Alicia called us on July 18th after seeing an Express Homebuyers commercial on TV. She was interested in selling an inherited property in Washington DC. She had inherited the house on 50th PL NE in the Deanwood neighborhood through a trust. Nobody was living in the home and the property was in need of fairly extensive repairs. Acquisitions Manager Tom Parmentier told her we’d be able to offer around $70-75K. She said she would like to think about it.
Alicia and Tom spoke again on July 22nd, at which time they setup an appointment for the following Monday for us to see the property. On July 29th Alicia met Managing Partner Jud Allen at the house. Jud confirmed that the required repairs would cost about $58K.
How Easy is Selling an Inherited Property in Washington DC?
Two days later, Tom confirmed the offer of $70K. Alicia requested that he fax a contract, which she signed and returned the following day.
While the title came back on August 8th, it took longer to review since it was in a trust. Given the language of the trust, the underwriter required comps to support our purchase price. It took the underwriter two weeks to give the ok. Once he did, we closed on August 26th. Alicia had her cash and was no longer responsible for maintaining the inherited property.
For Alicia, selling an inherited property in Washington DC was very simple. It can be just as hassle-free for you, even if your house isn’t in Washington DC. We buy homes throughout the DC Metro area. Call us today at (877) 804-5252 for a fair, no-obligation cash offer. Or fill out the form at the top right.