How Do I Sell My Inherited House?
While inheriting a house might seem like a wonderful way for a loved one to pass something of value on to you, it can also be a burden. Houses take a lot of work to maintain, keep clean, and keep up-to-date. If you’re thinking about selling an inherited house, or if you are still exploring your options, here are 3 things you can do in Maryland to prepare your inherited house for the sale…
Get some advice
The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify your ownership. Whether you choose to keep the property or sell, you’ll want to verify within the probate process what you are allowed to do. By doing this, you’ll have a clearer understanding of all your options.
Before you embark on the selling process, your house must go through a probate. 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. The probate process begins after a person dies. Soon after this, the next of kin is expected to inform the court, which appoints an attorney to take care of the process. The house will need to be sold through the probate courts. However if a will is present, the executor will be able to petition the courts to sell the property on their own.
Make the decision to sell your inherited home
If you are ready to sell your house in Maryland, you as the executor can petition the court in order to get the “go ahead” sign and proceed with the sale. A few things to keep in mind when preparing to sell an inherited house:
- Is there a mortgage on the property?
- Does the property need repairs or cleaning?
- Is there more than one heir for this property?
Here at Baltimore Property Partners, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in Maryland, repair and fix them up and either rent them out or sell them to someone else looking for a great deal.
Sell Your Inherited House Hassle Free with Baltimore Property Partners
Baltimore Property Partners is great! They offered guidance and support throughout the process. Martina personally met with me, and was very welcoming in our interactions. She listened to my needs and responded accordingly. She was also very patient and thoroughly explained the process of everything to me. It is an amazing company and I look forward to being able to work with them again in the future. Very positive experience overall!
Selling a property in today’s market can be confusing. Connect with us and we’ll help guide you through your options.… don’t hesitate to contact us at (240) 245-7380) anytime!