia
VIRGINIA COUNTIES
- Accomack County
- Albemarle County
- Alleghany County
- Amelia County
- Amherst County
- Appomattox County
- Arlington County
- Augusta County
- Bath County
- Bedford County
- Bland County
- Botetourt County
- Brunswick County
- Buchanan County
- Buckingham County
- Campbell County
- Caroline County
- Carroll County
- Charles City County
- Charlotte County
- Chesterfield County
- Clarke County
- Craig County
- Culpeper County
- Cumberland County
- Dickenson County
- Dinwiddie County
- Elizabeth City County
- Essex County
- Fairfax County
- Fauquier County
- Fincastle County
- Floyd County
- Fluvanna County
- Franklin County
- Frederick County
- Giles County
- Gloucester County
- Goochland County
- Grayson County
- Greene County
- Greensville County
- Halifax County
- Hanover County
- Henrico County
- Henry County
- Highland County
- Isle of Wight County
- James City County
- King and Queen County
- King George County
- King William County
- Lancaster County
- Lee County
- Loudoun County
- Louisa County
- Lunenburg County
- Madison County
- Mathews County
- Mecklenburg County
- Middlesex County
- Montgomery County
- Nansemond County
- Nelson County
- New Kent County
- Norfolk County
- Northampton County
- Northumberland County
- Nottoway County
- Orange County
- Page County
- Patrick County
- Pittsylvania County
- Powhatan County
- Prince Edward County
- Prince George County
- Prince William County
- Princess Anne County
- Pulaski County
- [Old] Rappahannock County
- Rappahannock County
- Richmond County
- Roanoke County
- Rockbridge County
- Rockingham County
- Russell County
- Scott County
- Shenandoah County
- Smyth County
- Southampton County
- Spotsylvania County
- Stafford County
- Surry County
- Sussex County
- Tazewell County
- Warren County
- Warwick County
- Washington County
- Westmoreland County
- Wise County
- Wythe County
- York County
- Alexandria
- Buena Vista
- Danville
- Fredericksburg
- Lynchburg
- Newport News
- Norfolk
- Petersburg
- Portsmouth
- Richmond
- Roanoke
- South Boston
- Staunton
- Williamsburg
- Winchester
