How To Price Your Inherited Home In Stockton For Sale

January 8, 2017

If you’ve inherited a house and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Stockton for sale…

I Inherited a House But Need to Get Rid of It Did you inherit a house that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved one who has passed on, it can also (quite frankly) be a costly money pit. So selling it may make sense and it will allow you to use the gifted equity for some other purpose. But selling an inherited property may not come easy to you, especially if you haven’t sold a property in a while. So here’s how to price your inherited home in Stockton for sale…

Tip #1: Price Quick To Sell

Most people have no idea how to price their inherited property at an amount they think a buyer might pay. However, this doesn’t have be a hurdle that causes distress or procrastination. Just keep in mind that there are many factors that go into the price and one of the biggest considerations is: how fast do you want to sell? Selling through an agent “on the market” can take months, will cost a commission and you’ll have to pay the mortgage on the house and maintain the property the entire time. That can be costly and can eat into the cash at closing.

Many property owners quickly learn that they’re almost better off to price the house slightly lower for a faster sale… they might get less for the house but they also pay less on repairs, carrying costs, effort, and time, so it’s ultimately a trade-off that usually turns out to be a total wash.

Tip #2: Avoid Pricing Based On Sentimental Value, as it has No Value in Real Estate

Sell My Home in Stockton There are no crystal balls in real estate and from my experience the most difficult decision to make when selling a house revolves around the price. No one wants to be taken advantage of or hear after the sale that they could have gotten much more money if they had just done something different. Let me tell you now… no matter what you sell your inherited house for there will always be someone that will claim that they could have gotten more.

So it stands to reason that one of the biggest challenges that property owners of inherited property face when trying to price their property for sale is separating the happy memories from the true value of the house. The house might be worth a certain amount on the market but you may have such fond memories of growing up in the house or of happy times in the house that you accidentally use that emotion to inflate the price. (It happens all of the time.)

The best approach is to access the houses condition and location and look at the competition. Walk through an open house or two. See what the top of the market looks like with all of the repairs and amenities being offered, see what the bottom of the market looks like and ask a lot of questions and get the answers from the listing agents of those properties. Then find someone you trust or find a real estate company that is willing to buy the house and pay cash without commissions and closing cost. Find out what they can offer to you in cash for a fast sale, and recognize that the price might be lower than you were expecting… not because the house isn’t worth as much, but because your wonderful memories have inadvertently inflated the price!

Tip #3: Build In Discounts For Repairs

If you inherited the property from a loved one who had lived in the property for many years then you might find out that the property needs some repairs. You could choose to do this work yourself and then ask for a higher price, but why do that when you could save yourself the time and effort (and what you’d have to pay for equipment, supplies, and labor and a contractor) and instead just ask for less and give a “repair discount”. That way you avoid the hassle of the work, and you still come out the same financially.

Summary

If you need to sell your house fast we buy houses Stockton — We Buy Houses Manteca, Stockton, Sacramento, Modesto, Lodi and Tracy CA

An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in Stockton for sale.

You can bypass all the work and cost of selling through an agent and instead get in touch with us today about selling your inherited property to us here at Westbrook REI? Just call us at (209) 481-7780 or click here and enter your information in the form.

My name is Peter Westbrook and I am a local real estate investor with Westbrook Real Estate investments. I am locally based and when you call me at (209) 481-7780 you talk to me personally. I will appraise the property and show you all of the comparable sales for houses just like yours. I will make you an all cash offer and because I pay cash you can even pick the closing date. No banks, no real estate agent commissions and NO closing cost.

For more information on me and my company go to http://www.westbrookrei.com or give me a call today.

Sell My Home in Stockton

We Buy Houses Stockton, The Man Behind the Sign

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Stockton and Westbrook Real Estate Investments in Stockton, California. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Get Your Fair Cash Offer: Start Below!

We WILL BUY YOUR HOUSE in ANY CONDITION! We pay CASH and you will NOT pay any commissions or fees. Fill in your information below and get an all CASH offer for your House Fast!

Property Address*
Name
First Last
Phone
Email*
Email
This field is for validation purposes and should be left unchanged.

What Customers Say

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.