When a loved one dies, the last thing anyone wants to think about is finances. This is a time for mourning and remembering, not dealing with lawyers, salesmen, or agents. The sad reality, however, is that many people don’t have their assets correctly allocated when they die, and this causes many legal issues for their family afterwards. One such issue is a house that is placed in probate.
If a homeowner doesn’t have a living trust or a will, there can be many arguments over who the house belongs to. These can be between family members, lawyers, or even public officials. Once a house is in probate, selling it can be a long, arduous process that sometimes takes years. Fortunately, there are some ways to help you sell a home that has been placed in probate.
File for Probate Immediately
If you have been listed as the executor for the estate, you will want to file for probate as soon as possible. This means that you should find an attorney and get to the courts immediately. You want to get a jump on this because it can take months to get a court case and waiting around for that long is stressful and unproductive. Make sure you have all the necessary documents and that you go over everything with your attorney so that you understand what to expect during the process.
Find a Real Estate Agent
After a family member’s death, you probably already have plenty to deal with. Acting as your own real estate agent is both mentally and emotionally draining and will likely lead to issues down the line. You will be better off getting a real estate agent to take on the heavy lifting when it comes to selling your home. They can even act as an appraiser and place an accurate value on the home.
This will allow you to focus on the legal process and to speak with other family members about the situation. A real estate agent takes the emotion out of the sales process and will do everything to make sure that you get fair value and that objective decisions are made rather than emotional ones.
Maintain the Home
During the probate process, the home may remain vacant. This is not a reason to ignore it, as inactivity can lead to many problems within the building. Make sure to keep checking up on the home and looking for issues such as leaks, infestations, or faulty appliances. If you neglect the home while it is sitting vacant, it will lose value and your family will have even more stress to deal with.
If you don’t have the time to check up on the home regularly, consider hiring a maintenance company to go in and do the work for you. It may be costly up front, but in the end, it will save you a lot of money and time. If hiring a maintenance company is out of the question, then family members can share the duties of maintaining the home.
Consider Selling the Home for Cash
Depending on state laws and the status of your loved one’s will or trust, you may be able to sell your home for cash. Selling for a cash is a quick and easy way to get rid of the property and relieve your family of the anxiety that can be caused by the probate process. If nobody in your family is interested in owning the home, then selling for cash might just be the best option for you.
Services like Ryan’s Buying will quickly work up a cash offer for you whether or not your home is in probate. Even if it is in probate, Ryan’s can take over the responsibilities of the process after they give you cash for your home. This is an easy and fast solution, and there are no obligations once you receive the offer.
We will take a look at the home and come up with a cash offer within 24 hours. Once you get the offer, you can speak with your family and determine if you want to accept the cash. If you feel that it is not a fair offer, you don’t have to take it, and we won’t push you into accepting it at all. We want this process to be quick and painless for you, and we understand that this is not an easy time.
If you do accept our offer, you will be relieving your family of many of the burdens of dealing with a house in probate. You will no longer have to worry about legal fees, paying the mortgage (if it hasn’t been paid off), working with the courts, or maintaining the home. Once we buy your home for cash, we take over all the responsibilities including the legal ones. The death of a loved one is hard enough to deal with, and the probate process can cause unwanted stress to all members of the family. If you want to sell the home fast, call us today!