Inheriting a Home in Southern California?
If You’re Selling, We’re Buying
Selling Your Inherited Home in Southern California
What To Expect
1. Understanding Where You Are In Probate
You can only sell a home that’s in probate if it is expressed in your relative’s will that you are now the sole owner of the home. Once we understand where you are in probate, and if the home is solely yours, we can begin working with you.
All you need to do first is enter your information above or below, and if you’d like to speak with us sooner, call us at (657) 206-0121.
2. The Cash Offer For Your Inherited Home
Once we have talked about your situation and we have seen the condition of your inherited home, give us anywhere from 24 to 48 hours to craft an offer.
3. Money For Your Inherited Home in Southern California
If you like the offer we have made on your recently inherited home, then we can begin with the process of buying it. 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
1. Inspection to Documentation
We’ll do an inspection, and 24 to 48 hours after, you’ll receive an offer. If you accept the offer, we will then send over a seller’s document. If you have any questions or need help filling it out, call or text us.
2. Moving to Escrow
Once all of your seller documents have been signed and returned, you will then receive a call from our escrow company. They may or may not have additional paperwork for you to sign, but it is all fairly easy to do and return.
3. Count Your Cash
After all the paperwork has been finalized and returned, you have officially sold your inherited home! You’ll be getting your money via wire transfer or you can simply pick up a check.
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 Southern California 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.