We Buy Houses In Hillsborough New Jersey. If you’ve inherited a property and you’re thinking about selling it, you might have more options than you realize. We are home buyers in New Jersey and in this blog post, you will find out the 3 financial options you can pursue when selling an inherited property in Hillsborough NJ.
When a loved one passes and leaves you with a property, it might be a meaningful gesture but, the truth is, an inherited property isn’t always convenient to own. There are additional bills, expenses, maintenance, upkeep, and stress; it can be time-consuming.
So if you are thinking of selling, you might first be thinking about selling with the help of a real estate agent. However, you might be surprised to learn that you have options that you may want to consider as well. In fact, did you know you have 3 financial options you can pursue when selling an inherited property in Hillsborough NJ?
First, Let’s Talk About Selling Through An Agent In Hillsborough NJ
There’s nothing wrong with selling through a real estate agent but you should be aware that an agent may have you fix up the inherited property first, then there are closing fees and the hefty agent commission you’ll have to pay afterward. And, this method can take months, so some people don’t like how long it takes.
So, what are the other options?
Second, Let’s Look At The Other Options In Hillsborough NJ
Option #1. Refinance The New Jersey Property
One option, which is a type of selling, is to refinance the property with a bank and use that money for other things. Although you’ll still own the house, this is a financial option that some people might consider if they are selling in order to get the money.
You can still use the house, or rent it out, and you’ll need to pay back the loan to the bank, but it’s one option to consider.
Option #2. Rent To Own In New Jersey
Another option is to sell the property over the long term by selling to a tenant. Typically, these are tenants who can’t get a mortgage but want to own a property – so they’ll pay you rent and over time they’ll be able to purchase the property (either by paying you an additional amount above their rent that will go toward the purchase of the property, or, by waiting until their credit is cleaned up to purchase the property with a mortgage.)
Option #3. Sell Fast For Cash In New Jersey
One little-known option that owners of inherited properties might enjoy is the ability to sell the house fast for cash. Instead of selling through an agent (and hoping they can find a buyer, which can take months), you can work with a home-buying company (like what we do here at DNT Home Buyers) and they’ll often purchase your home as-is for cash, usually in as little as a few days. It’s fast, simple, and doesn’t require any work.
Sell My House In Hillsborough NJ
There you have it! 3 financial options you can pursue when selling an inherited house in Hillsborough NJ!
If you are ready to sell your house in NJ, we’d love to make you a fair cash offer on your property. We’re professional Hillsborough NJ home buyers and we offer cash for houses in New Jersey. We can close quickly (in as little as 7 days if you wanted to) which would save you thousands of dollars vs. trying to sell the property yourself and waiting for months.