Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away, they leave their loved ones and their property behind. Sometimes, the last will or the Testate is left behind by the person and in some cases, it is not.
Whatever is the situation, the property is reassigned to the heirs with the court of law, and this extensive thorough process is known as probate.
Sometimes a question arises, “can a house be sold while in probate in San Bernardino CA?”, and the answer is that it can be sold if simple steps are followed.
As professional homebuyers in San Bernardino CA, Homesmith Group advises sellers to go through the following steps and also suggests other investors check the procedures when buying a property in probate.
Can A House Be Sold While In Probate In San Bernardino California?
Yes, but make sure to follow these steps first!
Property Appraisal
With the help of an independent certified appraiser, a property can be appraised. You can very easily look for an appraiser in the local phone book or by contacting a real estate agent for their recommendations.
So, as real estate investors, we look for buying property on probate in San Bernardino CA that has already sought property appraisal.
Obtain The Petition
When you are in the process of selling the property during the probate period, you have to seek probation from the court. So fill out the petition form and provide all the details related to the sale of the property in San Bernardino CA, along with mentioning the methods of sale.
Then, with the help of the independent appraisal, fill out the form and wait for approval from the court.
An investor only buys the property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of obtaining the petition.
California Probate Attorney Summary For Selling House
Place Your Property For Sale
The next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court, as it is on probate. All real investors only buy the property that is on sale after seeking a court petition. If your property in Southern California matches these conditions, then we might be able to take it off your hands.
We are San Bernardino CA home buyers and you can fill out the form here to see if your Southern California property qualifies for a quick all-cash offer.
Seek The Court For Confirmation
As a buyer, you have to seek the court for confirmation to confirm the sale of your property in San Bernardino CA. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangements and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves we tend to ensure the fact that the seller seeks the court for confirmation soon.
Advertise In Local Newspapers
Inform about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during the probate period. It also allows open bidding for the other interested people so that the property gets the best price. So if you are seeking to buy property on probate period in San Bernardino CA, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers.
Attend The Hearing
Attend the hearing of the court. This is the place where bids are done and buyers and real estate investors come for bidding. After the final agreement is done, the cashier’s check is given to the court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court. We tend to always pay some money as a deposit of the original price to the court after the contract has been confirmed.
“What’s The Next Thing I Need To Do In Order To Sell My House In San Bernardino CA?”
After the above-written steps, you can complete the contract with the buyer. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re want to sell your house in Southern California fast and you’re looking for a REAL investor to purchase your property, then we can help. We buy houses in San Bernardino California and surrounding areas, and you don’t have anything to lose by seeing what we’ll offer on your property.