How to Price Your Inherited Home in Manchester for Sale
Did you recently inherit a home and are now considering selling it? While an inherited property can be a wonderful gift, it can also become a financial and emotional burden. If you’re not planning to live in it, selling can help you turn that asset into cash for other investments or expenses.
However, selling an inherited property isn’t always straightforward—especially if you haven’t sold a home before or in a long time. Pricing it correctly is key to attracting buyers and avoiding long delays in the market. So, how do you set the right price? Follow these three essential tips to ensure a smooth and profitable sale.
1. Price It for a Quick Sale
A common mistake many sellers make is setting an asking price based on what they think the house is worth or comparing it to similar homes on the market. However, inherited homes often come with unique selling challenges, and one of the biggest factors to consider is how quickly you want to sell.
Selling through a real estate agent typically means listing the home on the market, which can take months. During that time, you’ll be responsible for ongoing costs such as:
- Property taxes
- Utilities
- Homeowners’ insurance
- General maintenance and repairs
- Mortgage payments (if applicable)
These holding costs can quickly add up and cut into any potential profit you might make from the sale. Instead, consider pricing your home slightly below market value to attract serious buyers and close the deal faster. This approach may result in a lower sale price, but it saves you months of expenses, headaches, and uncertainty.
Another option is to sell directly to a cash home buyer, like S&P House Buyers, who can provide a fast, hassle-free sale without commissions, repairs, or long waiting periods.
2. Separate Emotions from the Home’s True Value
One of the hardest parts of selling an inherited home is separating personal memories from financial decisions. It’s completely natural to have an emotional attachment to a home filled with family history and cherished moments. However, emotional pricing can lead to overvaluation and, ultimately, a house that sits on the market for months without attracting serious buyers.
Here’s a simple way to shift your mindset:
- Think like a buyer, not a seller. Buyers will evaluate your home based on its condition, location, and market value—not the sentimental memories associated with it.
- Get a professional home valuation. A real estate agent or home investor can assess your property objectively and give you a realistic price range based on market trends.
- Consider all factors. Remember that an outdated home, needed repairs, or a changing real estate market can all impact the price, even if the home holds sentimental value.
If you’re struggling with emotional pricing, working with an investor who specializes in purchasing inherited homes can make the process easier. They can provide a fair, no-obligation cash offer that reflects the true value of your property—without the hassle of listing, showings, or negotiations.
3. Factor in Repairs and Offer a Discount
Unless the property was meticulously maintained, chances are it may need some repairs or updates before selling. The question is: should you fix it up before listing or sell it as-is?
Here’s what to consider:
- Renovating before selling – While making repairs can increase your home’s value, it can also be time-consuming and costly. Simple updates like fresh paint and landscaping might be worth the effort, but major repairs—such as roof replacements, plumbing issues, or structural work—can eat into your profits.
- Selling as-is with a repair discount – If you want to sell quickly and avoid the hassle of repairs, consider lowering the asking price slightly and offering a “repair discount.” This allows buyers to take on the necessary updates themselves while giving you a fast, hassle-free sale.
- Selling to a cash buyer – Investors and home-buying companies will purchase your property in any condition, meaning you don’t have to worry about costly fixes, inspections, or negotiations. This is often the best option if the home requires significant work or if you need a quick, guaranteed sale.
Understanding Your Selling Options
When selling an inherited property, you typically have three main options:
1. Sell Through a Real Estate Agent
- Pros: Potentially higher sale price
- Cons: Long waiting period, commissions, closing costs, and the hassle of repairs and showings
2. Sell the Home Yourself (FSBO – For Sale By Owner)
- Pros: Avoid real estate commissions
- Cons: Requires marketing, negotiations, paperwork, and legal knowledge
3. Sell to a Cash Home Buyer
- Pros: Fast, as-is sale with no commissions, repairs, or fees
- Cons: May receive a lower offer than market value, but avoids months of holding costs and repairs
If your priority is to sell quickly without the stress of listing, repairs, or waiting months for a buyer, selling to a trusted cash home buyer may be the best solution.
Final Thoughts: Get the Right Price and Sell with Confidence
Selling an inherited home in Manchester doesn’t have to be overwhelming. By setting a competitive price, removing emotional bias, and factoring in repairs, you can sell your home faster and with less stress.
If you’re looking for a fast, no-hassle way to sell, S&P House Buyers can help. We buy inherited homes in Manchester in any condition, offer fair cash prices, and close on your timeline—without agent fees, commissions, or repairs.
📞 Call us today at 860-385-6912 or email info@sandpproperties.com for a no-obligation cash offer.
Let us help you move forward with confidence!