Selling a House in Probate: Your Complete Guide
Probate is a property-based term that can create confusion among people. But with our guide, any questions you may have can all thankfully be answered right here.
We know the sudden death of a family member is a hard time for anyone grieving. So dealing with financial and property issues is even more burdensome. Are you looking to understand more about how probate works and what it is? Let our guide explain it all in an easy-to-understand format.
What Is Probate?
When someone passes away, their estate must be handled correctly. Their estate could include such things as a home, any investment or money, and any assets they had. It must be in conjecture with current law.
This is a financial and legal process for dealing with all parts of the estate. It proves the will is valid and confirms who can administer the deceased person’s estate.
What is a grant of probate?
It is an official document that confirms that the holder is legally entitled to the entire handling of the estate. When granted, the properties can be transferred or sold per the will’s instructions.
Probate House Sale
There are a few things you will need to be fully aware of for selling a house if a house becomes a probate property. While under probate- before probate has been granted, a home can’t be legally sold. If you are handling the estate or are appointed as the executor, there is a good chance that the property will be involved.
Sell your inherited house quickly and without any hassle to us! You can sell your inherited house to a reputable and experienced cash buyer. At NeedToSell.com, we have years of experience helping sellers navigate this complex process confidently and easily.
How To Apply For Probate
You can do so via post or online to apply for probate. If you complete a postal application, you can download and print the relevant forms from the Government website. Once complete, return them to the local probate office. When returning them, you will need the following:
- PA4P application form
- A completed inheritance tax form
- The death certificate
- The original will and three copies
If applying online, you can complete the online form. Just ensure you have the following:
- The original will
- The death certificate
- A completed inheritance tax form
How Long Does A House Under Probate Sale Take?
Probate itself grants typically within 12-14 weeks of applying for it. Although, the completion of a property sale can take much longer. The actual sale process can then take place, leading to the sale taking a very long time. It seems it will take a year to complete the sale. But with NeedtoSell.com, you can skip this hassle. We make your home selling process smooth and easy as possible.
How To Sell A House In Probate
There are many options open to you. It depends on how quickly you want to sell your property. Also, how much of the actual value you would like to receive could decide how you market your property.
The most common way is a traditional estate agent. But it is the slowest way to sell. You can get three properties listed, viewed, and even agree on a price before granting probate. Still, you could wait a very long time with this method.
You can go via the route of a property auction alternatively. It is the way to sell your house fast. This process can be completed in as little as 28 days. So, this is potentially great. However, the process of auctioning a property can’t begin until probate has granted. There will also fees involve, and they can vary per auctioneer.
The best way to sell your property is via cash home buyers. This is the quickest way to sell your house. NeedtoSell.com is a house-buying company in Texas that buys properties without charging fees. Funds are available almost immediately, and the sale process will be complete after probate is granted.
Are you looking to complete the sale of your house quickly? Contact us now! Our team of professionals can make your home selling process much smoother than the traditional home selling process.
