Buying and selling of real estate is big business in any economy in the world. As a population increases, more houses are needed for people to live in and offices for people to work in. Despite this fact of life, real estate transactions can still be very risky propositions! Especially when it comes to probate property, if the prospective buyer doesn’t understand the probate process for a house in Utica, NY.
So what the heck is probate anyway?
A probate is a legal way of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how his or her property was to be administered after they are dead. These proceedings take place in probate courts. Sometimes they can end up being the best real estate deals that any buyer or seller might get in Utica…
How to begin the probate process for a house in Utica
The process of probate starts when a homeowner dies without a will in place. Since there is no will, the county, or state in some cases, must step in and sell the property. The County will complete this by appointing a family member generally as the executor. The executor’s is now legally mandated to conduct the sale of that home, should the decedent have any outstanding debt at the time of death.
Most people only buy or sell 1-2 houses in their entire lifetime. How prepared do you think most people are to handle this? Well, they generally are not. This can be avoided by choosing the right partner in Utica and that would be us, Fast Cash Home Buyers. Click the link here, fill out the form and we’ll help you get started now.
Okay, my property is on the market, now what?
Now, after the property is advertised on the market then it is up to the seller to wait for the buyers to make offers on the property. Once this process is completed, the final decision is made by the probate court on who should buy the property based on an auction if there was more than one interested buyer…. In this case, we would suggest you choose Fast Cash Home Buyers to purchase your property because as you can see from our website we have not only given the best deals on probate property in NY but also on short sales!
Want to sell your house in Utica fast (and securely)?
We have been in this industry for years and our reputation speaks for itself. If you are interested in choosing us as your partner in Utica, you are always free to contact us through our website form, our social media pages, as well as giving us a call at (315) 351-2772. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time. In addition, you can leave a text message and we shall respond, as soon one of our real estate agents is free.
We are always here to help walk you through the probate process for a house in Utica, we look forward to speaking with you. 🙂
Call us today at (315) 351-2772 to get a cash offer on your inherited house today!