How to Sell a House in Probate
Have you recently inherited a property and don’t know what to do with it? A big percentage of sellers that we work with are in the same situation. We find that alot of times, the heirs to the estate have inherited a property that is located in a totally different city or state from where they live. This makes it very difficult and expensive to manage a property. Especially one that, in alot of cases, already has deferred maintenance.
If you have inherited a house that you need to sell quickly, a local real estate investor is going to be your number one and best solution. There are several reasons why, but let’s stick with the most important:
- Real estate investors pay cash for houses.
- Real estate investors are great if you need to sell the house fast.
- Even if the house needs repairs, they’ll pay cash for your house and never ask you to do anything to fix it up.
- There’s never any haggle. Just sign the paperwork, and get a quick sale.
- The people that say “We Buy Houses” are quite familiar with the Probate process. Sometimes, uncooperative heirs, judgments, and other obstacles arise. This can prolong the process, causing some people to walk away from the deal. Unlike a traditional buyer, they’re willing to wait out the legal process, EVEN if it takes a year or more.
Houses that are involved in a Probate usually (but not always) have deferred maintenance , are outdated, and may even be close to demolition. You can still sell a house in probate quickly, and get paid all cash for the house, while saving the estate and the other heirs from having to deal with complicated issues. Yes, you may have to have a few battles between brothers and sisters, or whoever else ended up being part owner of the property. Once you’ve come to an agreement as far as how to establish an acceptable purchase price, and how soon you’re wanting to get rid of the property, then its time to
on your local real estate investors. Just look for the signs or advertisements that say “WE BUY HOUSES”, or “We Pay Cash for Houses”. You’ll see them all over the place once you start looking.