Can a house be sold while in probate in Rochester NY?

Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away they leave their loved ones and their property behind. Sometimes the last will or the Testate is left behind by the person and in some cases it is not.

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.

Sometimes a question arises, “can a house be sold while in probate in Rochester NY?“, and the answer is that it can be sold if simple steps are followed. As real estate investors in Rochester NY, Brett Buys Roc Houses LLC advises sellers to go through the following steps and also suggests other investors check the procedures when they go for buying property on probate period in Rochester.

As real estate investors in Rochester NY, Brett Buys Roc Houses LLC advises sellers to go through the following steps and also suggests other investors check the procedures when buying property in probate in Rochester.

Can a house be sold while in probate in Rochester, NY? Yes, but make sure to follow these steps first!

Property Appraisal

Appraisal is a process that is done to find out the value of a property. It can be done in the case of loans when they are taken from banks or in the purchase of a property that will be used for resale.

In the case of a bank loan, an appraisal report is made by a certified appraiser who specializes in real estate and has knowledge about real estate markets. The appraisal certification includes important data such as date, amount, location and price at which it was valued by the independent certified appraiser. In some cases, it also includes pictures with proper annotation.

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 Rochester 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 Rochester property qualifies for a quick all cash offer.

Seek the Court for Confirmation

As a buyer, you have to seek the court for confirmation to confirm the sale of your property in Rochester. 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. As investors ourselves we tend to ensure the fact that the seller seeks the court for the confirmation soon.

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 Rochester, 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 Rochester, then we can help.

Fill out this form or give us a call at 585-299-9709 for a Fair Cash Offer

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