Inherited Homes and Probate

Inherited Homes and Probate

What to Do with an Inherited Home

When a person dies, all their assets and property are inherited by their heirs.  The result, all the assets enter a status called probate.  During probate a lawyer and appointed executor approve all inheritance-related actions.  Don’t want your inherited home to enter the lengthy and expensive process probate?  Learn how to sell your inherited home fast.

Benefits of Selling Before Probate

There are many reasons to sell a home before it enters probate:

  • The estate executor is responsible for the home’s liabilities and insurance. Selling also decreases potential liabilities for the estate.
  • Liquidating assets is the easiest and quickest way to split assets among multiple heirs.
  • It is expensive to maintain a home during probate.  You still need to pay regular utility bills, taxes, and upkeep costs.
  • Liquidate the deceased’s largest asset to avoid conflict.

It is difficult to think about the process sale of a home after someone passes.  Many individuals choose to write the sale of their property into their will to make this decision easier on their heirs.  If the sale of the property works best with your family’s estate planning, the property needs to be sold quickly before it enters probate.

Sell your Inherited Home Quickly

In order to avoid probate, you need to sell your inherited home fast.  Contact a real estate investor if you don’t have the time or resources to sell before you enter probate.   Real estate investors frequently purchase homes before they enter probate.  CNS Home Solutions is experienced in dealing with the complex nature of probate and real estate. Contact CNS Home Solutions today.

 



Kyle and Tony could not have been more of a pleasure to work with on my sale of 203 205 Tinkham Street in New Bedford, MA. They made it painless, stuck to their promise and had my house purchased within 30 days of agreement. Could not have been happier!

Donna S.

Well, that was easy! Called them, expected to get low balled but they gave me a very fair offer for what I was looking for and what they were looking for and came to an agreement where we were both happy. Would recommend these two guys to anyone who wants an easy transaction!

Nathan G.

My house was actually in foreclosure, somehow they contacted the city of New Bedford, MA had them go to the courts and pulled me out so I could at least walk away with something at closing. Was very surprised but very happy at the same time. Thanks so much guys!

Gerald S.