Solutions for Selling a Loved One’s Home that is Going Through Probate
Every year, millions of people lose loved ones who leave valuable assets behind, such as a home or other type of property. Depending on how the assets are titled – and whether or not the decedent had a valid will – some or all of these valuables may have to go through the process of probate.
What is Probate?
Probate is the legal process that takes place when a deceased person’s will is reviewed in order to determine whether or not it is valid. This process also entails the administering of the individual’s will or transferring assets that were owned by someone who did not have a will at the time of their passing.
The “executor” or personal representative of the estate must collect the deceased individual’s assets and pay any debts that he or she owed. Once that is done, if there is anything left, the remaining assets will then be distributed to the named beneficiary(ies).
While liquid assets like stocks and bonds can easily be transferred, other items like physical property can pose some big challenges – particularly if the decedent’s family members do not reside in the local area.
How Fix & Sell Can Help with a Probate Home
But there are some possible solutions for selling the property – and possibly generating a nice payoff – even if you are unsure of the home’s value or the local real estate market. By working with Fix & Sell, the home can be updated, in turn, adding more value, while also standing out to potential purchasers. And this can result in faster and higher purchase offers.
Better yet, there are no added fees or out-of-pocket costs required. Rather, the renovation costs are settled directly at the closing table. If you have property in Orlando or the surrounding Central Florida area and you would like additional details, just contact Fix & Sell at (407) 986-6104, or visit our website at https://fix-sell.com/probate/.