Selling Directly To ProbateResource.com
Vs.
Listing With A Local Agent
Probate can be stressful, particularly during a time of mourning. It makes sense why the series of paperwork and meetings don’t have the best reputation. However, opting for probate comes with many advantages that alleviate some of the emotional burdens on the executor and heirs alike. But what if you’re grieving and don’t have the time or energy for this complicated process? ProbateResource.com can help. Not only can we help you navigate probate and inheritance, but we can make selling a house as straightforward and hassle-free as possible.
Dive into the details below to compare your selling options.
| Selling With A Local Agent | SOLD To  | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | Varies | 1 (Just Us) |
| Closing Date: | 30 to 60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Here at ProbateResource.com, we don’t use bank financing so you don’t have to worry about our ability to close a deal.
What Happens To A House In Probate?
Ushering a house through probate law may sound intimidating. After all, the deceased’s property is more than likely the costliest holding in the estate. It is because homes and similar holdings (such as land) are worth so much that States have laws in place governing how to handle them. Although executors will have to contend with title transfers and the possibility of putting the house up for sale, the responsibilities involved are fortunately straightforward.
The Two Paths: Inheritance or Intestate
The most common home ownership scenario executors face is an inheritance or, in the event no will was left behind, intestate. In the case of a will or similar document, the deceased’s legally recognized end-of-life instructions designate an heir who is to receive the keys to the property.
Intestate situations occur when no will exists, or if the end-of-life documents do not list an inheritor for the home. States have laws regarding the line of succession should you find yourself in an intestate situation; executors do not hold the authority to elect heirs in these scenarios.
What if the home stays with the Estate?
Sometimes, executors end up in situations where responsibility for the home falls to them. This usually happens when the heir relinquishes their inheritance, and the probate court does not put the property through intestate succession. In these instances, the executor takes control of handling any repairs, bills, and real estate processes preceding a sale.
Should the executor wind up in control of the property, there are three options available regarding how to unload it:
Hire A Real Estate Agent: A real estate agent can be a massive help to an executor already stretched in multiple directions. They’ll take on the responsibilities involved in listing the home and showing it to potential buyers, but you are on the hook for all repairs, upgrades, and bills while you wait for the right buyer to make an offer. And, after closing, a large chunk of money is taken from your final closing price to pay for the agent’s commission.
Repair & List It Yourself: More DIY-inclined executors may want to bypass working with a real estate agent entirely and take care of deciding which repairs and upgrades to make, contractors to hire, and listings to post themselves. Repairing the home and listing it yourself involves a lot more work for the executor. On average, homes FSBO also sit on the market longer.
Sell To A Trusted & Reliable Direct Home Buyer Like ProbateResource.com: Home buyers offer the fastest property sale options for harried executors. We purchase the home as-is, regardless of the condition. There is no need for you to worry about costly repairs, listings, or a long wait to find a buyer. When you work with ProbateResource.com, we make the selling process as straightforward and simple as possible!
Executors may also have to communicate with tenants residing on the property. There are a few different options for how to work with tenants during and after probate, but when you sell your property directly to us we will handle it for you.
We are here to help.
Fill out the short form below or give us a call at 770-670-7683 and let’s chat! When you inherit a property from a loved one, we believe you deserve time to grieve. That’s why we’re here to make the process as easy as possible.