If You Need to Sell Your Inherited Home Fast, We Can Buy Your
House Quickly So You Can Move On With Your Life…
First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.
Tons of options open for you, but…
… we can help.
At TW Homes, LLC we’re seasoned investors in Milwaukee real estate, and we’re looking to buy several houses each month in the Milwaukee WI area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.
How did you inherit the house?
There are three real ways to inherit a house in Wisconsin: first by deed, next by will, and lastly by trust. The way you inherit the property (received the house) will tell you the process you need to take to sell.
1.Inherit a House by Deed
You inherit a house by deed when someone dies and they reserved a life estate and you are the “remainderman” or you jointly own the house with your parent or family member. If you inherit a house by deed, the follow-up does not involve probate proceedings and may typically involve the recording of an affidavit or death certificate in the public records. For title issues, a sale is easy if you decide to sell the property.
2.Inherit a House by Will
You inherit a house by will if the person dies with his or her sole name as the owner on the deed. In order to sell the house that you inherit by will, you need to go through the probate court. In many cases, the house cannot be sold until 4-6 months after you file for probate because you have to wait to clear the legal title to the home of the probate proceeding.
3.Inherit a House by Trust
You inherit a house by trust if the trust agreement states that you, or you with others, are entitled to the house. In cases involving a person died leaving a spouse or minor children, you will still need Wisconson probate to clear title because of the Wisconson homestead rules. Be careful when estate planning with the homestead. If the person that died did not have a spouse or minor children, then the process to clear title for a real estate sale should be fairly easy.
Basically, if you have a Milwaukee property and need to sell it… we’d like to make you a fair cash offer and close on it when you’re ready. We Buy Houses in Milwaukee and we will buy it for cash. When you sell your house to us, we’ll make a no obligation cash offer to purchase your home, and we can close fast. Contact us today to receive a fair no obligation offer for your home.
No matter your reason, we have the proper resources and real estate experience to take over your problem. TW Homes LLC is the number one house buyer in Milwaukee. You can sell your house to us quickly in “as is” condition. No need to paint, replace, or fix anything; you don’t even need clean your home when you sell a house to us.
I Inherited A House, What To Do Next?
You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it? How should I sell it?
Here’s a few important considerations to help you make the right decision:
1) Make sure the mortgage is paid.
This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.
2) The investment is only as good as the manager.
If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now. Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.
3) Property ownership costs money.
It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.
Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.
4) Selling a property for top dollar costs money.
If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy Milwaukee houses for cash, as-is.
5) If the market will continue to grow faster than your other options, hang on to the investment.
We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.
6) Uncle Sam wants a piece of the action.
Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.
7) Consider all your options.
In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Milwaukee investment experience can help you win.
8) Compare a few scenarios.
We’ll help you determine prices for any property near Milwaukee – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).
We’d like to make you a fair all-cash offer. Just give TW Homes LLC a call at to get a quick offer over the phone today… or fill out the simple form on this site.
Our home buying processes makes selling your probate home easy and convenient.
- We pay cash for your house – no delays at the closing table, no hassles with bank mortgage approvals, and no reason why your home can’t close in 7 days in most cases. Sell your house to us and we’ll show up at closing with cash so you can move on.
- We’ll Pay Regular Closing Costs – Since you don’t have closing costs, you can be sure exactly how much money you’ll take away from the closing table. You’ll never have to pay thousands in closing costs when you sell a house to us.
- No Real Estate Commissions – Real estate commissions can cost you thousands of dollars at closing. No real estate agent or broker commissions will be due when your sell your house to us because We Buy Houses Quickly. We’ll buy your house in “as is” condition, regardless of any issues it may have.
- Quick Closings – Getting an offer to the closing table for your home through a traditional real estate transaction can take months or years. Offers to buy your home may have stipulations, contingencies, and even homeowner demands attached that may require repairs at your expense. Some buyers may need to wait to sell their home before they can close on yours. More hassles can arise causing more problems with property inspections, loan approvals and home appraisals.
- No Renovations Or Repairs Required – When you sell your house, we buy it in its current condition. Don’t pour money into your home just to sell it. We will make a cash offer for your home in its current condition, regardless of repairs that may be needed.
Whether you’re ready to sell your house today, or you’d just like a little more information about the process, give us a call at or contact us through our website form. With just some general information about your property, we can schedule a time for a visit and evaluate your home to present a free, no-obligation cash offer to purchase your home.