Can a House be Sold While in Probate in Atlanta, GA? Here are the Steps to Follow
If you’ve recently lost a loved one, the last thing you want to deal with is probate. Unfortunately, it’s a process that must be followed to reassign the deceased person’s property to their beneficiaries. But what happens if you want to sell a property that’s in probate? Can a house be sold while in probate in Atlanta, GA? The answer is yes, but it requires following certain steps.
At Townsend Realty Group, we specialize in real estate investments in Atlanta, GA. We advise sellers to follow these steps when selling property in probate and encourage buyers to check the procedures as well.
Step 1: Property Appraisal
The first step is to have the property appraised by an independent certified appraiser. You can find an appraiser in the local phone book or by contacting a real estate agent for recommendations. As real estate investors, we look for property on probate in Atlanta, GA that has already undergone a property appraisal.
Step 2: Obtain the Petition
When selling a property during the probate period, you must seek probation from the court. Fill out the petition form and provide all the necessary details related to the sale of the property in Atlanta, including the methods of sale. With the help of the independent appraisal, fill out the form and wait for approval from the court. We only buy the property that has already completed the process of obtaining the petition.
Step 3: Place your Property for Sale
Once you have the court’s approval, you can place your property on sale. Be sure to inform the buyer 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 a court petition. If your property meets these conditions, we might be able to take it off your hands. Fill out the form to see if your Atlanta property qualifies for a quick all-cash offer.
Step 4: Seek the Court for Confirmation
As a buyer, you must seek the court for confirmation to confirm the sale of your property in Atlanta. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangements and take 10 percent of the price from the buyer before the date of the court hearing. We, as investors, ensure that the seller seeks court confirmation soon.
Step 5: Advertise in Local Newspapers
Inform about the sale and advertise it in local newspapers. This allows the public to know about the property sale during probate and allows open bidding for other interested people. If you’re looking to buy property on probate period in Atlanta, you can bid in the court hearings. We often learn about good property on probate through the local newspapers.
Step 6: Attend the Hearing
Attend the court hearing where bids are done and buyers and real estate investors come for bidding. After the final agreement is made, the cashier’s check is given to the 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 new buyer after confirmation from the court. We always pay some money as a deposit of the original price to the court after the contract has been confirmed.
After following these steps, you can complete the contract with the buyer. As real investors, we look for property that follows all the procedures and abides by the court’s rules.
If you’re looking for a REAL investor to buy your property in Atlanta, then we can help. We specialize in real estate investments in Atlanta,
Fill out this form or give us a call at 770-280-4560 for a Fair Cash Offer
FAQs
Q: What is probate?
A: Probate is the legal process of reassigning a deceased person’s property to their beneficiaries.
Q: What happens if someone dies without leaving a will?
A: If someone dies without leaving a will, their property will still go through the probate process. However, the court will have to determine who the rightful heirs are.
Q: Can a house be sold while in probate?
A: Yes, a house can be sold while in probate, but certain steps must be followed. It’s important to seek probation from the court, obtain a property appraisal, and place the property for sale with a notice that it is on probate.
Q: What is a property appraisal?
A: A property appraisal is an assessment of the value of a property. It’s important to obtain a property appraisal when selling a property in probate to ensure that it is priced correctly.
Q: What is a petition?
A: A petition is a form that must be filled out and submitted to the court in order to seek probation and confirm the sale of a property in probate.
Q: How long does it take for a court hearing to confirm the sale of a property in probate?
A: Court hearings to confirm the sale of a property in probate typically take place within 20 to 40 days.
Q: Why is it important to advertise a property sale in local newspapers during probate?
A: Advertising a property sale in local newspapers during probate ensures that the public is informed about the sale and allows for open bidding by other interested parties, which can help to get the best price for the property.
Q: Why do real estate investors look for properties in probate?
A: Real estate investors may look for properties in probate because they can often be purchased at a lower price than properties on the open market. However, it’s important to ensure that all necessary steps have been taken to properly sell the property during probate.