Susan had inherited a property from her parents in the Rolling Acres subdivision on Loft Ln, in Silver Spring, MD. The townhouse had been in her family for years and she grew up in the house. She later moved out, as did her parents, and the property became a rental. They had the same great tenants for over 10 years and they kept the property in great condition.
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Then things changed. One of the tenants lost his job and the property’s condition began to deteriorate along with the tenants’ financial situation. Karen had to evict the tenants due to not paying rent for a long period of time. After the tenants were evicted, she went to the townhouse and was emotionally devastated. The tenants had completely trashed the home that she grew up in.
Selling an inherited rental property doesn’t have to be a nightmare.
Susan immediately called Express Homebuyers and explained to Greg, an Express Homebuyers acquisition associate the situation that she was in. She had become strapped for cash in the past year, because, while the tenants had stopped paying rent, she was still paying the mortgage and the homeowner’s association fees every month. Greg told her Express Homebuyers could definitely help her out by buying her inherited rental property. He came out to the house a few days later and met with her and signed the purchase agreement. A week later Express Homebuyers officially bought the inherited home and Susan’s house related problems were solved.
If you need to sell an inherited rental property, give us a call today at (877) 804-5252 and we will make you an offer in minutes.