Inherited a Property in Chicagoland? Here’s Why Most Families Choose HomeTrade
- hometradeofchicago
- Aug 26
- 3 min read
Updated: Aug 31
Inheriting a property in Chicagoland can feel overwhelming. While a new home may sound like a gift, many heirs quickly realize it comes with unexpected costs, repairs, and emotional stress. At HomeTrade, Chicagoland’s preferred homebuyer, we work with families every week who are facing these challenges. If you’ve recently inherited a home in Chicago or the surrounding suburbs, here’s what you need to know about your options, why a traditional sale might not work, and why most heirs trust HomeTrade to make the process simple.
What Are Your Options With an Inherited Home?
If you’ve inherited a house in Chicago or suburban Cook, Lake, or DuPage counties, you typically have four main choices:
1. Move Into the Property
Some heirs choose to make the inherited home their primary residence. While this can work in some cases, it often requires extensive updates, paying off any liens or back taxes, and taking on the full responsibility of ownership.
2. Rent It Out
Turning the home into a rental may seem like a way to generate passive income. However, managing tenants, repairs, and ongoing property costs isn’t easy—especially if you already own another home or live out of state.
3. List It With a Real Estate Agent
A traditional MLS listing often requires cleaning, staging, and expensive repairs to attract buyers. On top of that, the sales process can take months, all while you continue paying taxes, utilities, and insurance.
4. Sell Directly to a Local Homebuyer Like HomeTrade
The most straightforward option is to sell to a reputable homebuyer in Chicagoland. This avoids repairs, showings, and long wait times. With HomeTrade, you get a fast, fair cash offer and close on your terms.
Why a Traditional Sale Often Doesn’t Work for Inherited Properties
Inherited homes are rarely “market ready.” They may need costly renovations, contain outdated fixtures, or require clearing out years of belongings. When you go the traditional real estate route, you may face:
Repair Costs: Updating kitchens, bathrooms, roofs, and mechanical systems can cost tens of thousands.
Carrying Costs: Property taxes, utilities, and insurance add up every month the home sits unsold.
Stressful Negotiations: Buyers typically request repairs after inspections, dragging out the process even longer.
Family Tensions: When multiple heirs are involved, waiting months for a sale can make an already emotional situation more difficult.
For many families in Chicago, the traditional listing process simply isn’t practical when selling an inherited home.
Why Chicagoland Families Choose HomeTrade
At HomeTrade, we specialize in buying inherited houses quickly, fairly, and with zero hassle. Here’s why more families in Chicago and the suburbs choose us:
We Buy As-Is: No repairs, cleaning, or updates required.
Fast Closings: We can close in as little as 7 days—or on the timeline that works best for your family.
No Commissions or Hidden Fees: Unlike agents, we don’t take a percentage. What we offer is what you walk away with.
Local Experience: As a Chicagoland-based homebuyer, we understand neighborhood values and probate processes.
Compassionate Approach: We know inheriting a property can be emotional. Our team handles each situation with care and professionalism.
Most importantly, our process is simple: request your offer, review it with no obligation, and if it works for you, we close quickly.
Sell Your Inherited Home the Easy Way
If you’ve inherited a property in Chicago, Cook County, or the surrounding suburbs, you don’t have to deal with the stress of costly repairs, drawn-out listings, or complicated family disputes.
HomeTrade is Chicagoland’s preferred homebuyer for inherited properties because we provide heirs with certainty, speed, and peace of mind.
Contact us today for a free, no-obligation cash offer and see why so many Chicagoland families trust HomeTrade when it matters most.