Have you recently inherited a home from a loved one? Are you overwhelmed by the various decisions and actions that must be taken? AllHomesAz.com knows that beneficiaries of real estate take on quite a bit of responsibility, as there are several concerns when it comes to inheritance. To bequeath a home is a tremendous gesture, but it does come with complications. There is a significant financial aspect of inheritance that must be addressed. Potential problems that beneficiaries face include:
- Pressure to pay unaffordable debts
- The inheritance of mortgaged property
- Disagreements amongst relatives
- Payments of increased property taxes
- Insolvent estate (not enough assets to pay off the deceased’s bills)
- Co-ownership disputes
At AllHomesAz.com, we believe that each individual should have the right to decide whether or not they want to keep and accept inherited property. The home’s ultimate outcome should be entirely left up to the beneficiary. While the offer of something as personal as a home is an incredible gift, it can also raise conflict. The curve ball of received real estate, especially when unexpected, is an undeniable life-changing event. However, if someone has created a will and you know you are listed as the home’s beneficiary, it is time to prepare. Talk with the homeowner and express specific concerns. If possible, the beneficiary should discuss the different options with the homeowner before inheriting the property; be clear with what is wanted and unwanted, desired and undesired. Perhaps the responsibilities that come with receiving new assets are too great and the beneficiary would rather sell. It is highly possible that there might be more to gain in doing so.
We can help. AllHomesAz.com gladly provides cash for houses that have been inherited. Additionally, our company can take the property off of your hands without the need of realtors, fees or commissions. Beneficiaries should be able to grieve for their loved one without the stress that comes from inherited property – the emotional toll that comes from loss is trying enough as it is. We work hard to ensure that our customers receive a fair and honest price for their homes, including our free advice and consultation. Providing homeowners with a stress-free environment is our primary concern.
If you are interested in selling your inheritance for cash, please feel free to contact us today. AllHomesAz.com wants to help you get back on your feet, because we understand the pressure of obtaining new property and the financial challenges it comes with. AllHomesAz.com is here to serve you.
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