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Pros and Cons of Selling your Probate or Inherited Property with an Investor

Earlier posts have covered selling via an auction, and selling on your own (for sale by owner). Today, I want to share information with you on selling to an investor. This is the method to choose if you are in a hurry to sell and you will walk away with hard cash after the deal closes.

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Pros

  • You can sell the property as-is without having to make repairs. In fact, the more repairs needed, the more enticing the property is to an investor (more so than a typical home buyer) because of the sheer expense the repairs would cost.
  • You’ll get a quick and solid closing with a dependable, financially sound investor.
  • You’ll avoid commissions and other fees like an inspection.
  • You don’t have to deal with the belongings in the house. You can take anything of value and leave the rest.
  • You’ll have cash somewhat immediately available which, for some people is the quickest, most direct route to helping to move on from the loss of the loved one.

 

Cons

  • You’ll get less money for your property. Investors have a certain margin to be able to make repairs, get it on the market and make a profit. Because of that, you won’t get the amount you would if you listed.

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