Probate is the process by which the property of a deceased person is distributed in accordance with the laws of intestacy or a will that was left behind. If you’re the executor in this case, you must settle all claims against the estate and distribute any property left behind by the deceased.
Probate can seem overwhelming and confusing, especially if you aren’t prepared to keep the house and just want to sell the house fast in Birmingham. Here are 5 things you need to know about the probate process. With this knowledge, you’ll know what to expect and how to make the process go as smoothly as possible.
1. Probate Can Take Awhile
Depending on the size and complexity of the estate, it could take months, or even years, to settle an estate. Probate can become extremely time-consuming because of legal waiting periods and disagreements among family members. If you reach an agreement ahead of time, the process will be much easier when it comes time to get things done.
2. The Executor Has A Lot Of Work To Do
If you’re the executor of the estate, get ready for some busy days. You will have to account for all the debts and outstanding taxes that are against the property. You’ll also have to find out who the legal heirs to the property are and get them together to ensure a smoother process. All of this can be very time-consuming and stressful, but it’s important to get everything in order before moving forward with the probate process.
3. It Costs Money To Maintain The Property
Even though the property is in probate, you’re still responsible for maintaining it. This includes paying taxes and utility bills. If there are any outstanding debts on the property, you will also be responsible for settling those. The costs associated with maintaining the property can add up quickly, so make sure you have a plan in place to cover these expenses.
4. Hiring A Probate Attorney Can Be Very Good
Many people try to go through the probate process without hiring a probate attorney. However, this is not recommended. A probate attorney can help you navigate the legal process and make sure that everything is done correctly. They can also help you avoid making mistakes that could cost you time and money.
5. A Cash Home Sale Can Save You Time & Money
You can avoid the MLS and avoid having to deal with repairs, showings, cleaning, commissions, closing costs, and waiting—just sell your home for cash! Cash home buyers in Birmingham can purchase your home quickly and easily. You’ll save time, money, and effort by working with a company like LVL Home Solutions. You’ll be amazed at how a challenging process can be made much simpler.
If you’re feeling overwhelmed by the probate process, you’re not alone. Many people find the process to be confusing and time-consuming. The good news is that you don’t have to go through it when you choose to sell it for cash to us.
We buy houses in Birmingham! We can close in as little as 30 days too. Call us today to learn more about how you can sell a house fast in Birmingham!