Do You Need To Sell A House in Probate?
We understand that dealing with probate can mean long drawn out proceedings, especially after dealing with the loss of a loved one who didn’t have a will or investments protecting against the process altogether. Many times, houses in probate are in poor shape, often because the late homeowner was unable to maintain it properly. Whatever is the situation, the property is reassigned to the heirs with the court of law, and this extensive thorough process is known as probate.
What is Probate?
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.
Certain aspects of this real estate law are common among all jurisdictions, for a valid sale, you’ll want to ensure you are authorized to do and have rigorously followed all of the legalities for selling your probate property in Maryland.
How to begin the probate process for a house in Maryland?
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. This is ideal for those who want to avoid court costs while retaining more control of the process. For those who want to save even more money, quickly selling your inherited property to a professional buyer who is familiar with the probate process may be the best way to go.
Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Maryland and that would be us, Baltimore Property Partners. When you work with Baltimore Property Partners, you won’t have any of the expenses you will likely incur when working with a Maryland real estate agent. Our goal is to make your selling experience fast and simple so you can focus on your family and loved ones.