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5 No Stress Tips for Preparing to Sell an Inherited Property in Stockton

By
Home Builder with Westbrook REI (We Buy Houses) CSLB 1047535

Thinking about selling your inherited house? In this blog post, you’ll read about the 5 no stress tips for preparing to sell an inherited property in Stockton so you can sell it easily, with no hassle.

Selling a house under any circumstances can be frustrating, time-consuming, and even expensive.

And if it’s an inherited house, it can be even more complicated! Multiple Heirs, Probate, the wishes of the decedent.

So if you want to sell your inherited property without all the hassle, here are 5 no stress tricks for preparing to sell an inherited property in Stockton…

No Stress Tip #1 Plan Ahead

Most people who sell a house just decide to sell without thinking through what is entailed.

  • Do you have a budget for the ongoing expenses
  • Do you have a budget for any repairs needed?
  • What if repairs take a long time?
  • What if the listing takes a long time?
  • What contingencies do you have if the real estate agent can’t find a buyer?
  • Are you authorized to sell

These issues are all stressful and unless you plan for them they will be ticking time bombs waiting to blow up the plan. If you plan ahead you can alleviate some of the stress rather than having have to decide these things as they come up during the process.

No Stress Tip #2 Be Informed

Do you know what the process is to sell? Do you know how long it will take? Do you know how much it will cost you? Is it even a good time to sell? Who is buying right now? Do some research ahead of time and ask these questions to get informed about selling.

The more information you have, the better.

No Stress Tip #3 Has the Estate Been Through Probate? Are you Authorized to Sell?

Just because there is a will does not mean that the property can be sold without going through Probate.

The Buying and selling of real estate under normal conditions can be complicated, but when the owner of a property passes away with the title still in their name, (with or without a will), a court needs to determine the line of “rightful succession”. This court known as the Probate Court and its job is to determine who the rightful heirs are and this process is called Probate.

The cost of Probate in Stockton is the same as throughout the entire state and it is based on the dollar value of the decedents estate as determined by the Court appointed Probate Appraiser. The actual attorneys fees are mandated by legislation that govern probate and they can be quite expensive.

For example, if an Probate estate in Sacramento has a value of $200,000.00 the attorneys fees would be 4% of the first $100,000 and 3.5% of the next $100,00.00. And if the estate has no liquid assets (cash) to pay those fees then the estate is sold to pay for those cost or one or more of the heirs pays for them.

Read More on How to Sell a House You Inherited in Stockton – the reality behind probate

No Stress Tip # 4 Get Consensus

Preparing to Sell an Inherited PropertyIf multiple heirs own the inherited property, you’ll want to gather your research and then talk to each heir to get a consensus.

Nothing is worse than starting the listing process and trying to sell your property only to be stopped in your tracks by an heir who wants to go in a different direction with the property.

 

No Stress Tip #5 Work With A House Buyer

Actually, you can skip a lot of the legwork and hassle by selling directly to a house buyer. A house buying company (like what we do here at Westbrook REI) is the simplest, fastest way to put cash in your pocket because they often buy houses fast, for cash, and in as-is condition… and are experts at dealing with any of the challenges with titles, liens, multiple heirs, etc.

So one call to a company like ours is the best no-stress tip!

Summary

These 5 no stress tricks for preparing to sell an inherited property in Stockton will help you plan and deal with that inherited property without the hassle and stress!

If  You Want to sell your inherited house with NO STRESS??? Click here now and fill out the form or call our office at (209) 481-7780.

Posted by

Peter Westbrook is a Real Estate Investor With Westbrook REI located in Stockton California. He specializes in buying distressed properties throughout Northern California and Tulsa Oklahoma.  Peter is not only an active real estate investor, he is the author of many real estate articles and also a sales and marketing trainer for new and seasoned real estate investors and agents. Peter can be reached at 209-481-7780.

Comments (3)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great advice....I am still waiting to hear from an estate attorney on this

Jan 16, 2018 06:47 AM
Peter Westbrook
Westbrook REI (We Buy Houses) - Stockton, CA
We Buy Houses As-Is, No Contingencies

The courts are notoriously slow... typically there are very few probate referees to deal with all of the cases. Some just need a push and attorneys that deal with a lot of probates in each county can usually push them through. Good luck

Jan 16, 2018 09:42 AM
Shahar Hillel
Encino, CA
Mortgage Consultant, Loan Officer.

Peter hello.

Great information in this post.

Good day.

Jan 24, 2018 11:36 AM