Have you inherited a hoarder house?
Inheriting a hoarder house from a family member can be more difficult than the loss of your loved one. In addition to your personal loss, you have the added stress of dealing with what they have left behind. Complicating the situation is an abundance of deferred maintenance that has been accumulating.
You may be thinking, “My other siblings don’t have the time to help and they live too far away. None of us has the extra money to spend on cleaning up the property so it can be sold. I used to go over to my parent’s house to try and help but, they were constantly suspicious of my motives and didn’t want anyone touching anything. Even though they were embarrassed by their situation, they were too emotionally paralyzed to do anything.”
It’s about more than just the stuff left behind
It’s not about the stuff left behind. As one woman recently shared about her inherited hoarder house,
I inherited a “Whole lot of Nothing”
A Newsweek article that really touches on the difficulties of dealing with inheriting a hoarder home states:
It’s more than just renting a dumpster
The costs of cleaning up the mess can be much more than people imagine. When most people think of the dollar costs, they think of the cost for dumpsters. Rarely do we anticipate the extra costs of dealing with hazardous waste, working around the rodent feces and additional hazards. According to the same Newsweek article, these costs of remediation can range from $5,000 to $20,000 “depending on the severity of the hoard, conditions inside the home, and regulations relating to the disposal of electronics and hazardous materials”.
You don’t have to do this alone – a non traditional solution
You need someone professional, discreet and sensitive. Someone who won’t be overwhelmed by the problem and able to deal with the situation without embarrassing you or being judgemental. Managing an inherited house is a service that a professional home investor can provide you. If you are just getting started with your inherited house situation, we offer some specific steps to taking over the responsibilities of an inherited house.
A discreet investor can also save you from the emotional grief of dealing with your family member’s belongings. They also offer the benefit of being cash buyers who don’t depend upon banks – no wondering if a buyer’s loan will be approved. They can buy your home as-is so you don’t have to make any repairs. Best of all, they allow you to close at your convenience, instead of waiting for someone else’s schedule.
In most situations, homes are best sold using a licensed real estate agent. Honest investors will readily admit when they’re not the best solution for your situation. However, when it comes to difficult situation like a hoarder home, they are often the best solution. You are probably going to be better off in the long run selling to an investor. With an investor you will usually net the same amount as if you sold it through a Realtor, but, in much less time.