Best Way to Sell My Inherited House in Pittsburgh PA
Selling an inherited property in Pittsburgh can be easy! No fees, No hassle, Cash Offer.
When you inherit a home, you have three choices: keep it, rent it out, or sell it. According to financial experts, selling an inherited house in Pittsburgh may be the best option. In this article, we’ll look at the costs that you can incur when dealing with inherited property. You must consider factors like taxes and potential renovation costs, real estate agent fees, and more. If you have wondered how can I sell my inherited house in Pittsburgh, this guide will help you determine the best move. When dealing with a property in your family, there are plenty of decisions to make. You must decide whether or not you should sell the inherited property now, or keep it for personal use or investment purposes.
Avoid Paying Capital Gains Tax
When you sell property, you pay capital gains, which are calculated according to how much the property has increased in value since it was first purchased. Property that was bequeathed is considered a “gift”, so you pay taxes only according to how the property has increased in value since you inherited it. If you sell your inherited property in Pittsburgh right away, and there is not a huge difference in its value, you don’t have to pay any capital gains tax.
Costs Of Selling An Inherited Home On The Market
There are pros and cons when you sell an inherited house in Pittsburgh through a real estate agent. While it is more convenient because the agent can take care of listings and paperwork, you will need to prepare the house so it’s presentable to potential buyers. This involves money and time—and security issues of having total strangers enter your home for viewing.
Real estate agents will also charge commission fees, broker fees, and conveyancing fees for paperwork. Aside from this, you will pay closing costs (about 2.5% of the total sale price), transfer taxes, and title fees. Even if a real estate agent seems like the traditional or “popular” way of selling an inherited house in Pittsburgh, it’s definitely not the most cost-effective. What’s even more frustrating is that aside from spending more money, you’ll have to wait longer. It may take months before an agent finds a buyer!
We buy houses in Pittsburgh and can close within 30 days! Give us a call today to receive a cash offer for your inherited property.
You Choose The Closing Date
No Repairs or Cleaning
No Commissions or Fees
Sell An Inherited House In Pittsburgh To A Home Buyer
Of all the options, selling your inherited house in Pittsburgh to a home buyer like Brotherly Love Real Estate has the least amount of financial risk, hidden costs, and stress.
No renovations necessary: Brotherly Love Real Estate can buy your property “as is”—no need for renovations or repairs.
No additional costs: Brother Love Real Estate will not charge commissions, document fees, or closing costs. You know exactly how much you’re getting, and will not be surprised by last-minute deductions from what you thought was the final sale price.
Shorter, simpler closing process: Brotherly Love Real Estate also has a quick closing process, which can be as short as 21 days. Compare this when you list with an agent, and wait for buyers to call and negotiate with you, or even back out at the last minute. Brotherly Love Real Estate will not leave you hanging.
Receive cash for your inherited home: Once the closing is finalized, the money is transferred directly to your account. This is sure, guaranteed money. That’s better than spending money on renovations, then praying that you’ll get a buyer or a tenant… or sitting on the property for years, only to sell it later and pay more taxes.
Contact us today if you have other questions on how to sell my inherited house in Pittsburgh. Brotherly Love Real Estate is a home buyer that purchases properties throughout Pennsylvania. We buy houses for cash and close quickly. Our goal is to make the process simple and easy for your family.
Call in or use the online form. Jon will crunch the numbers and determine an estimate of what we can pay you.
We usually call within minutes to chat and learn more about the situation, answer questions, and set a time to see the house.
Since we buy houses as-is, there are zero repairs required before closing. We will make you a fair offer to buy your house as it stands.
You pick the date. We work around your schedule and at your pace! Stress-Free.