While the news you’ve inherited a house may sound like a windfall, you may have an entirely different perspective if you should discover you’ve inherited a hoarder house. Inheriting a house from a hoarder brings a unique set of considerations. Hoarders assign value to possessions that no longer serve them and fill their homes with these items. In addition, these homes pose a fire hazard to the surrounding properties and any occupants, with exits challenging to reach and health risks because they attract rodents.
While your loved one may have had the best intentions in leaving you their house, unfortunately, when you have a hoarder house on your hands, you may be overwhelmed by the amount of work ahead of you. So read on as we explore these five tips to help if you have inherited a hoarder house in Delaware County.
Take Up Residence
If you are looking to sell your inherited hoarder house in Delaware County, working with a local cash investor is an excellent option. Not only will they purchase the property quickly and provide a fast closing process with no need for repairs or clean-out, but they also have experience dealing with such properties and can help you get the best deal possible. If you decide to go this route, be sure to ask plenty of questions up front to make sure the terms of the sale are clear and that all paperwork is in order. With any luck, selling your inherited hoarded home in Delaware County could be much simpler than imagined!
Rental Property
Another tip if you’ve inherited a hoarder house in Delaware County is to consider making it a rental property. Being a landlord means you’re now in the real estate investing business and dealing with people, so it helps to be a people person. Owning an investment property requires following all local, state, and federal laws concerning tenants; missteps in this area can be extremely costly. Additionally, you should establish a stringent tenant screening process and ensure you keep your documents and records organized to realize the full potential of any tax benefits. You should also be prepared to respond promptly to emergencies, night or day, when your tenants call. Cash investors like those from Unlimited Real Estate Solutions work with top-notch property managers who can help you avoid the costs of undesirable tenant placements.
Selling
If you’ve inherited a hoarder house in Delaware County and decide to sell the property. In that case, one of the cornerstones of conventional real estate sales is the showing process which requires sellers to prepare the property to sell for the highest possible profit. Or perhaps you’ve thought of prepping the house, listing it as an FSBO, and selling it yourself to save the real estate commissions. However, there are many reasons FSBO sales rarely work out in favor of the seller, such as limited marketing and a failure to properly screen buyers among them. So our next tip is to sell by working with local cash investors like those at Unlimited Real Estate Solutions, who will buy your hoarder house, paying you a fair market value without charging any real estate commissions.
Holding Costs
Suppose you inherited a hoarder house in Delaware County. Another tip is understanding the costs of holding the property, such as the mortgage, taxes, insurance, and utilities, adding a financial strain to your life. Additionally, there is the emotional cost of losing precious time with family and friends as you take on the monumental task of digging into the piles and cleaning the house. It may be worthwhile to hire professionals to take on the job. However, if you’re under a time crunch or the financial burden is too much, and you want to sell, a cash investor like those from Unlimited Real Estate Solutions will provide you with a guaranteed closing date, with no closing costs in just days.
Unlimited Real Estate Solutions
If you inherited a hoarder house in Delaware County, a direct sale to a cash investor at Unlimited Real Estate Solutions is the best tip. A cash investor from Unlimited Real Estate Solutions will walk you through the process, taking the time to listen to you and answer any questions or concerns you may have without any obligation. If you’d like to know what you could profit from listing vs. a direct sale, start with a cash investor from Unlimited Real Estate Solutions. At Unlimited Real Estate Solutions, our policy is full transparency because we want you to feel good about working with us long after the closing. The cash investors at Unlimited Real Estate Solutions will lay all the numbers on the table, detailing the expenses and profit of each sales method so you can make an educated decision about what works best for you. If you have inherited a hoarder house in Delaware County, why not talk to one of the cash investors at Unlimited Real Estate Solutions today? Call Unlimited Real Estate Solutions at 484-286-5595.