Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. Here at Dax Properties, we are professional home buyers: We buy houses Spartanburg that meet our purchasing criteria, and we don’t use bank financing so you don’t have to worry about our ability to close on a deal. After purchasing, we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

How are you different from a real estate agent?

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 4-6 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent. Agents provide a great service for those that can wait 4+ months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different. We’re not agents, we’re home buyers. Our company buys the house directly from you. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value. We do this so we can resell it at a profit to another homeowner. We are looking to get a fair discount on a property. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time, effort, or expense is required on your part to fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast, let’s see if we can come to a win-win price for both parties. Our no-obligation pricing commitment means that you don’t have to move forward with the offer we give… but it’s good to know what we’re offering!

How do you determine the price to offer on my house?

Great question, and we’re an open book. Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling your house: there are NO fees or commissions when you sell your house directly to us compared to listing fees, where up to 6% comes out of your pocket. We’ll make you an offer and, if it’s a fit, then we’ll buy your house with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we pay for repairs on the house and sell it for a profit. We’re taking the risks here on whether we can sell it for a profit or not. Once we buy the house from you, the responsibility is ours and you walk away without the burden of the property and its payments, as well as cash in your hand.

Is there any obligation when I submit my information?

There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us. We’ll let you decide what’s right for you.

Sell Inherited Property in Spartanburg, SC: A Complete Guide | DAX PROPERTIES

Inheriting a property in Spartanburg, SC, can be both a blessing and a challenge. While it may represent a valuable asset, selling an inherited home comes with legal, financial, and emotional considerations. If you’re looking to sell inherited property in Spartanburg, SC, this guide will walk you through the process, key steps, and expert tips to maximize your sale.

1. Understanding the Legal Process of Selling an Inherited Property

Before selling an inherited home in Spartanburg, you must ensure all legal requirements are met. The process typically involves:

Probate Court: If the estate hasn’t gone through probate, South Carolina law requires this legal process to transfer ownership.
Title Transfer: The deed must be updated to reflect the new ownership before selling.
Executor Responsibilities: If you’re the executor, you’ll need court approval to sell the property.

Consulting a real estate attorney can help streamline these steps.

2. How to Determine the Value of Your Inherited Home in Spartanburg

Pricing an inherited home correctly is crucial. Consider these methods:

Professional Appraisal: A licensed appraiser provides an unbiased valuation.
Comparative Market Analysis (CMA): A realtor can compare similar sold properties in Spartanburg.
Online Estimators: Tools like Zillow’s Zestimate offer rough estimates (but may not be 100% accurate).

Spartanburg’s market trends, neighborhood demand, and property condition all affect value.

3. Preparing an Inherited House for Sale: Repairs vs. Selling As-Is

Many inherited homes need updates. You have two options:

Renovate & Sell for Top Dollar: If the house needs minor repairs, investing in updates could increase its market value.
Sell As-Is for a Quick Sale: If the property requires major repairs, selling to a cash buyer or investor may be faster and less stressful.

Weigh the costs of renovations against potential profits before deciding.

4. Tax Implications When Selling an Inherited Property in South Carolina

Understanding taxes is critical:

Step-Up in Basis: Inherited properties receive a “step-up” in tax basis to the market value at the time of the owner’s death, reducing capital gains taxes.
Capital Gains Tax: If the home appreciates after inheritance, you may owe taxes on the profit when selling.
South Carolina Inheritance Tax: Fortunately, SC does not impose an inheritance tax, but federal taxes may apply.

A tax professional can help minimize liabilities.

5. Do You Need a Probate Sale? What Spartanburg Heirs Should Know

If the deceased didn’t leave a will or establish a trust, the property may need probate court approval before selling. Key points:

Probate can take months, delaying the sale.
Heirs must agree on selling the property unless one buys out the others.
A simplified probate process may apply for smaller estates.

An estate attorney can guide you through probate requirements.

6. Selling an Inherited Property with Multiple Heirs: Avoiding Family Disputes

When multiple heirs inherit a home, conflicts can arise. Tips to ensure a smooth sale:

Open Communication: Discuss intentions early (selling, renting, or keeping the property).
Buyout Option: One heir can buy out the others’ shares.
Mediation: If disagreements persist, a mediator can help reach a fair resolution.

A legally binding agreement prevents future disputes.

7. Fastest Ways to Sell an Inherited House in Spartanburg, SC

If you need a quick sale, consider:

Cash Home Buyers: Companies that buy houses for cash can close in as little as 7 days.
Auction: A real estate auction speeds up the selling process.
Listing with an Agent: A skilled realtor can market the property effectively for a faster sale.

Each option has pros and cons—choose based on your timeline and financial goals.

8. Should You Hire a Realtor or Sell to a Cash Buyer? Pros and Cons

Option	Pros	Cons
Realtor	Higher sale price, professional marketing	Commissions (5-6%), longer process
Cash Buyer	Fast closing, no repairs needed	Lower offer than market value

Evaluate your priorities before deciding.

9. Common Mistakes to Avoid When Selling an Inherited Home

Not Clearing Title Issues: Ensure no liens or claims exist on the property.
Overpricing: Emotional attachment can lead to unrealistic pricing.
Ignoring Tax Consequences: Consult a tax advisor to avoid surprises.
Skipping Professional Help: Legal and real estate experts prevent costly errors.

10. Why Spartanburg’s Real Estate Market is Ideal for Selling Inherited Properties

Spartanburg’s growing economy, affordable housing, and high demand make it a great place to sell inherited property. Key factors:

Strong Buyer Demand: Investors and families seek homes in Spartanburg.
Rising Property Values: The market has seen steady appreciation.
Low Inventory: Fewer available homes mean less competition for sellers.

Final Thoughts

Selling an inherited property in Spartanburg, SC, involves legal, financial, and emotional steps. Whether you choose a traditional sale, cash offer, or auction, understanding the process ensures a smooth transaction.

Need to sell your inherited Spartanburg home fast? Contact local cash buyers or experienced realtors today for a hassle-free sale!