Inherited a Property in Winnipeg?

🏡 The Inherited Property Burden

You just inherited your parents' house. Now what? The grief is overwhelming, and now you're facing a property you don't want, can't afford, or don't know what to do with.

Inherited properties come with unique challenges:

• Emotional Attachment: Memories make it hard to make logical decisions
• Sibling Conflicts: Multiple heirs with different opinions on what to do
• Out-of-Province Heirs: Living in BC or Ontario, can't manage a Winnipeg property
• Probate Delays: Legal process takes months, bills keep piling up
• Ongoing Costs: Property taxes, insurance, utilities, maintenance eating into inheritance
• Deferred Maintenance: Mom lived there 40 years, never updated anything
• Contents Overwhelming: Lifetime of belongings to sort through, donate, dispose
• Uncertain Value: Is it worth $200K or $300K? No one knows.

Meanwhile, you're bleeding money. Property taxes, insurance, utilities, lawn care, snow removal - $500-800/month just to keep an empty house you don't even want.

Common Inherited Property Scenarios We Handle

Why Inherited Properties Are Hard to Sell Traditionally

• Outdated Condition: Buyers want move-in ready, not 1970s time capsules
• Emotional Pricing: Heirs remember it as worth more than market value
• Decision Delays: Multiple heirs = slow decisions on repairs, pricing, offers
• Geographic Distance: Can't manage showings from 2,000 km away
• Carrying Costs: Losing $500-800/month while it sits on market 3-6 months
• Estate Complications: Probate, executor duties, legal complexities slow everything
• Contents Clearance: Need to empty house before listing (expensive, time-consuming)

How We Simplify Inherited Property Sales

We handle everything:

• Buy As-Is: No repairs, no renovations, no updates required
• Buy With Contents: Leave furniture, belongings, everything - we clean it out
• Work With Executors: We understand estate legal requirements and work with probate lawyers
• Multiple Heir Coordination: We handle paperwork for all heirs to sign
• Flexible Closing: Close during probate, after probate, whenever legally possible
• Split Proceeds Easily: We wire/check each heir their share directly
• Stop Carrying Costs: Close fast, stop bleeding money on taxes/insurance/utilities

Inherited Property Types We Buy

• Family Homes: Parents' house, grandparents' home, longtime family property
• Rental Properties: Inherited rental with problem tenants or deferred maintenance
• Vacant Land: Inherited lots or acreage you don't want
• Condos/Apartments: Inherited condo units (we pay condo fees until closing)
• Multi-Family: Inherited duplex, triplex, fourplex properties
• Commercial Property: Inherited business properties or mixed-use buildings

Probate and Legal Considerations

We work within Manitoba probate law:

• Before Probate Complete: We can make offers subject to probate completion, locking in price now
• During Probate: With executor authority, we can sometimes purchase before full probate
• After Probate: Standard purchase with all heirs signing
• Executor Sales: We work directly with estate executors/administrators
• Court-Ordered Sales: We can participate in estate auctions or court-ordered sales

We're NOT lawyers and don't give legal advice. We work WITH your probate lawyer to structure compliant purchases. All contracts protect us and minimize our risk while following estate law.

Multiple Heirs? No Problem.

Scenario: 3 siblings inherited parents' $360K Winnipeg home

Option 1: Keep It

• Who manages it? Who pays for repairs? What if one sibling wants out later?
• Recipe for family conflict and resentment

Option 2: Rent It

• Who manages tenants? Repairs? Rent collection?
• How do you split income after expenses?
• Still ongoing conflict and complexity

Option 3: Sell to Us

• We offer $310K cash (house needs $30K repairs)
• Each sibling gets $103,333 wire transfer
• Close in 14 days, everyone moves on
• No repairs, no cleanup, no ongoing management
• Clean break, fair split, zero conflict

Out-of-Province Heir Situations

You live in Toronto, inherited Winnipeg house. You face:

• Can't manage showings remotely (realtors charge extra for this)
• Can't supervise repairs or contractors
• Can't check on property security (vandalism, squatters, frozen pipes)
• Flying back and forth costs hundreds or thousands
• Time zone differences complicate communication
• Don't know local market values or contractors

We solve everything:

• One phone/video call to discuss property
• We inspect property ourselves
• We make cash offer
• You accept via email/DocuSign
• We handle all closing with local lawyers
• We wire you proceeds - never need to visit Winnipeg

The Contents Problem

Parents lived there 40 years. Every room is full of:

• Furniture (some antique, most outdated)
• Clothes, photos, documents
• Kitchen items, books, knick-knacks
• Garage/basement tools, boxes, "treasures"
• Years of accumulated "stuff"

Traditional options:

• Estate Sale: Costs $2,000-5,000, takes weeks, leaves junk behind
• Donation: Charities won't take everything, you still haul the rest
• Junk Removal: $2,000-8,000 depending on volume
• DIY: Dozens of hours sorting, hauling, dumping (if you're local)

Our option: Leave it all.

• We buy house with contents included
• You take sentimental items and valuables
• We handle estate sale, donations, junk removal ourselves
• Cost: $0 to you (we factor it into our offer)

Tax Implications of Inherited Properties

Disclaimer: Consult a tax professional. We're not accountants.

General considerations:

• Capital Gains: Usually minimal if sold soon after inheritance (stepped-up basis)
• Estate Taxes: Manitoba probate fees apply (around 0.7% of estate value)
• Ongoing Costs Deductible: Property taxes, maintenance during estate period may offset gains
• Multiple Heirs: Each heir reports their share of gains

We work with your accountant to time sale for optimal tax treatment.

Our Inherited Property Purchase Process

What Makes Inherited Property Sales Different

• Emotional, Not Financial: Decisions driven by grief, guilt, family dynamics - not profit maximization
• Time Pressure: Heirs want it resolved quickly to move on with lives
• Distance Challenges: Often out-of-town heirs who can't easily manage property
• Conflict Potential: Multiple heirs = multiple opinions = need for simple, fast resolution
• Condition Acceptance: "We'll take it as-is" is incredibly appealing vs. $30K renovation projects

We specialize in making inherited property sales simple, fast, and conflict-free.