How to Sell a House During Probate
After losing a loved one, the last thing you should have to worry about is the costly, time-consuming process of selling a family home. The probate process complicates things further, as it involves court supervision and a fair amount of paperwork. Fortunately, there are professionals who can help you through this stressful period. If you’re wondering how to sell a house during probate, you’ve come to the right place. Below, we’ve laid out some of the details to help understand the probate house sale process, as well as how you can simplify the process by working with our reliable company.
An Executor or Administrator Is Appointed
If the deceased individual left a will that named someone to distribute the property in question, and that person is willing to serve in that role, he or she is appointed executor of the estate. If there is no will, if an executor was not named in the will, or if the named executor is unwilling to serve, then the court will appoint an administrator of the estate.
The Property is Appraised
The next step in selling a house during probate is having the property appraised. An appraisal provides an estimate of the value of the home, and the property must sell for at least 90% of its appraised value. If you are serving as executor or administrator, working with a professional company through this process can be exceptionally helpful, especially as you deal with other legal elements that may need settling during this challenging time.
The Home Is Listed and Sold
After a court hearing, the property may be officially placed on the market, but it must be listed as a probate sale. After an offer is made on the home, another court hearing must take place before the sale becomes final.
The Sale Is Finalized
During the court hearing, additional potential buyers may bid on the property. The probate court supervises this process and there are specific rules that must be followed in terms of bid amounts and who may place a bid. After the probate court confirms the final buyer, the sale can be completed.
In the case of an informal probate process, the process may differ, but hiring a professional can be helpful either way.
The Company to Trust During This Difficult Time
Selling a house during probate isn’t easy, and it’s something that no grieving individual should have to go through alone. Fifth Avenue Property Group can help. We provide expert cash home buying services to residents of Pittsburgh and the greater Pennsylvania area. We do things differently than other cash buying companies, as we will put in the time to build trust and understand your exact needs in this challenging time. Our dedication has earned us an A+ rating with the Better Business Bureau, as well as a positive reputation throughout our community.
If you need to sell a house during probate or any other stressful time in your life, know that we are here for you. We have developed a simple, streamlined process that eliminates many of the pains of dealing with traditional realtors, as we will purchase your home as-is and work to sell it fast so that you can get back to what really matters in your life. Contact us today to learn more.