The passing of a loved one always seems to bring about something that could be described as a storm of change. There’s the adjustment in your personal life, as well as the need to manage the assets that the deceased has left behind. In some cases, this can include a house that goes into probate. If that sounds familiar, you might be wondering what you should expect.
The Executor
The first thing you should understand is who is responsible for the property until it’s passed on to the inheritor (or inheritors, as the case may be). Hopefully, an executor was named in the will of the deceased. This person is responsible for the maintenance and financial care of the deceased’s assets and property until it’s time for them to be distributed to heirs as dictated by the will.
If It Needs to Be Sold
Sometimes a house in probate may need to be sold in order to pay off outstanding debts left behind by the deceased. Time can be pressing in such cases, which can sometimes mean that the absolute best price must be sacrificed for the sake of a more rapid sale. Still, that shouldn’t mean accepting an offer that is less than fair. Simple Cash Offers is devoted to fairness when it comes to every offer made, so you can rest assured you aren’t being lowballed.
If It Passes to an Inheritor
In other cases, the house doesn’t need to be sold to settle debts. In that case, the property is inherited as dictated by the will. This may mean that the house is to be sold with the proceeds being divided up. In other cases, the house itself may be inherited. That doesn’t always mean that the new owner necessarily wants or is able to keep it though. If that’s the case, Simple Cash Offers is ready and willing to help those who have become the new owners of a property they are better off selling.
A house going into probate can be a bit confusing for those left behind, especially anyone who stands to inherit it or a portion of what it’s worth. Understanding what you should expect when a house goes into probate can go a long way towards preventing feathers from being ruffled and smoothing them down if necessary. Handling property can be tricky, but you don’t need to let that stop you from moving forward. If all else fails, Simple Cash Offers is here to help you get a troublesome property off your hands.
Need to sell a house in probate? Simple Cash Offers can help! Click here to take the first step towards a fair, no-obligation cash offer for the property today!