Hi everybody, this is Alex from Coastal Edge Homebuyers. Today in this video we want to cover a situation where you’ve inherited a house, let’s say it’s in Norfolk, VA, and you live out of state and now you want to know what to do with this inherited house. In most cases, in these inheritance situations if an elderly person passes away and especially if you live out of state, it’s very difficult to do repairs on the house, getting all the heirs together, all the siblings putting project plans together to actually repair the house and maybe put it on the market if you want to get maximum retail value for this house. You have to clean it up completely, you have to think about what to do with all of those things that are in there – who gets what and who and when it’s a very time-consuming process. On top of that, if you want to repair – do any necessary updates it’s going to cost you a lot of time and money and, project management skills to actually put the projects together, hire the crews – different types of contractors to go in and fix up the house you know there could be windows, flooring, electrical, plumbing, roofs – everything basically. Especially with older houses, in order for that house to be properly rehabbed, it’s going to cost a lot of time and money usually two to four months of time and a lot of money.
Is Rehabbing A Feasible Option For You?
In today’s market the average price is around here in the neighborhood of $300,000 and it can easily cost about a third of that to rehab fully that house that’s been neglected for many years now of course there’s different levels of rehab depending on the location of the house and all the other houses that are comparable to yours, so there’s many different ways to do this you can do minimal rehab average or best rehab for maximum return on investment. Again, all of these options are great if you have a lot of time and money on your hands and people that are willing and able to help you, but if you live out of state in many cases people just resort to just selling the house as-is and this is exactly what we specialize in – selling your house as-is to a direct house buyer like us – Coastal Edge Homebuyers – maybe your best option, and here is why – you don’t have to do any repairs, any cleanup! You can pick up things that you want from the house, that’s not a problem, we can even help you with that, but as far as any other repairs or updates you don’t have to do any of that, you don’t have to go through agents, no commissions, no closing costs whatever number we agree on is what you get on the closing table! It’s really that simple.
So What Exactly Are Your Benefits If You Sell As-Is?
Actually, you can even pick your own closing date, if you want that to coincide with some special date in the future that you need, or maybe the house is occupied up to a certain date we can schedule the closing right after, so that’s not a problem at all, because we don’t use banks. We use our own cash and it’s very easy to make arrangements like that and give you the exact desired closing date on top of it. Again, you don’t have to do any repairs, no updates, it’s really quick and easy. There is no quicker or easier way to sell a house than it is to sell direct to a house buyer like us. You can also sell it for by yourself a For Sale By Owner or through an agent, but you have to be prepared to pay agent costs, closing costs, do staging, multiple showings, it becomes a bigger headache, especially if you live out of state and especially if there’s more people involved than just you, such as other heirs or siblings. So, if you want to save yourself all these troubles, give us a call. We’ll be happy to show all of your options available and help you pick the best one for you, okay so we are Coastal Edge Homebuyers and you can call us at 757-414-7117. We’ll be happy to work with you on any house that you have in the Hampton Roads area. Thanks and have a good day!