If you are thinking about selling your home by probate, there are some things you need to know in order to make the process go as smoothly as possible. Probate is a legal process that allows you to sell your home without having to go through the hassle of public auction or marketing. Here are few tips for selling a home by probate:
1) Get prepped. Probate can be an overwhelming process, and if you haven't had any contact with the estate attorney or title company yet, now is the time to start working on your strategy. Make copies of all of the documentation related to your property, including deeds, tax records, and court filings. You'll also want to have copies of all offers that have been made and letters from the escrow company confirming that they have opened and are processing payments.
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2) Plan ahead for closing. It's important to have a realistic timeframe for closing so that you don't miss any deadlines imposed by the court. Set up a meeting with the escrow company at least two weeks before your scheduled closing date so that they can confirm everything is ready and correct any last-minute glitches.
3) Hire an estate agent. An estate agent will help you coordinate all of the necessary paperwork and deal with any potential problems along the way. They'll also be able to provide emotional support during this difficult time.
4) Communicate with the heirs. If there are any heirs who are interested in purchasing your home, be sure to contact them and let them know what's going on. Ideally, you should have a meeting with them in order to discuss their options and answer any questions.