The Fastest Way to Sell a Home in Probate
It may not come as a major source of comfort that you’ve inherited a house if that equates to the loss of a loved one.
Nonetheless, when that happens, you have to deal with the circumstances AS IS… And speaking of “AS IS”, you’re just about to learn how very significant those two words will have in your circumstance. But first, what is the fastest way to sell a home in probate?
Once after the deceased’s passing, their estate will go probate depending on how the deceased had planned their estate. In as much as probate is a legal process, it’s not exactly a favorite with many particularly because of its complexities. And thus begs the question…
Why would you want to sell a home in probate—FAST?
Some people may not understand why anyone would want to quickly sell a house they have just inherited; but considering the following factors, you’ll see why you wouldn’t think twice.
1) You may have inherited a house that’s located in a state other than your home state – and unless you don’t mind moving out to start a new life in the inherited home, managing the inherited home is bound to be a problem in terms of:
time it will take you
traveling back and forth
costs incurred in the process
2) The probate house is most likely in dire need of major repairs, renovation and maintenance – the works. It will most likely already be in a state of deferred care-taking and what with everything you already have on your plate, selling it will seem more viable.
3) If you decide to sell the house via the probate court, you might just realize that the end doesn’t always justify the means. Why so? Simply because the very aspects you’ll be avoiding (by selling the house) are the very aspects you’ll eventually face…
Further complications with all the legal-this and legal-that Major delays courtesy of the “fast tempo” of probate court proceedings. Extra expenses from court fees, to attorney fees and every other penny in between (even petty penny counts if it adds up here, there, everywhere!) What of the headaches—and heartaches! From strict protocol that must be followed, firm deadlines that must be met and the constant reminder of your loss…
More middlemen! (3rd, 4th, 5th…nth parties all brought into the mix)As the probate courts painstakingly take their time, the probate house sure isn’t getting any better – the unfilled cracks will not save nine, the molds will collude with the termites to form an ecosystem, the leaking pipes will cry a river…(a stark reminder of the difference between a house and a home) And alas, with all the additional expenses and devaluation of the probate house, how much more do you expect to get from selling it a year later? (Go figure!)
4) Perhaps you’re lagging behind in keeping tabs on all the bills and payments for the maintenance of your inherited home. As you may well know, you can’t keep this up for too long lest you risk losing your home to foreclosure.
So instead of running that risk and tempting ill-fate, you may decide to sell your probate home really fast; thus averting expenses you’re unable to cover while dodging losses through foreclosure.
5) Then there’s those real estate agents we love to hate and hate to love. They do a great job—there’s no questioning that, but are they really always that viable when it comes to selling a probate house via the probate court? Not quite, but if you must…
Do you know what the average national pay is…for a real estate agent selling a house on probate court summons?
We’re talking close to $10,000 as a median value nationally – even if you plus or minus a little to make that sum look pretty, there’s a whole lot you could do with that in savings!
There are utility, maintenance, and even state/federal taxes the probate house will be incurring on a monthly basis, whether or not it’s up for sale…
And guess who will be paying for this? (While the probate court see-saws back and forth before the hammer goes down…) Certainly not the real estate agent!
Then there’s the catch: The realty agent comes on board to sell the house on your behalf and with the probate court’s approval…
Nobody said there’s a surety that the agent will indeed eventually find a buyer for the house—the agent can sue you for defaulted payment, but you can’t sue the agent for not selling the house if there’s no one to buy it!
No matter what your reason for wanting to sell the probate house may be, there’s no telling, anything that can make probate any less complicated will be more than welcome.
WE TAKE ALL OF THE COMPLICATIONS AND TIME OUT OF THE PROCESS.
OUR OFFERS ARE ALL CASH AND WE CAN CLOSE QUICKLY EVEN IN A FEW DAYS IN MANY CASES.
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Great Neck, N.Y. 11021
516 764- 0226 x 105