Why Inherited Homes Are Ideal for Novation Structures

Novations let you offer full price while solving real friction points for inherited property sellers. If you learn how to position it right, this can be one of the smoothest types of novation deals you’ll ever do.

Blogs

Dec 23, 2024

Inherited properties are one of the most emotionally complex seller types you’ll deal with.

It’s not just about the house, it’s about memories, family, and letting go.

And when those sellers also want full price… You’ve got a problem if cash is your only option.

That’s where novation shines.

Novations let you offer full price while solving real friction points for inherited property sellers.
If you learn how to position it right, this can be one of the smoothest types of novation deals you’ll ever do.

Why Inherited Properties Are Often a Perfect Fit

Inherited sellers have a strange mix of conditions:

  • The property is usually owned outright (no mortgage)

  • The heirs want to sell, but often disagree on how or when

  • It’s often outdated or in poor condition

  • Nobody wants to fix it

  • They want top dollar, because “it was Mom’s house”

  • There’s a deadline involved: taxes, probate, and personal stress

That combo makes listing painful and a cash offer insulting.

Novation offers the best of both worlds: a hands-off sale with a full retail exit.

Key Emotions and Objections You’ll Face

When talking to inherited sellers, expect:

Sentimentality

“It’s been in the family 40 years.”

“My dad built that deck himself.”

Guilt

“We’re not trying to profit, we just want to do what’s right.”

“It doesn’t feel right to just let it go cheap.”

Overwhelm

“I live out of state and can’t come clean it.”

“It needs so much work, we don’t even know where to start.”

Confusion

“We don’t know if it’s still in probate.”
“Do we need to go through a realtor or not?”

If you try to “sell” them too fast, you lose.
If you try to “explain” too much, you confuse them.

You need to listen, empathize, and then present novation as the least painful way forward.

How to Introduce Novation to Inherited Property Sellers

Let’s walk through the conversation, step by step:

Start With Permission, Not Pitch

“Would it be okay if I showed you a third option? It’s not a cash sale, and it’s not listing with an agent. It’s somewhere in between, and it might give you what you’re looking for.”

Get them to say yes before you explain anything.
This reduces resistance before it shows up.

Focus on Net Outcome, Not Process

“Here’s what it would look like for you:
You wouldn’t have to clean it, fix anything, or manage showings.
You’d get the price you want, with no fees or commissions.
And it would all go through a title company just like a regular sale.”

They don’t care about the paperwork. They care about peace of mind.

Explain Novation in Plain English

“I step in, clean it up, get it ready, and handle finding the buyer.
You stay on title until closing, but you don’t deal with any of the in-between.
You get your agreed amount, and I take care of everything else.”

“It’s not a listing, and it’s not a flip. It’s more like a temporary partnership.”

This kind of language avoids legalese and builds trust.

Address Family Concerns Head-On

“If there are multiple heirs, we can write the agreement so no one’s personally liable.
The money gets split however you agree, and the title company handles distribution.”

“I can send a simple breakdown that shows how everything works. Feel free to share it with your siblings or attorney.”

Inherited sellers often fear drama more than paperwork. Show them that novation reduces conflict.

When to Bring It Up in the Conversation

Timing is everything.

Wait until you’ve established:

  • The seller wants close to retail

  • The house needs work or isn’t show-ready

  • They’re not living in it

  • They’re unsure about listing

  • They’ve expressed overwhelm or indecision

Once you hear those, novation becomes a natural next step.

Example Script: The Novation Pitch for Inherited Sellers

Here’s a simplified version of what you might say:

“It sounds like you want to sell, but without cleaning or fixing things. And I totally get that, especially when it’s a family property.”

“So what I can offer is a structure where you still get your number, but don’t have to lift a finger. It’s not a cash sale, and it’s not a listing, it’s something in between.”

“You stay on title while I do the work. I get the retail buyer lined up, and we close once everything’s ready. You get the price we agree on, nothing hidden.”

“If there are other heirs, the title company makes sure everything’s done by the book. It keeps things simple and keeps the peace.”

Common Objections (And How to Answer)

“Can you really do that without being an agent?”

“Yep. I’m not listing it. I’m stepping in as a partner to improve and sell it, kind of like a contractor would, except I’m fronting the effort and cost.”

“Is this legal?”

“Absolutely. It goes through a licensed title company. The same way any sale would. It’s just a different agreement, fully above board.”

“We want to talk to the family first.”

“I encourage that. I’ll send you everything in writing so you can show them. This only works if everyone’s on board.”

Filters to Identify Novation-Ready Inherited Leads

When working with data or marketing, look for:

  • Probate properties (public records or probate lists)

  • Tax records showing “inherited” or “estate” ownership

  • Long-term ownership with a recent change in mailing address

  • Absentee owners who mention “family home”

  • Deferred maintenance, property is vacant, or unlisted

These properties often sit for months because the family is emotionally frozen.

You can be the bridge between indecision and resolution.

Why This Works So Well

Inherited property sellers want:

  • Closure

  • A fair price

  • No extra emotional trauma

  • No family drama

  • A process that feels respectful

And that’s exactly what novation can offer.

If you learn how to present it clearly and calmly, you’ll win these deals again and again.

Because you’re not just solving a transaction. You’re helping them let go, with dignity.

Written By:

Austin Beveridge

Chief Operating Officer

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Discover

Join Thousands Of Satisfied Operators

Discover why top teams rely on Goliath to find motivated sellers. Get everything you need to prospect, nurture, and close more deals.

679

Live Users

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23
M

Closed Deals

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%

Satisfaction Rating

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