While the news you’ve inherited a house may sound like a windfall, you may have an entirely different perspective if you should discover you’ve inherited a hoarder house. Inheriting a house from a hoarder brings a unique set of considerations. Hoarders assign value to possessions that no longer serve them and fill their homes with these items. In addition, these homes pose a fire hazard to the surrounding properties and any occupants, with exits challenging to reach, and health risks because they attract rodents.
While your loved one may have had the best intentions in leaving you their house, when you have a hoarder house on your hands, you may be overwhelmed by the amount of work ahead of you. Read on as we explore these five tips to help if you have inherited a hoarder house in Lynchburg VA.
Take Up Residence
Our first tip if you have inherited a hoarder house in Lynchburg VA is to consider taking up residence. However, moving in is not so easily accomplished with homes in this condition; you’ll have to ready the house, including the clean-out and repairs. In addition, it can be tough to assess the condition of a property when piles are lining every available space from floor to ceiling.
Suppose you aren’t interested in living in the property. In that case, you can forget about making the repairs and doing the prep work or passing an inspection by selling directly to a local cash home buyer like those at Linken Investments. A cash investor from Linken Investments will buy your hoarder house as-is for cash. You don’t need to clean, paint, or fix a thing.
Rental Property
Another tip if you’ve inherited a hoarder house in Lynchburg VA is to consider making it a rental property. Being a landlord means you’re now in the real estate investing business and dealing with people, so it helps to be a people person. Owning an investment property requires following all local, state, and federal laws concerning tenants; missteps in this area can be extremely costly.
Additionally, you should establish a stringent tenant screening process and ensure you keep your documents and records organized to realize the full potential of any tax benefits. You should also be prepared to respond promptly to emergencies, night or day, when your tenants call. Investors like those from Linken Investments work with top-notch property managers who can help you avoid the costs of undesirable tenant placements.
Selling
What if you’ve inherited a hoarder house in Lynchburg VA and decide to sell the property? In that case, one of the cornerstones of conventional real estate sales is the showing process which requires sellers to prepare the property to sell for the highest possible profit. Or perhaps you’ve thought of prepping the house, listing it as an FSBO, and selling it yourself to save the real estate commissions. There are many reasons FSBO sales rarely work out in favor of the seller, such as limited marketing and a failure to properly screen buyers among them. So our next tip is to sell by working with local cash home buyers like those at Linken Investments, who will buy your hoarder house, paying you a fair market value without charging any real estate commissions.
Holding Costs
If you have inherited a hoarder house in Lynchburg VA. Another tip is understanding the costs of holding the property, such as the mortgage, taxes, insurance, and utilities, adding a financial strain to your life. Additionally, there is the emotional cost of losing precious time with family and friends as you take on the monumental task of digging into the piles and cleaning the house. It may be worthwhile to hire professionals to take on the job.
However, if you’re under a time crunch or the financial burden is too much, and you want to sell, a cash home buyer like those from Linken Investments will provide you with a fair cash offer, guaranteed closing date, with no closing costs in just days.
Linken Investments
If you inherited a hoarder house in Lynchburg, a direct sale to a cash investor at Linken Investments is the best tip. A cash investor from Linken Investments will walk you through the process, taking the time to listen to you and answer any questions or concerns you may have without any obligation. If you’d like to know what you would profit from listing vs. a direct sale, start with a cash investor from Linken Investments.
At Linken Investments, our policy is full transparency because we want you to feel good about working with us long after the closing. The cash investors at Linken Investments will lay all the numbers on the table, detailing the expenses and profit of each sales method so you can make an educated decision about what works best for you. If you have inherited a hoarder house in Lynchburg VA, why not talk to one of the cash investors at Linken Investments today? Call Linken Investments at 434-390-2906.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your Lynchburg area home on your schedule and for the highest price. We provide you a way to explore all your options, letting you choose whether you want to maximize the price of your sale by listing on the MLS or whether selling fast and simply is more important to you.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Lynchburg area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works best for you. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Lynchburg house fast and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!