Inherited a property can be a welcome addition to your life. Unless you don’t want it. In some cases, inheriting real estate can be a hassle. If your old Auntie Beth passes away and leaves you a house, but you don’t want it, what do you do?
Reasons to Sell Inherited Real Estate
Some people might be thinking, ‘Who wouldn’t want to inherit a house?’ There are several reasons why inherited real estate might not feel like a blessing.
The Selling Process
If you have no desire to keep an inherited home for one reason or another, then you will need to sell it. As is the case with all inherited property, the house must go through the probate process. Probate is the legal process for transferring property from an estate to its beneficiaries, the parties that inherit certain property from the deceased.
Probate can be drawn out and overwhelming. If Auntie Beth has a valid will and if the property is worth more than $100,000, the probate court will probably abide by the will. First, the court has to be sure that all the home’s debts are paid off. The entire process could take months and months. In the end, you could spend thousands of dollars to own real estate that was willed to you.
Even if you decide to sell the property, it still has to be probated. Although the process varies slightly from state to state, here is an outline:
Sell an Inherited House that You Don’t Want with BCZ!
Have you inherited a house that you don’t want? BCZ Homes can help. We are the local Connecticut real estate experts who pay cash for unwanted houses like yours.
Regardless of the home’s condition, we buy Connecticut homes without you having to make repairs, updates, or improvements. No matter the type of home or the location, BCZ Homes can help you sell a house fast.
Visit BCZhomes.com or call 475-266-6999 to start the process. We want to buy your house!
Inheritance by Nick Youngson CC BY-SA 3.0 Alpha Stock Images