A probate sale can be a very intimidating process. It becomes worse when you do not know how to go about it. Strict real estate laws guide the procedure of selling a property during probate. You must be familiar with these laws to sell your property fast and have the proceeds distributed to the beneficiaries. Here are some of the tips that will help you make a fast sale of a house during probate.
Valid suggestions of selling a house fast during probate
Obtain a petition to sell
You must first obtain a petition from the court to sell real estate. To do this, you should file a petition that has all the details of the property sale. One of the most important features you must include is the method of sale. You must state whether you will sell by an open market or by auction. You will then need to file the petition with an independent appraisal of the property. The court will then accept the petition allowing you to sell the property.
Place the house for sale
The next thing is to place the house up for sale waiting for a buyer. It is important to inform your buyer that acceptance of the sale deal is conditional on court confirmation. The court must confirm the sale of the house for the sale to be complete. Selling a house during a probate is a process that has the court involved, and therefore your buyer should be aware of this.
Petition the court for a hearing
You will then need to petition the court for a hearing to confirm the sale. At this point, you will also need to ask for a 10% deposit by the buyer before the court hearing. After the court hearing, you will add the buyer’s deposit to the purchase price if the court confirms the sale.
Involve a home buying company
One of the best alternates is to involve a home buying company if you want to sell a house during probate. A home buying company will offer you the fastest way to sell a house during probate. With legal experience, such a company will guide you on how to go about the whole process of selling a house during probate. This alternative is good for people who have no idea of how to sell a house during probate. You will get a quicker and stress-free process of selling a house during probate if you involve a home buying company.