Inheriting a relative’s property is an emotional and stressful time. Moving the property on, releasing its funds and getting some degree of closure shouldn’t be. A house buying company can purchase the property fast and discreetly without the delays and intrusiveness of an open market sale helping you get on with the important things.
Getting probate granted, which needs to happen before you can legally sell an inherited property, can be a long process in itself often taking many months. Add on top of that, clearing the property, preparing it for sale, marketing it and finding a willing buyer the whole process can easily take over 12 months, during which time you may be required to make an inheritance tax payment on the estate and you will need to continue to pay any bills associated with the property.
A house buying company can expedite the process by making you an offer, which you can accept even during the probate process, and can do all of the work to purchase the property so that the sale can happen either immediately or shortly after probate has been granted. Saving you time and granting you access to the funds tied up in the property in as short a time as possible. If probate has already been granted they can generally purchase the property in as little as 14 days if necessary or anytime to suit you thereafter.
The only drawback with this service is that you will get less than market value for the property but if you value drawing the chapter to a close in a timely manner without the hassle and stress of an open market sale that cost can seem insignificant.
So while you might agree a higher price with an open market sale. After you factor in the extra time, effort, uncertainty, stress and costs involved, selling to a company for a slightly reduced amount but for a fast and certain sale might seem more appealing.
To get a better understanding of how a house buying company works and to get a free house buyer valuation on your property click on the ‘free valuation’ button below and answer a few simple questions to get matched with the best buyer for you.
Answer a few simple questions to find out what a cash offer from a genuine buyer might look like by clicking the ‘cash offer calculator’ button below or if you want the gurus help finding the best house buying company for your property you can use our buyer matching service by clicking on the ‘find a buyer’ button.
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