Inheriting a Home in Southern California?
If You're Selling, We're Buying
Begin Selling Your Inherited Property in Lake Forest
What To Expect
1. Your State in Probate
If the will says that you are the one and only owner of the home, you can start selling to us. We just need to learn about where you are in the probate process, and if you own the home outright per the will – we’ll plan a walkthrough. Once you’ve entered your contact information in the forms above or below you, you’ll be getting a call from us within 24 hours. If you’d want to speak to someone earlier, call us at (657) 206-0121.
2. Our Offer On Your Inherited Home
3. Cash For Your Inherited Home in Lake Forest
Love our offer? We can begin working on the paperwork to purchase your inherited home immediately. You’ll be able to get some additional money, and you won’t have to deal with maintaining the inherited home anymore.
How We Purchase Your Inherited Home in Lake Forest
1. Inspection to Documentation
We'll do an inspection, and 24 to 48 hours after, you'll receive an offer. If you like the offer pricing and accept, we will then send over a seller's document to be filled and signed. Have any questions about how to fill the document out? Call us and we can come over to show you.
2. From Paperwork to Escrow
When your documents have been finally signed and returned, you will then get a call from an escrow company regarding your money. They might have some extra paperwork, but it is pretty easy to fill out.
3. Your Cash In Hand
Now is the time to count your money, when all the documents are signed/returned - your inherited house is now sold! You get to choose between getting the money via check or wire transfer.
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 Lake Forest 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.