Often, homeowners leave their house to beloved family or friends with the best intentions. Other times, the house gets left to whoever the court says gets it. While it may seem like a windfall when you find out that someone has inherited property, the realities are not always so wonderful. It can be beneficial to understand the problems that could arise for those who get the house, so read on as we explore five downfalls of inheriting a house in Kansas City.
Distance
If you live across the country, distance can cause issues when you’re inheriting a house in Kansas City, especially if other beneficiaries are involved.
We have seen many executors of estates who live out of the area who have to take several weeks off from work, sometimes multiple times to fly into Kansas City and deal with the house. Cleaning it out takes time, getting it ready to sell takes time, and dealing with other families takes time. Often time that is filled with sadness at loved ones passing and anger and fighting with other heirs when they can’t agree.
We have helped many families through this situation. In most cases, they got together and went through the house because they just didn’t know what mom and dad had hidden away in drawers and closets, one family found all kinds of financial statements to accounts they knew nothing about. We have helped other sellers who didn’t care one bit about anything in the house, leaving everything, except the vintage motorcycle with the house.
When you inherit a house in the KC metro and live out of the area, working with a highly reliable local representative, like the Tuckers at kcmoHomeBuyer is a must. We can provide you with the assistance you need to take care of business, no matter where in the world you are located. We have services that can help you clean out the house and make repairs, or just skip it and leave all the hard parts to us.
Unified Decisions
Several people are often listed together on the will, and inheriting a house in Kansas City can become highly complicated if you cannot agree on the steps to take with the property.
We’ve had to have a contract make the rounds by mail to 20 different people who all needed to sign on the contract, which was fine because we had 6 months to work through the probate process. We have had another situation where the sister didn’t trust her brothers to pay her the 1/3 of the proceeds, so we had to work out a way for her to get paid before she signed the closing papers, just to make sure she was satisfied.
What we do know is that when there are several people involved in making decisions, everyone has to agree. To do that you need the facts laid out in a clear and concise manner so you can compare a hands off, all-cash, fast closing offer to the costs of doing a little work and then listing the home as-is, or doing a lot of work and listing the home as repaired.
We can help you explore your options, compare timelines and costs, and help you get the best outcome for you and your family.
Clean Out
It can be highly emotional after losing your loved one and finding yourself going through belongings and cleaning out the property when you are inheriting a house in Kansas City. Many people find the experience extremely overwhelming.
One benefit of making a direct sale to a professional investor like those at kcmoHomeBuyer, our full-service team will clean up the property inside and out; just take what you want and leave the rest to us!
Expensive
Inheriting a house in Kansas City means inheriting the monthly bills and responsibility for repairs and maintenance, along with any debt legally attached to the property. Unfortunately, few properties come to their beneficiaries in perfect condition. Often the home has fallen into severe disrepair, and overgrowth is now threatening the structure. Should you find yourself in a similar position, you should know that when you make a direct sale to a company like kcmoHomeBuyer, our professional investors buy houses as-is, taking all of the risks of repairs onto our shoulders.
Time
In many cases, financial obligations that accompany the property when inheriting a house in Kansas City require a fast sale. Cash buyers often try to use this to their advantage, making insultingly low offers. However, you won’t be taken advantage of when working with a professional investor from kcmoHomeBuyer. Our offer comes with a guaranteed closing date without any pressure. At kcmoHomeBuyer, we have the flexibility to set the closing date around your schedule to make the sale as convenient as possible for you.
Are you inheriting a house in Kansas City and unsure about the next step? At kcmoHomeBuyer, we will answer any questions or concerns to help you reach a consensus on an educated decision, with no obligation. Contact kcmoHomeBuyer today at (816) 408-3600 to learn more.
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NOT PENALIZED FOR NOT GETTING EVERYTHING CLEANED OUT OF THE HOUSE
I liked the fact that I wasn’t penalized or felt pressure for not getting everything cleaned out of the house. There was over 40 years and three families’ worth of treasure stored in the house, making me feel that the challenge of cleaning it was going to be impossible. I did what I could and you never hesitated in telling me that it’s ok to leave the rest behind.