An inheritance can come unexpectedly, sometimes making a difficult time even harder. Besides dealing with the loss of a loved one, you are suddenly immersed in administrative tasks and legal details that can quickly become overwhelming. This is all the more so if you are heir to a house you don’t want to keep. Perhaps the property is far from your home and will be a burden to take care of, or you may just prefer to receive money. Regardless of the reason, it is possible to sidestep the months of waiting for the court to officially put your name on the deed and sell the house before probate is granted. Let’s take a look at the details you need to consider and the primary steps to take to get the house sold.
Going through probate is often lengthy and confusing, full of legal procedures and unclear rules. And, when it’s over, you end up with a property that you may not know what to do with or even want. Perhaps the inherited house is far away from your own home, needs costly repairs, or has to be divided between multiple family members. Whatever the case, it seems the best solution is to sell as quickly as possible. But can you?
The good news is that if you are inheriting a house that you would prefer to sell rather than own, you often can. But selling a house before probate is granted is different than a usual real estate sale, so you’ll need to be smart about how you go about it. You may be able to find a qualified real estate agent to help you get it sold or perhaps even do a ‘For Sale by Owner’ deal. Either way, you’ll have to navigate certain rules, which might be challenging. Let’s take a look at your options—including one that you might not have considered before.