Losing a loved one is a devastating and painful and experience, which no one can plan for. Whenever someone dies, either their family member or relatives typically take the responsibility for the decedent’s estate. However, if you happen to inherit property after the death of your loved one and want to sell it during probate, it is not as easy as a traditional home sale.
Get ready for a process with lots of twists, turns, and bumps, unless you have one of the best probate attorneys in St. Clair Shores by your side.
When it comes to probate, it is a legal procedure of proving a will and helps heirs obtain the assets as mentioned in the will and clear the estate’s debts. Probate prevents any fraud because when someone dies, several people may come up as heirs to take advantage of the situation.
Although every state has different laws for houses in probate, the process comprises of detailed rules related to timelines, paperwork, deadlines, and more. And you are required to abide by all the rules throughout the process. However, some mistakes can add more complications to an already intricate process. In this post, we will explain the most common mistakes people make when selling their house in probate.
Here are the three pitfalls to avoid when selling your house in probate:
1. Working with an inexperienced probate attorney
It is not easy to sell a house in probate because the process is quite tricky. Therefore, you will need a lot of help throughout the procedure. Whether you were an heir of the estate in the will or appointed by the court, you need to work with an experienced probate lawyer and real estate agent for a successful home sale.
A probate lawyer acts as your general advisor and represents your case in the court while helping you gather all the documents and information required for the sale. On the other hand, a real estate agent will manage all the nitty-gritty tasks related to the property. In simple words, they will make your selling process a bit easier. However, if you hire an inexperienced lawyer and realtor, you will end up having a more stressful situation.
2. Selling a house in probate without authority
Just because your name has been listed in the will as an estate’s heir, it doesn’t give you the right to sell the property. If you want to sell a house in probate, you will have to first appear in the court to get legally appointed by the judge, and after a process, you can move forward with the sale.
3. Abandoning the house for an extended period
In some cases, conflicts among stakeholders can delay the sale. As a result, the estate may be left vacant for a prolonged period, which can cause several issues such as damaged or broken pipes, overgrown lawn, etc. Keep in mind that the insurance company refuses to offer coverage if a house that remains vacant for 60 days. Thus, the value of your home may reduce significantly.
These are some mistakes you must avoid for ensuring a quick sale of your property in probate.
The best option to sell
Homeowners with a house in probate struggle to either sell it on their own or through an agent. The best way to sell your house in probate quickly is by selling it to a reliable cash home buyer that deals in probate homes in Macomb County. They have the resources and know the tactics to speed up the sale of a house in probate without charging you any extra fees.
Detroit Cash For Homes has been helping people sell the houses in probate for several years. We have a proven track record of successfully selling properties with legal issues and we don’t ask for repairs and upgrades. Call us today for consultation.