Probate deals with the reassigning of the property to the beneficiaries after the death of the owner. Once a person passes away, their property is left to their loved ones. A will is a common thing to leave with an attorney and often times one is left, but at others, where the passing of the person was premature or unexpected, the will or Testate isn’t created in the first place.
The rather extensive and thorough process where a property is left behind and assigned to heirs via a court of law is known as probate.
The situation often arises from the need to answer the following question: “Can a house be sold while in probatein Seattle Washington?“ Yes it can be sold if the proper process is followed. Our company of experienced Real estate investors in Seattle Washington, Sell a House Washington advocates here in the following steps how to take these steps correctly and also recommends other investors adhere to the correct procedures as they go for buying property on probate in Seattle.
As real estate investors in Seattle Washington, Sell a House Washington advises sellers to go through the following steps and also suggests other investors check the procedures when buying property in probate in Seattle.
Can a house be sold while in probate in Seattle, Washington? Check out these important first steps!
An independent certified appraiser a property can appraised. One can easily be found in the phone book or by calling an Real estate agent or brokerage to ask for their recommendations – they tend to only work with legit appraisers especially when dealing with selling your inherited house in Seattle quickly.
A good Real estate investor – such as your truly – looks forward to buying property on probate in Seattle Washington that has already been appraised.
Obtain the Petition
When you are in the process of selling the property during the probate period you have to seek probation from the court. So fill out the petition form and provide all the details related to the sale of the property in Seattle along with mentioning the methods of sale.
Then with the help of the independent appraisal, fill out the form and wait for the approval from the court.
An investor only buys the property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of obtaining the petition.
Place your Property for Sale
Next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court as it is on probate. All real investors only buy the property that is on sale after seeking court petition. If your property matches these conditions then we might be able to take it off your hands.
Fill out the form to see if your Seattle property qualifies for a quick all cash offer.Seek the Court for Confirmation
Typically as a buyer, you have to seek the Ex Parte & Probate Department in King County for confirmation to confirm the sale of your property in Seattle. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangement and take 10 percent of the price from the buyer before the date of hearing from the court. Often as investors we make sure that the seller seeks the court in the correct timeline.
Advertise in Local Newspapers
Inform about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during probate period. It also allows open bidding for the other interested people so that the property gets the best price. So if you are seeking to buy property on probate period in Seattle, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers.
Attend the Hearing
Attend the hearing of the court. This is the place where bids are done and buyers and real estate investors come for bidding. After the final agreement is done the cashier’s check is given to court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court… We tend to always pay some money as a deposit of the original price, to the court after the contract has been confirmed.
After this, you can complete the contract with the buyer after the above-written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Seattle, then we can help.