Wilding LPT Realty

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No matter where you are in life, we have tips that will make home-buying (and selling!) so much easier! Swipe through to get the info you need about buying a home–and learn what your fellow generation members are doing in real estate.

Whether you’re looking for a place to retire or are buying a home for the first time, we have the knowledge and experience to help you make the right choices for your future.

05/08/2022

If you’ve inherited a house, chances are that you’ll have to go through the probate process before you can sell it. Here are the basics of probate, which is the legal process you have to go through to legally inherit property and settle the estate.

1. Find a good probate attorney to guide you through the process. Your attorney will help you file a petition to start the probate process.

2. Notify all beneficiaries that you have petitioned for the probate process to begin.

3. Take an inventory of the estate and get all of the important documents together–like the will and stocks or bonds.

4. Then you’ll pay legitimate debts left by the deceased, like personal loans and credit card bills, using their estate.

5. Once all the debts are paid, you can petition the court to transfer the estate to the beneficiaries.

Once the probate process is concluded, you’ll have legal ownership of the house and can officially start the selling process.

You can start working with a real estate agent earlier to get an idea of the home’s value, but you can’t actually sell anything until the probate process is complete.

I recommend working with a real estate agent who has experience with inherited properties as they can guide you through the probate and real estate process and offer advice for your specific situation.