How To Sell An Inherited House Even If It’s In Probate
Have you inherited a house that you want to sell? Is it stuck in the probate process at the moment? Would you like to just sell the property so the money can go to other things instead of being locked in the property?
Selling an inherited house can be more difficult than people realize. Usually many things have to be taken into consideration before a sale can even take place.
For example, many homes that are inherited are required by law to go through the probate process. The probate process is intended to make sure that a person’s assets are disposed of in a proper way.
Probate is a legal process that is handled at the local level. So the local county clerk is where the probate process begins. Keep in mind that a judge has the jurisdiction over probate matters.
Selling An Inherited House May Have More Difficulties In Addition To Probate
Many homes that are inherited were owned by senior citizens. Older residents may not have kept their house up to date with current trends in home design or decoration. A home that seems stuck in a past decade is usually harder to sell.
Some seniors are on a fixed income. So they may choose to delay fixing their home if it is not absolutely necessary. This situation may create a backlog of projects that need to be completed to bring the home up to the level of other houses in the neighborhood.
Some elderly people feel so self-conscious about providing for themselves that they may not even tell friends or relatives when their home needs repair. Unfortunately, the person who inherits a house may not even know of all the things that need to be repaired or replaced soon.
Trying to sell a house that needs fixing or remodeling or updating decreases the number of interested people who could be a buyer. That makes selling an inherited home tougher.
Most people who inherit a house do not want to spend thousands of dollars of their own money to fix a house when they are going to immediately turn around and sell it. That is simply a risk that most people do not want to take.
The probate process can take months (or even years) to be completed. And then listing the house with a real estate agent can prolong the sale another 6 to 12 months after the house gets out of probate. That’s a long time to wait to receive money from the sale of a property that you inherit.
Selling An Inherited House Does Not Have To Take That Long (If You Know How)
We know because we buy houses that have been inherited. We are a local Kentucky real estate company. And we’ve put together a team that can deal with the legal side of things so you can sell a property even if it’s currently in probate.
Since we buy houses fast with cash, you won’t have to wait for an agent to go looking for a buyer. That could save you 6-12 months of waiting.
And we buy houses that need repairs or remodeling. We have professionals that can do any type of repair or fixing project on a residential home.
So we can give you a written offer to purchase the house that you’ve inherited in “As-Is” condition so you will not be asked to do any repairs. Then our legal team will work with your attorney and do the legal stuff to make the sale happen…even if it’s currently stuck in probate.
If you don’t have an attorney, then we can suggest one so you will be properly represented. We like to do things so that everyone is treated fairly and with integrity.
If you want a written offer on a property that you have inherited, fill out the form on this page or call us directly at 859-903-5544.