When a family member dies, the funeral is just the start of a complicated process that survivors will have to endure. If the person left behind a house, the family members might have to figure out what to do with it. The probate process for getting the house from a deceased family member can be complicated. And depending on the situation, the new owner may be in a hurry to get rid of the excess property. Here’s how you can quickly sell a house that you received through probate by using Jax Cash Offer.
Most people think that inheriting property is always beneficial to the recipient. Who wouldn’t want some free property? However, the situation is more complicated than people realize until they’re faced with the prospect of dealing with unwanted inherited property. Many people decide to sell the property to avoid the hassles that come with inheriting a house.
The first problem may just be taking possession of the home. Depending on the situation, the house may have to go to probate court before someone else can become the new owner. This process can take weeks to get started and could potentially take years to finish. Even if there’s a will that spells out what’s to happen to all of the property, it takes time to handle the legal process.
However, gaining ownership of the inherited home isn’t the end of the problem. The new owner needs to decide if they intend to keep the house and live in it. Death does not release a mortgage. Whoever inherits the property will assume the monthly payments. So if you don’t intend to live in the home, you will need to rent out the property to keep up with mortgage payments and to pay for the upkeep of the house. For people who live out of town or in another state, it’s easier to sell the home rather than deal with these issues from afar. At Jax Cash Offer, we will quickly buy a house that someone received from an inheritance that they don’t wish to keep.
It’s possible to sell a house while it’s in probate depending on the situation. Once you’ve become the executor of the estate, you can initiate a probate sale. At Jax Cash Offer, we have been in buying houses in Jacksonville, FL, for more than 20 years. We can handle any kind of real estate transaction, and that includes probate sales. We can ensure you get a fair price for a fast home sale. It makes sense to sell the house as fast as possible since the beneficiaries could be responsible for capital gains tax if the home in probate goes up in value.
And trying to sell an inherited home on the regular housing market could be a long and complicated process. It’s unlikely that your relative was engaged in substantial repairs and renovations to the house before they passed away. This means the person who inherited the property will need to put in a lot of TLC (and money) into improving the house before it can get a reasonable price in the market. By selling your home to Jax Cash Offer, you can skip all of that headache and get a good price for the house in its “As Is” condition.
If you’re curious about quickly selling some unwanted inherited property, contact Jax Cash Offer. You can get a no-obligation offer on the house within a couple of days. You can use the form on our site to send us your information, and we’ll contact you with 24 hours.