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If you’re going through the probate process after inheriting a house, you’re well aware of how complicated and frustrating the process can be. Below is a step-by-step guide about the lengthy probate process, along with what we can do to help. The probate process can vary slightly from state to state.
It’s important to mention that in the event that the previous homeowner doesn’t have a will in place, the probate is still required to finish paying the bills and dividing the estate. If you don’t want to own the estate but are in the probate process, we’re here to help.
Filing a Petition and Giving Notice to Heirs and Beneficiaries (that’s you!)
The very first step of the probate process is filing a petition with the probate court. This process can differ based on whether or not the deceased had a will and if the estate was in the will. This petition will eventually lead to all heirs and beneficiaries in a court meeting.
Often there are other people present such as creditors or banks that the deceased owes a large amount of money to. Chances are if you’re reading this you are likely heir to the estate or about to be.
Inventory of the Estate
Next, the decedent’s representative will alert creditors. This is so that the creditors can claim assets of the estate. Depending on the person and their will, this can be a very quick step or a very lengthy step.There is a limited time period for people to claim assets which is important to note. If the person has a lot of stocks, bonds, and property, expect this to take time.
Paying all Debts and Expenses
Then comes the step where the representative pays all legitimate claims and bills that are left from the estate. This is usually a fairly quick step that then leads to the heir becoming the owner of the home. If you’re in this process right now, you’re probably at the next step!
Transferring the Title
After everything has been paid off and an heir has been chosen via the will or legal obligation, the title of the house will be transferred over. This is where you come in. Due to unfortunate circumstances, you’ve begun the process of inheriting a home. There are several reasons why you may want to sell the house and we’re here to help.
How We Can Help
Once you’re the owner of the home you may be interested in selling the house as quickly as possible. I Will Buy House would love to make this process as easy as it can be. Our team evaluates the estate and can often give you an offer within two to three days! That’s incredibly quick when you compare it to putting the house on the market.
Selling the house on the market can pile on even more stress and we understand that you want to be done with the whole situation. After talking with you and evaluating the house, we will offer to buy the home from you completely with cash. It’s quick, easy, and allows you to move forward. If you have any questions or are interested in learning more, please reach out to us and we will start a conversation to get the ball rolling!
We are Alex and Viktor and we joined forces to begin this business in 2015. We are a small but mighty family business dedicated to providing knowledgeable and personable experience to our homeowners.
We understand that life can put people in all kinds of undesirable situations that they need help getting out of quickly, which is where we step in.
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