Probate is the legal process through which a deceased person’s property is transferred to their beneficiaries. When a loved one passes away, they leave behind both cherished memories and real estate assets. The process of probate can sometimes be a bit complex, especially when it comes to selling a house during probate in Sacramento, CA. Laurel Buys Houses, your trusted real estate investors in Sacramento, is here to guide you through the steps to ensure a smooth transition.
Property Valuation
The first crucial step when dealing with a property in probate is to have it appraised by an independent certified appraiser. Finding a reliable appraiser can be as simple as checking the local phone book or reaching out to a trusted real estate agent for recommendations. As real estate investors, we always seek properties that have already undergone this essential appraisal process.
Petition for Sale
To sell a property during probate, you must request approval from the court. This involves filling out a petition form that outlines all the details concerning the sale, including the proposed methods of sale. Additionally, you’ll need to submit the independent appraisal along with the form and await approval from the court. As real estate investors, we only consider properties that have completed the petition process.
Listing the Property
Once you have court approval, you can list the property for sale. It’s vital to inform potential buyers that the sale is contingent on court confirmation due to the property being in probate. Reputable investors, like Laurel Buys Houses, are more likely to show interest in such properties, ensuring a smoother process.
Court Confirmation
As the seller, you’ll need to seek court confirmation for the property sale in Sacramento. Court hearings typically occur within 20 to 40 days. It’s essential to make necessary arrangements and collect 10% of the sale price from the buyer before the court hearing date. Our experience as investors emphasizes the importance of promptly seeking court confirmation.
Local Newspaper Advertising
To ensure transparency and to invite competitive bids, consider advertising the property sale in local newspapers. This not only informs the public about the sale during the probate period but also allows for open bidding from interested parties. If you’re looking to purchase a property during probate in Sacramento, keep an eye on the local newspapers for upcoming opportunities.
Attending the Court Hearing
The court hearing is where bids are made by potential buyers and real estate investors. Once the final agreement is reached, the cashier’s check is handed to the court after the bid is confirmed. In case a new buyer emerges, the money from the previous buyer is refunded, and the new buyer’s deposit is collected. We, as investors, always ensure that the deposit aligns with the original price and is presented to the court once the contract is confirmed.
Following these steps, you can complete the sale with the buyer and ensure a smooth transition of the property. As real investors, we seek properties that adhere to court procedures and regulations.
If you’re looking for a reliable investor to purchase your property in Sacramento, Laurel Buys Houses is here to assist you. Fill out the form or give us a call at (916) 476-2381 for a Fair Cash Offer.