Sell property you’ve inherited
25-Jan-2008
For many, inheriting a property is a dream come true. It may allow you to move to a bigger home or a nicer area, or it may provide an additional income through general or holiday rentals. For some, however, an inherited home is a burden and it can be easier to sell the property than to keep it.
Reasons to sell your property
There are several reasons why you may need to sell a property that you have inherited:
• Location – your inherited property may be miles away from where you live. This is becoming increasingly likely as children move away from parents and grandparents. If you live in London, it can be very difficult to manage a property that's in Cornwall or Lancashire – even travelling few miles can be difficult if you are busy.
• Cost – even though you've inherited the property, you may find it adds to your outgoings. The mortgage may be paid off, but you will still have to pay council tax and utility bills. You will also have to insure the building and its contents. If the house is standing empty, you're not getting any value for your money and it may be best to sell the property as soon as possible.
• Maintenance – If you've inherited a property that's become run-down or needs updating before you sell, you're landed with a big job. Whether you do the work yourself, or hire a professional to do it for you, you're looking at an outlay of time and money that you weren't expecting.
Once you've decided to sell the property, you need to think about the best way to do it. In many cases, you can sell through an estate agent, but if you want to get the property off your hands as quickly as possible, without having to worry about updating it before you sell, think about selling to an independent property company. This not only guarantees a price and a timescale for your sale, but means that you can sell your property no matter what condition it's in or where it is.
Quick Direct Sale has been established to help you to sell property. With no additional fees and a contribution towards your legal fees, we offer a fast, friendly service, and the ideal way to sell your house – no matter what your circumstances. We use surveyors from the Royal Institute of Chartered Surveyors and we don't put any pressure on you to sell. If you'd like to learn more, call our 24 hour phone line on 0800 1956 584 or email info@quick-direct-sale.co.uk.