Selling an inherited retirement home – steps to take
If you’ve inherited a retirement home you might not know how to sell it, but if you take a few relatively simple steps you can achieve a suitable sale price for your property.
We can answer your likely questions about trying to sell an inherited retirement home
With almost two decades’ worth of experience buying inherited retirement houses and flats, we can answer questions you might have about selling, including:
✅ Why is it recommended that I sell an inherited retirement home quickly?
Because you could be liable for paying inheritance tax within six months if your house or flat is over the specified tax thresholds. And you could also be liable for paying the weekly service charges at the retirement estate, which might become a large amount if you wait a long time to sell the home.
✅ Are inherited retirement homes hard to sell?
They don’t have to be. You can easily find estate agents who specialise in selling such properties, and they can offer great advice on how to find a buyer. Alternatively, quick buying companies such as LDN Properties are used to buying inherited retirement homes, with the benefit that you won’t have to pay them fees for selling compared to an estate agent.
✅ Should I remove all the belongings from an inherited retirement home before selling?
Not usually. Although you can take steps to rearrange furniture and decorations to make rooms look bigger and therefore more appealing to buyers, you should leave the house furnished while you hold viewings for it. That’s because potential buyers prefer to see rooms with furniture in them compared to unfurnished rooms.
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