Your Options When You Inherit a Hoarder House
The Problems with Hoarder Houses
Mayoclinic.org defines hoarding disorder as “a persistent difficulty discarding or parting with possessions because of a perceived need to save them.” The act of hoarding results in confined living conditions and can create problems beyond just the items piling up inside and around the home. Hoarder houses are a threat to neighborhoods as the items pose a serious fire hazard. Hoarder houses are also dangerous during Florida’s summer months when hoarded lawn debris can become projectiles during hurricanes and tropical storms.
Breaking Down Your Three Options
Here are your three options if you’ve inherited a hoarder home:
Clean/Fix the House: If you believe the home is salvageable, you can clean the home and make any necessary repairs. If you elect to go this route, closely assess your repair budget. For example, you may be able to afford a new coat of paint for the home’s exterior, but not a new roofing system or HVAC unit. The problem is that a hoarder house poses several issues with evaluating how much you will end up spending on repairs considering it’s not easy to access certain areas of the home during the assessment process.
Repair and Sell: As a hoarder home is not show ready or photographable, if you’re brave enough, you can clean, repair, and sell a hoarder house on the traditional market. Fixing up hoarder homes is typically among the most expensive renovations, and many harmful contaminants can spread during the renovation process. Along with wearing face masks, gloves, and long-sleeved shirts, you need to decide what things you want to keep, discard, and donate. Repairing a hoarder home and selling it takes an extraordinary amount of patience, free time, and extra capital.
Sell As-Is: If you are short on time and cash to make expensive repairs, your best option is to contact a housebuyer that invests in houses in any condition. This means you don’t have to clean the home or spend any money making repairs before you sell. Real estate investors also do not charge for any type of hidden fees that are often associated with real estate agents, like realtor commissions. When you work with a housebuyer, you receive a fair offer on the home you inherited in as little as a week.
No repairs, no hassles, no hidden fees, and no problems. It really is that simple.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.