Can a house be sold while in probate in/around Los Angeles California ?
Selling your house while in probate near Los Angeles California ?
Probate is the process of reassigning the house and property to the beneficiaries after the person perishes. When a person passes away they leave their family and their property behind. Sometimes the last will or the Testate is left behind by thedeceased and in some cases it isn’t. Whatever the situation, the property is reassigned to the heirs with the court of law, and this substantial detailed process is known as probate. Sometimes a question arises, “can your house be sold while in probate in Los Angeles California ?“, and the answer is that it can be sold if these simple steps are followed properly. As real estate investors in Los Angeles California , Glymph Properties advises sellers to go through the following steps and also suggests other investors check these processes when they are interested in buying property on the probate period in Los Angeles . As a side note… if you have just inherited property, Glymph Properties can help you through the steps needed to sell it.
Can your house be sold while in probate in Los Angeles , California ? Yes, but make sure to follow these steps 1st!
With the help of the independent certified appraiser an inherited property can be appraised. You can easily locate the appraiser in the local phone book, on online search engines like ask jeeves, or by asking a local realtor for recommendation. So as real estate investors, we’re interested in buying property on probate in Los Angeles California that has already undergone a property appraisal. We will make the best offer we can based on your situation and our current property needs in your area.
Obtain the Petition
When you are in the process of selling the property during the probate period you have to seek for probation from the court. So complete the petition form and provide all the details related to the sale of the property in Los Angeles along with mentioning the methods of sale. Then with the help of the independent appraisal, fill the form and wait for court approval so you can sell your property… An investor only buys the house that has already obtained the petition, and we do verify that the seller has gone through the process of obtaining a petition.
Place your Property for Sale
The very next step is listing your property on sale. Be sure to let the buyer about the matter that the property will be sold only after confirmation from the court as it is on probate. Real investors will only buy the property after you seek a court petition. If your property matches these conditions then we might be able to take it off your hands.
Fill out the form to see if your Los Angeles property qualifies for a quick all cash offer.
Seek the Court for Confirmation
As a seller you have to seek the court for confirmation to confirm the sale of your property or home in Los Angeles . You have to wait depending on the speed of the state court… Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make the arrangements nor to take 10 per-cent off the sales price to incentivize a buyer before the date of hearing from the court. As investors ourselves we usually always make sure that the seller seeks the court for the confirmation asap.
Advertise in Local Newspapers
Let everyone know about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during probate period. It also allows open bidding for the other interested people so that the property gets the best price. So if you are hoping to buy property on probate period in Los Angeles , you can bid in the court hearings. We come across a lot of good houses on probate through the local newspapers.
Show up at the Hearing
Be present at the hearing of the court. This is where bids are offered and buyers and real estate investors come for bidding. After the final bid is accepted the cashier’s check is given to court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court… We tend to always pay some money as deposit of the original price to the court after the contract has been confirmed.
So after this you can complete the contract with the buyer after the above written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Los Angeles , then we can help.
Fill out this form or give us a call at 888-509-6267 Ext 4 for a Fair Cash Offer
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