Selling inherited property is different from selling any other property. You may not own the house clear & free. There are other people involved, and you need court permission before you can decide about the house.
Legal paperwork, court notices, and validation of the will can take time. If you are looking to sell your inherited property, keep reading this article to know the process and the easiest way to sell an inherited property in Bakersfield, CA and associated areas.
I Inherited a House and Want to Sell It— What Are My Options?
There are various ways to sell an inherited house, but understanding the process will make it easier. If you are the sole owner of the property, you don’t have to worry about the prolonged probate process. As soon as the probate court gives you permission to sell, you can sell the house.
Sale proceeds are divided when the probate process is complete. Before the heirs can receive their share, it’s mandatory that all taxes & dues are paid.
Most people ask whether it’s possible to avoid the probate process. In some cases, yes. If a small real estate procedure is applicable, you can claim your share by signing a simple affidavit. However, the short process is valid only for estates valued at below $166,250.
A better way is to connect with a house buying firm in CA. Our company, for example, will take care of all the paperwork and the probate process. You won’t have to worry about legal matters or the complicated probate process.
Selling an Inherited Home—Conventional Way
The probate process can take six months to two years. After the probate process is complete, you can list your home with an agent. Selling with an agent will need another 3-6 months because you’ll need to repair the house. The house must be in a topnotch condition if you want a retail sale of your home. You’ll need to invest time in photography, marketing, and open house events. Once you find a buyer, it can take anywhere from 45-60 days to close the deal.
It is the conventional way to sell your home with a realtor; however, it’s not always the best choice. Facing the death of a loved one, and handling legal matters is an exhausting task. It would be best to sell your home as-is to a cash buyer who will deal with repairs later. You can deal with the matter privately without having to involve other people.
Selling Home to a Local Cash Buyer in Bakersfield
When you are selling an inherited property, a local cash buying company can help you. They know the local area, and they can present you with an all-cash offer within 24 hours. When a local cash buyer sends an offer for your inherited property, they consider the house liabilities, any debts that must be paid from the sale proceeds, and the required repairs. Repairs take time & money, but you don’t have to worry about them because investors will be buying as-is.
A local, family-owned company such as Eagle Creek Investments can also handle all of the paperwork, including the probate process. Our experienced team will deal with legal matters, and we only need a couple of signatures from you. After contacting us, you can relax and let us take care of the rest. After the probate process is complete, we can buy your home as-is for a cash price. It’s a direct sale, so you don’t have to worry about repairs, commissions or closing costs.