Selling an inherited home in Southern CA is not as easy as most people would think! Read on to learn how to sell a house you inherited in the Inland Empire of CA…
First of all, there is always that emotional part of going through each room of the house and clearing out the home of personalized items as much as possible to help attract any potential buyers. This is where it can really get complicated. Usually heirs will want to be involved and disagreements may arise making the process even more difficult.
On top of clearing out the house other items will need to be address. Whoever has been elected as the executor of the estate is usually the one to handle the high costs of liens and other issues tied to the estate. Consequently, disagreements may arise.
Therefore we at Southwest Investors Group have compiled a few points that should help steer you in the right direction, if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Southern California, without having to sweat much.
Making the probate process go smoothly
Get some adviceSelling your Probate Property can be easy.
The first step you should take is to get some professional advice. You must understand the status your house is in and make sure that you verify your ownership, liens and taxes. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too of course. We can either give you a fair deal for your inherited local Southern California house if it qualifies…( Fill out the form here to get started), or we can also offer Cash Advance services to help with attorney fees/retainers, court cost, debt owed by the Decedent or the estate and many other reasons.
Next Step: Begin the probate process in Southern California
Before you embark on the selling process, your house must at least start the probate processes and get approval from the court. If you have been appointed the Personal Representative (Executor) of the estate the first thing you’ll need to do is to locate an attorney if you haven’t done this already. You can then file to have the property released from the probate and allow it to be sold.
Once your house passes the probate process in Southern California, you can then put it on the market, sell the property through us or use one of our trusted and Probate Certified Realtors to help sell the property.
The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
How to sell a house you inherited in Southern California
Agreeing to sellWe can buy your inherited property today.
If you are ready to sell your house in the Inland Empire of Southern California and surrounding areas, you as the executor can petition the court in order to get the “go ahead” sign and proceed with the sale from there.
Problems always arise when siblings who share the inheritance have different views – for instance others may want to sell the house while others may not agree with that idea. If and when this happens, it is very important to “disagree to agree”. It is also vital to involve your probate attorney at this stage to make sure it’s not a necessity in order to pay off the decedent’s debts.
Preparing to sell
A house that belonged to an elderly person may require repairs and/or a bit of updating before you put it on the market. It’s also advisable to get rid of everything especially anything that seems personal! For the repairs you can choose to hire an inspector to note down potential issues and recommend possible repairs that would help in the overall sell. Although you can sell a home in Southern California “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at Southwest Investors Group however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in the Inland Empire as well as the Orange county and Los Angeles county areas. We repair and fix them up and either rent them out or sell them to someone else looking for a great home to raise their family in.
If your inherited home does require quite a bit of repairs or maybe just a few and you wish to tackle them on your own but not sure where you will get the funds to handle the project, we also offer equity based loans specific to Probate Estates and Inherited Properties.
If you’ve inherited a home and going through or about to go through the probate processes and looking for some assistance with the real estate part of the estate, give us call or fill out the form below. We’ll be more than happy to help out anyway we can. Need to sell your inherited property? Great! Want a fast cash loan for the estate? Fantastic! Contact us TODAY!
You can fill out the form or pick up the phone and give us a ring anytime at 626-765-1039