Inherited Home in Southern California in bad condition?
If You're Selling, We're Buying
Selling Your Inherited Home in Santa Barbara
1. Your Current Probate
If the will says that you are the one and only owner of the home, you can start selling to us. 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. Our Cash Offer for Your Inherited Home
3. Cash For Your Inherited Home in Santa Barbara
We’ll do a walkthrough, then compile an offer. If you love it, we’ll begin the process of buying your inherited home! You’ll be receiving additional income, while also taking care of a depreciable asset.
Process of Buying Your Inherited Home in Santa Barbara
1. Walkthrough to Pay Out
A simple walkthrough is all we need, and from there - you'll get an offer in 48 hours. 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. From Paperwork to Escrow
After all of your documents have been signed and returned to us, you will get a phone call from our escrow company. You may have some more paperwork to sign from the escrow company, but it's easy to read and fill out.
3. Count Your Cash
With all the paperwork signed and returned, your inherited property is now officially sold! You can choose between picking up a check or getting a wire transfer for your money.
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 Santa Barbara 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.
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.
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.
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.
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.