For some, the news that they’ve inherited a house may sound like a dream. However; that dream can quickly turn into a nightmare if you discover that you’ve inherited a hoarder house. A hoarder house is a home that is filled with an excessive amount of the owner’s belongings and trash, often filling the house from wall to wall and floor to ceiling . Inheriting a hoarder house brings an interesting set of challenges. Hoarders assign value to items that most other people would consider trash and they let these items collect in their homes. Often, these homes pose a health risk because they attract rodents or are a fire hazard because it may be difficult to exit the home in an emergency.
While your loved one may have had the best intentions in leaving you their house, most people who inherit a hoarder house are overwhelmed by the amount of work it can take to clear out the house. Read on as we provide five tips to help if you’ve inherited a hoarder house in Dallas Fort Worth.
Take Up Residence
Many people who inherit a hoarder house in Dallas Fort Worth consider moving into the house and taking up residence. However, moving in can be a lot of work if the home is filled with your loved ones belongings – you’ll have to ready the house, including trash removal and clean-up. Many homes in this condition need repairs and it can tough to assess the condition of a property when piles of trash are lining every room from floor to ceiling. If you’re not interested in living in the property and don’t want the hassle of removing the belongings, cleaning the house, and making repairs, you can consider selling directly to a local cash home buyer like those at Dallas' Best Home Buyers. We’ll pay cash and buy your hoarder house exactly as it is today.
Selling
From our experience, most people who’ve inherited a hoarder house in Dallas Fort Worth decide to sell the house. If you decide to the house the traditional way (with a realtor) part of the process is showing the house to potential buyers. Showing the house typically requires preparing the property to sell for the highest possible price. Or perhaps you’re considering cleaning out the house and listing it “for sale by owner” to avoid paying real estate commissions. There are a number of reasons “for sale by owner” sales rarely work out in favor of the seller, including limited marketing, lack of professional representation when signing agreements, and a failure to properly screen buyers. Because of the hassle and risk involved with selling the house yourself, our next tip is to sell by working with directly with a local home buying company, who will buy your hoarder house without requiring the house the be cleaned out, without charging any real estate commissions, and still pay you fair market value for the house.
Rental Property
Another tip if you’ve inherited a hoarder house in Dallas Fort Worth is to consider becoming a landlord and renting it out to a tenant. Being a landlord means you now have an investment property and will be required to follow all local, state, and federal laws concerning tenants and property codes. Any mistakes with tenants or leases can be extremely costly. Additionally, you will be required to upkeep the property and make any repairs that are needed. Property upkeep can be very expensive. Additionally, you should be prepared to respond promptly to emergencies, night or day, when your tenants call. Being a landlord is not always as glamorous as it seems.
Holding Costs
One additional tip is to make sure you understand the costs of holding the property, such as the mortgage payments, taxes, insurance, and utilities. If you hold on to a property for a while and are unable to sell or rent it, these burden of these holding costs can add significant financial strain to your life. Additionally, there is the emotional cost of losing time with family and friends as you take on the monumental task of digging into the piles and cleaning the house. If you’re considering keeping the property, it may be worthwhile to hire professionals to take on the job. However, if you’re under a time crunch or the financial burden is too much, and you decide to sell, we can provide you with a guaranteed price and guaranteed closing date in just a few days.
Dallas' Best Home Buyers
Sure, we’re home buyers, but our final and best tip if you’ve inherited a hoarder house in Dallas Fort Worth is to sell directly to a professional home buyer. A professional home buyer from Dallas' Best Home Buyers will walk you through the process, taking the time to listen to you and answer any questions or concerns you may have. And when you talk to use, there’s never any obligation to sell. At Dallas' Best Home Buyers, our policy is full transparency because we want you to feel good about working with us long after the closing. We’ll tell you exactly how we calculate your offer, and even provide a comparison of the costs and profit associated with each option for selling the house so you can make an educated decision about what works best for you. If you have inherited a hoarder house in Dallas Fort Worth, why not talk to a professional home buyer at Dallas' Best Home Buyers today? Call Dallas' Best Home Buyers at (972) 850-8655.