Need help with the Connecticut probate?
We provide the best and honest solutions for Connecticut inherited and probate property sellers who need to sell fast and can help with the process. Have a question? Contact us for FREE assistance.
“I Inherited a House and Want to Sell It”
Inheriting a house can feel overwhelming at times. It’s possible that the house you’ve inherited brings back unpleasant memories. Alternatively, you might adore the house but struggle to cover the remaining mortgage payments. Another scenario could be inheriting the house alongside siblings or other relatives, and needing to sell it to divide the proceeds.
Selling a home that you’ve inherited can be quite a complex process, involving various financial, legal, and market considerations. To simplify things for you, we’ve reached out to probate attorneys and share our insight as a highly successful real service company who has worked with inherited home sellers over the last 20 years.
Commonly asked questions: Can I sell an inherited house in Connecticut? Yes, you can sell your inherited house in Connecticut. Your property must undergo probate before you sell it.
Can you sell a house while in probate in Connecticut? No. You can sell your inherited property only after completion of the probate process.
PHB is one of Connecticut’s top full-service Real Estate companies in Connecticut, we focus on doing things right. We specialize in buying inherited and probate properties (multi-family, commercial, retail, single-family and bank REOs, from sellers who need to sell fast)… working with property sellers and home owners who can’t sell using traditional methods or need help with the probate process.
What Is a Probate?
A probate serves as a legal confirmation of a deceased individual’s will. It plays a crucial role in the fair distribution of the deceased person’s assets and belongings to their rightful heirs and beneficiaries.
During the probate process, it is necessary to provide the owner’s death certificate and evidence of ownership. Additionally, once the probate is completed, there are various expenses that need to be settled, including outstanding mortgages, property taxes, and other bills.
In the case of a mortgaged property being transferred to an inheritor, an ‘Alienation Clause’ is activated. This clause requires the inheritor to fully repay the mortgage amount.
In Connecticut, nearly all inherited properties are required to go through the probate process, which typically takes around 11 months. However, it’s important to note that the duration may vary depending on the specific state laws and the number of inheritors involved.
We help property sellers with inherited houses and Connecticut probate
Selling an inherited house can be both a practical and emotional decision. Before selling, evaluate the condition of the inherited house. Is it in good shape, or does it require repairs or renovations? Knowing this will help you determine its market value accurately. Ensure all legal matters pertaining to the inheritance are settled. This may involve going through probate court to transfer the property title into your name if it hasn’t already been done. In some jurisdictions, selling inherited property may have tax implications. Consult with a tax advisor to understand any potential tax liabilities. Decide whether you want to sell the house yourself, hire a real estate agent, or explore other selling options like auctions or selling to a real estate investor.
A big passion of ours is helping clients navigate the probate process and to be a part of improving the communities we work in by helping people get out of tough real estate situations, by buying their unwanted houses. Then we work with other industry professionals in the area to repair the house and get new homeowners into each property we work on, creating new housing opportunity’s for residents and improving neighborhoods.
We Buy Inherited Houses
Inheriting a property can evoke a mix of emotions and present various financial and logistical challenges. When faced with an inherited house, individuals often contemplate whether to keep or sell it. Dealing with real estate markets during this already challenging time can be daunting due to their volatile nature.
Understanding Inheritance:
Inheritance involves becoming the legal owner of a property after the previous owner’s death. This transfer can occur through a will, operation of law, or a trust.
Beneficiaries are not obligated to maintain ownership; they have the option to liquidate the asset if desired.
Seeking professional advice is recommended to navigate tax implications and legalities related to selling an inherited property.
Companies That Buy Inherited Houses:
These companies purchase inherited homes directly from beneficiaries.
They offer convenience and immediacy, bypassing traditional real estate sales channels.
Beneficiaries can quickly convert their newly acquired assets into cash without the stress of market fluctuations.
Benefits of Selling to These Companies:
Speed: Offers can be received quickly, sometimes within the same day.
As-Is: Companies buy houses in any condition, eliminating the need for costly repairs or renovations.
Legal Considerations:
Beneficiaries should understand their rights and options as new property owners.
Selling an inherited house directly to specialized companies can simplify the process.
Close the Sale:
Once you’ve accepted an offer, work with the buyer, your attorney, and any other relevant parties to finalize the sale. This involves completing paperwork, scheduling inspections, and ensuring a smooth closing process. Throughout this process, it’s essential to seek guidance from professionals like real estate companies and attorneys to ensure that you’re making informed decisions and maximizing value for yourself and the inherited property.
Sell your inherited house quickly
Selling an inherited home on the market can be a time-consuming and labor-intensive process. From staging and marketing to negotiating, it requires a significant amount of effort. Additionally, until the property is sold, heirs are responsible for monthly mortgage payments, property taxes, utility bills and other holding costs
However, if your main priority is to sell the house quickly, you might want to consider selling it to a cash home buyer instead. Although you may receive less money compared to selling on the market, the process is often faster, easier, and less stressful. This can be a great option if you’re feeling overwhelmed by the entire home sale process. Depending on what repairs or updates are required these companies can typically offer a higher cash amount then what you would except to receive listing on the MLS and paying real estate commissions.
With PHB’s, cash offer program you can receive a no-obligation, all-cash offer for your property, regardless of its condition. Within approximately 24 hours, you’ll receive an offer, and once accepted, you can close the deal in as little as 10 days. This means you can avoid the hassle of repairs, staging, showings, and open houses that typically come with selling a home on the market.
Great Fixer Upper Property Deals in Connecticut For Local Investors
We also come across many distressed single-family Connecticut properties because of our relationships and network in the market and secure those properties in as-is condition. Many people call these properties fixer-uppers or “handyman specials”. Because of our very effective marketing programs, we’re able to get investment property deals in Connecticut that most other investors never even hear about. We pass those savings along to our investor buyers on our VIP Property list.
If you’re interested in buying Connecticut investment properties at discounts before they are renovated below ARV (both single-family and multi-family)… whether you plan to buy and hold as a rental property or fix the property up and resell it… join our VIP Property Deals list today to get an email when we secure new properties that fit what you’re investment criteria.
Get Access To Our Property Alerts And Current Discount As-Is Property Deals.
Need To Sell Your CT House Fast? We Buy Houses In Connecticut See How…
We buy houses Connecticut for cash and have the ability to close quickly… as quickly as 7 to 10 days if you need us to. At PHB, we are a serious cash buyer that pays you a fair market value cash purchase price, requires no appraisals, no traditional lender-required repairs, and charge NO FEES. We are looking to buy all types of property in any condition in the Connecticut.
If you are looking to sell a Connecticut home quickly, we would like the opportunity to make a fair offer on your house. We can have an offer in your hands within 24 hours. Give us a try by clicking the link below.
Need To Sell Your House In Connecticut Fast? Get A Cash Offer →
Looking To Participate In The Connecticut Real Estate Market? See How We Can Help You Earn Solid Returns…
Being one of [market_states]’s premier real estate service companies and investment firms we run across a lot of great investment property deals in Connecticut. Our Early Alert Property Buyers list gets first access to Connecticut investment properties for sale before we renovate them for resale.
Also, we work with qualified local investors who want to leverage real estate to help you diversify your portfolio. From buying Connecticut rental properties from us to joint venturing on real estate projects to debt investors looking for a consistent return… we have options that you may be interested in.
If you’re interested in learning more about ways we can work together don’t hesitate to contact us today. Probate-homebuyer.com is focused on helping home sellers achieve there real estate goals.