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Facing the Decision to Sell Inherited Property in Fayetteville? Here's Your Step-by-Step Guide

by Marie Baginski | 21 August, 2023

When you inherit a probate property in Fayetteville, NC, it may seem like a blessing. However, owning an inherited property can come with significant responsibilities. Whether you're dealing with maintenance issues, legal concerns, or simply don't want to keep the property, you might be wondering how to proceed. A Fayetteville probate guide may also become relevant if the property is behind on payments. Selling estate property in Fayetteville could be your best option, but how do you go about it?

In this blog, we’ll guide you through the process of selling estate property in Fayetteville and how you can make the decision that’s right for you. Selling a home isn’t always an easy decision, but with the right information, you can navigate the process with ease and confidence.

Why You Might Want to Sell Inherited Property in Fayetteville

Inheriting property can bring both financial benefits and challenges. While you might feel obligated to hold onto a home passed down to you, there are many reasons why selling estate property in Fayetteville could be a wise decision, especially if you're seeking help navigating the probate process:

  • It Needs Repairs: Inherited properties are often older homes that may require significant repairs. These repairs can be costly and time-consuming.

  • It’s Too Expensive to Maintain: Property taxes, utilities, and insurance can add up quickly, especially if you live far away from the property.

  • Emotional Ties: Sometimes, it’s hard to hold on to a property that’s tied to someone’s memory. Selling it can help bring closure and allow you to move on.

Agent Costs

Agents don’t work for free. Many agents work incredibly hard and deserve every penny you pay them. That said, be wary of those who don’t. While every agreement is different, when you commit to listing with an agent, you also commit to paying their commission which typically runs about 6% of the final sale price. You will own the agent this amount, even if you sell the property on your own to someone you know. In addition, some agents will charge you for administrative costs, listing fees, marketing, listing sites, photography, and more. Make sure you know exactly what’s included in your listing agreement as no two agents are the same.

At The Closing Table

Once the closing date comes around, in addition to paying your agent, you will also have to come up with the closing costs. You can usually estimate this to be approximately 2% of the final sale price. The closing costs include things like appraisal fees, taxes, deed recording, title search, credit checks and more. With a direct sale to BluePrint Cinco, all of these costs are covered for you.

Time Is Of The Essence

When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. This can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities. An agent can list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to BluePrint Cinco, you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible.

Before hiring an agent, give our office a call or send us a message! Find out how we can help you! Give us a call 555-555-5555 or submit your information by clicking the button below.