One responsibility you may have after a loved one passes away is selling their home. This can be a difficult task as you are going through the grieving process at the same time. Understanding what you should do in this situation is helpful.
Selling the Home of a Loved One Who’s Passed Away
By ironcladgroup
Is The Home In Probate?
One of the first things you will need to determine is whether or not the home is in probate. Probate is a legal process in which all property of the deceased is transferred to a beneficiary. This process is thoroughly analyzed and reviewed to ensure there is no fraud taking place. Probate only occurs if the property was not transferred while the deceased was still living. The probate process can take a very long time and often extends for months or even years. You may not be able to sell the home until the probate process is over. If the home is in probate, your priority should be determining whether or not you can sell the property before probate has been completed.
Renovations or Selling As Is
When you begin the process of selling the home, you will then need to consider if you will renovate the house. Renovating can help increase the property value which will allow you to sell it for more money. Just keep in mind that it will also be expensive to actually complete the renovations. In addition to raising the property value, renovations can also help you to attract more buyers. On the flip side, you can also sell the home as is. Doing so allows you to sell right away without delays for renovations, and you can save a great deal of money too. Additionally, there are certain buyers who actively seek out homes that are selling as-is.
Finding a Buyer
Your last step will be finding a buyer for the home. You can certainly follow the traditional route by including your home on several listings and working with a real estate agent to find a buyer. This method of selling homes is most common. You can also look for a cash buyer. In a cash sale, the buyer provides all the money upfront and you can expect a much faster sale. Often, you can sell in less than 30 days. Cash buyers are also more likely to buy homes as is.
Selling the home of a loved one can be difficult. Knowing what to expect can make the process easier to navigate and experience. Take your time to understand what will happen as you sell the home, and don’t forget to take personal time to mourn and stabilize your own life after such a major change.
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Are you thinking about selling your house?
If you’re thinking of selling and are exploring your options, consider selling directly to us. If you don’t want to go through the hassle and headache of selling to the market then we might be able to help.