What Do I Do With An Inherited Hoarder House In Tennessee?
What should you do if you inherit a hoarder house? Whether you plan on selling or keeping it, the truth is that somebody is going to have to roll up their sleeves and get cleaning. Be warned, that’s rarely the end of the project. Once the junk is removed there are usually a lot of repairs needed to fix the place up.
We know this can be a very daunting situation to be faced with. The good news is, you don’t have to deal with it if you don’t want to!
We Buy Hoarder Houses In Tennessee
We buy homes all over Tennessee and we’ve encountered many individuals that inherit problematic properties from their loved ones. The passing of a family member is never easy and it brings a weight of it’s own. Oftentimes homeowners hoard items unnecessarily and the house is filled with clutter. This can turn into quite the challenge after their passing, especially if the house is in such bad condition that getting it in good enough shape to sell it seems near impossible.
In addition to cleaning, repairing, and deciding what stays and what goes, you’ll need to determine what financial position the property is in. Does the property have any liens or debt associated with it? If so, as the new owner, you’re most likely responsible for servicing that debt.
The Hoarder House I Inherited Has A Mortgage
If the house has a mortgage, usually the heir is now responsible for paying it. If paying this extra payment every month is going to be a financial strain, you need to be quick with deciding what to do with it. Renting it or moving into it yourself can be an option but you’ll need to get the property cleaned and fixed up first. Of course, you can also sell the house but to get top dollar you’ll need to do the same thing.
If the house is stuffed to the brim, you’ll need to start organizing and getting rid of things. You may consider renting a small dumpster depending on the amount of stuff that needs removed from the house. You can keep the valuable items and donate the rest. Call your local Salvation Army and have them pick up stuff. You can drop off furniture and smaller items at Goodwill. If you have items that vendors won’t take, you can call junk haulers to pick up and remove from the property. The cost of these services can be expensive depending on the severity of the condition of the home and how much there is to remove.
If all that sounds like way too much hassle, we specialize in buying houses that need a lot of work. We can get you a Fair Cash Offer to buy your home 100% As-Is. Take what you want and leave the rest for us to deal with.
The Home I Inherited Is Paid For – No Liens
If the property does not have any debt associated with it, you have more time to decide what to do because there isn’t a monthly payment obligation pushing you. Don’t wait too long though! It’s better to keep property inhabited. Vacant properties can draw vandalism and uninvited guests like cockroaches, critters and worst of all – squatters!
Waiting too long can cause more issues and lessen the value of the property. It’s best to address the property as soon as it becomes your responsibility. You’ll still want to determine what stays and what goes and clean the property up.
Clean Out A Hoarder House With An Estate Sale Company
Another option if you don’t want to go through the house yourself, is to hire an estate sale company. They will help you go through the items and assign a value to each one. Keep in mind, the vendor will take a portion of all proceeds. Each company has their own criteria, but you can usually plan to pay the estate sale organizer around 35% for their service. This is a good option if you’re short on time and don’t want to take it all on by yourself. Once you get everything cleared out, you’ll need to decide what to do next.
Should You Sell Your Hoarder House or Fix It Up?
If you’re contemplating fixing the place up or selling it, you need to determine what the best route is for you and your family. If you have the time, money, and skills to fix it up to sell for top dollar, then great! Just make sure that all the time, effort, and money that it takes is going to give you a return on your investment that will be worth it.
If you’re interested in knowing what your property could be worth as it sits, let us give you a Cash Offer. There’s no obligation to accept, but if you do, we will pay all the closing costs and buy your house without you having to spend a dime.
“Erik and Jessie were really easy to work with. They were fair and honest negotiating the deal and made the whole process simple! Highly recommend New Horizon!”
Have Questions About Selling Your Property To New Horizon?
Get A Cash Offer For Your Inherited Hoarder House In Chattanooga
New Horizon Home Buyers pays cash for houses. Get Your Offer today. No obligation. If you accept, we can close fast and write you a check!