We Buy Probate Houses
Are you faced with the decision to sell the home of a loved one?
Selling a Probate Houses in Ohio
Selling a Ohio house in probate is a large task and can be difficult. There are so many legal processes that the property should go through before it can be listed as a probate sale. Even after the property is sold to the highest bidder, there is still paperwork to accomplish.
Selling a probate property is done through four steps: 1) open a probate case, 2) an executor is named in the will or administrator is appointed by the court, 3) petitioning the court to begin the sale and listing the property, and 4) asking the court for sale approval if the will does not give this authority. The probate sale may be many months in length, but depends how quickly the administrator and probate attorney submit the paperwork to the probate court. The heirs get what is left after all fees and debts are paid. The house sale in probate need not be lengthy and could be the shortest step of the process.
Whether you are an executor who needs guidance on the probate process or simply a relative who would benefit from the sale, you’ll find this guide useful.
What is a Probate Property?
Probate property is an asset left by someone who died that has to go through the probate process. A probate property is either distributed through a will (testate) or without a will (intestate). Confusing isn’t it?
Not all real property has to go through the probate process. Houses are often transferred upon death (TOA) bypassing the probate process. Houses can also part of a trust. We are able to buy the house in all of these types of situations. Our title company can handle all of these unique situations.
While the term “probate property” often means a probate house, it is essential to understand that it can also mean other assets such as cars, stocks, jewelry, etc. A house is considered REAL property.
What is the difference between real and personal property?
Real property is immovable. It includes the land, everything that is permanently attached to it, and the rights that “run with” the land. Personal property, on the other hand, is movable.
Can a House Be Sold While in Probate?
Yes. A house can be sold while in the probate process. In fact, it is probably one of the most important parts of the probate process. You need not wait until the probate process is complete to sell. The process of Probate is to disposition the estate property and in the case of a house, it is to sell or transfer it out of the name of the deceased. Probate houses are sold the same way as traditional houses. Often through a real estate agent, but often through a cash buyer who is will to buy the property in its “as-in” condition. It is a good option if you are looking for a faster, hassle-free probate sale.
The probate expenses, estate debts, sales commissions and insurance fees would also be deducted from the sales of the Ohio property before the heirs can divide the money for themselves.
Things to Consider as the Executor of an estate or the Personal Representative
Do you live out-of-state and find it hard to deal with selling and cleaning out a home?
Do you live nearby, but still find it hard to find the time to sell and clean out the property?
Does the home need updating to get it into ready-to-sell shape?
Do you have taxes to pay and/or outstanding liabilities to take care of?
Do you have to pay high property insurance premiums because the house is vacant?
We buy probate houses fast!!
Having a hard time deciding what to do with the personal property, furnishings, etc.?
It can be a daunting task to clean out a house full of a life time. Many are faced with this task from out-of-state. Many of us are “keepers”. We keep everything. Or to put it another way, our loved ones haven’t thrown anything away in decades.
Family members end up spending months looking for anything of value especially things of sentimental value or important paperwork they might need. Executors and family members often get to a stage where they just close the door and walk away. Finishing this job is just something they can’t do. What happens then is the property just sits there for months and months. This is typically the one thing holding up the process of getting the estate settled.
You Don’t Have To Do It! We Will Do It For You.
Before a house can be sold by a real estate agent, it must be empty of all personal property. We can not only buy your house fast, but we can clean it out for you. We have cleaned out many houses and know what a large chore that can be. Not only is it difficult emotionally, but it can be very physically demanding as well. Cleaning out the house is something that we will do for you. That’s right; as part of our offer, we will finish the job for you. You can take everything you want, and we will take care of the rest of it.
Not Sure Exactly What You Need to Do Next?
No need to worry. Once we have reached an agreement to buy your property, a member of our team will determine what still needs to be done to sell the property. Together we will get everything finished so you can move forward.
- If that involves removing the rest of the belongings from the house, we will do that.
- Is there furniture or old cars that can be donated? We will take care of it.
- Does the house need repairs and updating? You can just walk away and we will take care of everything.
- Are you unsure what paperwork still needs to be completed to close out the estate? A member of our team will get the answer for you.
- Our title company will work with the probate attorney to file all the necessary paperwork to transfer the title.
We Buy Probate Houses Fast. Contact Us Today. We specialize in probate and estates.
Are you still not convinced that this solution is right for you? That’s OK.
Give us a call today at 440-973-6024 to see how we can help you get this unwanted property sold. Tell us what your situation is, and we will find a solution.
You can also leave your information here on this site in the contact form if that works better for you.
We Buy Probate Houses Fast in Cleveland … We Solve Problems
Call us today at 440-973-6024!
FREE Guide: Tips for Caring for a Vacant House
There are many things to keep track of when you are caring for a vacant home. It easy to care for a home in the summer, but once the bad weather of fall, winter and spring hit NE Ohio, it gets much tougher. This guide will help you remember all thoe extra things and help you avoid costly mistakes.
If you are planning to sell this home us a call at 440-973-6024 and we’ll discuss what your home is worth and what we can offer to buy it for our Cash Offer Program.