Inherited Home in Southern California in bad condition?
If You're Selling, We're Buying
Begin to Sell Your Inherited Home In Malibu
1. Your Current Probate
If you are expressly the sole owner of the property, you can sell your inherited home. All we need to know is where you are in the probate process, and if you are the sole owner. Once we find out that it’s you – we can start working immediately. All we need is some contact information for us to talk to you. Fill out the forms to the top and bottom of this page, and if you want to speak to us on your own time – call us at (657) 206-0121.
2. Crafting A Cash Offer for Your Inherited Property
3. Selling Your Inherited Home For Cash In Malibu
We’ll do a walkthrough, then compile an offer. If you love it, we’ll begin the process of buying your inherited home! Get some extra cash, and you’ll no longer have to worry about another home.
Process of Buying Your Inherited Home in Malibu
1. Walkthrough to Pay Out
We begin with a simple walkthrough of the inherited home, and within 48 hours, you'll receive a call about the offer we created for your home. If you like what you see and accept the offer, we can then forward you some seller's documents to fill out. Have any questions about how to fill the document out? Call us and we can come over to show you.
2. Escrow time!
When your documents have been finally signed and returned, you will then get a call from an escrow company regarding your money. Our escrow company may have additional documents for you to sign, but after that, it's all over.
3. Count Those Numbers!
After all the paperwork has been finalized and returned, you have officially sold your inherited home! 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 Malibu 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.