Inherited Home in Southern California in bad condition?
If You're Selling, We're Buying
Selling Your Inherited Property In Calabasas
What To Expect
1. Your Place in Probate
You can only sell a home that’s in probate if it is expressed in your relative’s will that you are the sole owner of the home. Probate is a fairly lengthy process, and if your relative’s
will expressively state that you are the sole owner of the property – we can begin with our work. Please be sure to fill in the information needed in the forms above or below you. If you want a quicker response, call or text us at (657) 206-0121.
2. Crafting A Cash Offer for Your Inherited Property
3. Finally Selling Your Inherited House In Calabasas
All we need to know is if you love the offer or not. If you do, then we can get everything started for the purchase of your inherited property. You’ll be able to get some additional money, and you won’t have to deal with maintaining the inherited home anymore.
The Process of Buying Your Inherited Home in Calabasas
1. Inspection to Documentation
A simple walkthrough is all we need, and from there - you'll get an offer in 48 hours. If you like the offer presented to you, kindly accept and we'll send you over a seller's document. If you have any questions or need help filling it out, call or text us.
2. Forward to Escrow!
After all of your documents have been signed and returned to us, you will get a phone call from our escrow company. They might have some extra paperwork, but it is pretty easy to fill out.
3. Count Those Dollars
With all the paperwork finished and returned, your inherited home in Southern California is now sold! You'll receive your money via check or by wire transfer, the choice is yours.
See How Impressed These Southern Californians Were With Our Process!
“Thanks for taking this house off our hands!”
And we’ll happily buy your inherited Calabasas home as well. We’ve worked with many inheritors, and if they don’t want to spend the additional costs associated with selling their inherited home the traditional way - they work with us.
You don’t need to have any repairs or renovations done on your inherited home to sell it to us, all we need to do is have a simple walkthrough, and we can write you an offer in as little as 24 to 48 hours.
How Long Does Probate Take?
According to California law, as a personal representative, you must complete probate within one year from the date of appointment. However, if the personal representative files a federal estate tax on the property, you can have up to 18 months to complete probate.
If probate is still not completed by that time, the personal representative must file a status report to the court to explain what has happened, and how much time will be needed. If the personal representative has not reported to the court regarding probate, beneficiaries can then ask the court to order him/her to file an accounting or take other actions to close the probate.
Additionally, if there is a Will Contest (in which there is a claim with the court that all or part of the will is invalid) the process of probate can drag out and can take years to resolve.
Why Does Probate Take So Long?
The short answer is bureaucracy and the courts. It does take some time for a case to pass through the California court system and for it to be completed. Furthermore, assets aren’t actually distributed between the beneficiaries until the estate is closed, or when the court deems that the deceased person’s affairs are properly organized and handled.
Is Probate Necessary?
If the individual who died did not have any property to transfer, then probate will not be necessary. However, the deceased person’s survivors may decide to open a probate if there are debts owed or if there is a set deadline needed to file claims for creditors.
If the individual who died did have property to transfer, then the probate process allows for the distribution of the estate’s property to the decedent’s heirs in a fair manner, or according to the Will of the deceased.
Can A House Be Sold While In Probate?
Yes, it can! However, the proceeds from the sale will be dispersed to cover probate costs and estate debts. Afterward, the probate court splits any remaining profits among the beneficiaries.
However, if you are the sole owner of the property as stated via the Will of the Deceased, you can sell the home immediately, and use the income generated to pay off the estate debts and probate costs, and you can pocket the rest of the money.