You know, around 7% of first-time house buyers used an inheritance for their downpayment in 2023. If you’re planning to sell an inherited house fast, then AREI is the way to go if your property is located in Virginia. However, if you’re looking for alternative options to selling an inherited house then read this article….
Did you know that a lot of families face significant conflict during the process of selling an inherited property? From our experience, the emotional and family dynamics with selling an inherited house can make the process messy. Family history, emotional attachments, and unresolved relationships can be a recipe for turmoil, if you ask me. We’ll…
Did you know that Virginia is a “caveat emptor” state when it comes to real estate? This means “buyer beware,” and sellers, including those selling inherited property, typically aren’t required to disclose every single issue with the property. Now, what does this mean for potential buyers? Well, it means that your typical buyer might be…
You know, probate could be a long process. It takes half to a full year (sometimes longer) to get it completed in Virginia. From our experience, not many people know about inheritance laws, nor are they interested in it until it directly affects them. We decided to make this guide about the legal and probate…
Did you know that Virginia does not have an estate tax? This means that beneficiaries inheriting property in Richmond generally don’t have to pay taxes directly on the inheritance itself to the state. Federal estate taxes might still apply for large estates. Also, the IRS considers inherited property to be automatically held long-term, regardless of…
Sell your house as-is (no repairs needed). Pay no closing costs or realtor commissions, and close in as little as seven to 21 days
