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So you’ve suddenly inherited a property in Ohio and you have no idea what to do with it. Is your property in probate in Ohio? If you’ve gotten your Ohio home in probate, don’t worry, we’re here to help. Here at Offer Express, we’ll take you through the entire process of a probate sale and tell you exactly what you can do to deal with an inherited property in Ohio.
Houses in probate typically have an unfortunate background. If you’ve inherited a home in probate, it’s possible that your spouse, parent, or relative died without a will, and you’ve been chosen as the executor of the aforementioned state. Of course, the easiest possible recourse is to sell your probate home. But now you’re probably thinking, “how will I sell my house in probate in Ohio?.”
If this unfortunate incident has happened to you, don’t worry. We’ll help you navigate this confusing process so you’ll have more time to process your grief instead of attending to less important matters such as selling the property in probate. But what is a probate sale? And how exactly do you sell inherited property in Ohio?
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What is a Probate Sale?
When your relative, whether a parent, spouse, or other family member, dies without a will, it is known legally as dying intestate. The estate, or all the property left behind by the deceased, enters a legal process known as probate. The probate process is overseen by the court which strictly follows procedures established by each state. To complete the probate process, the personal representative will need to sell the property. The proceeds from the sale will be distributed to the heirs after all debts and taxes, if any, are paid.
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How Does a Probate Sale in Cincinnati, Ohio Work?
Probate law in Cincinnati, Ohio may vary from other states, but what usually happens is a court will appoint an administrator in the absence of a will. This individual is charged with settling the estate and guiding it through probate. Part of this process involves identifying legitimate creditors of the deceased. The executor will then be charged with selling estate property if it must be liquidated to pay these creditors. The court will typically order an appraisal to set a listing price. To help with the selling process, the administrator will typically hire a real estate agent to list, market, and sell the property.
There are also two kinds of probate sales, namely: auction and offer-based probate sales. An auction type of probate sale occurs on the property, although the sale would still be subject to court confirmation and can be overbid in court. On the other hand, an offer-based probate sale is more of your regular MLS-style listing. An interested buyer usually makes an offer. Once the offer is accepted, it is still subject to court confirmation and can be overbid in court.
If you’ve been appointed as your probate home’s administrator, you would have to go through a long and arduous process of handling inheritance disagreements, sorting through your deceased loved one’s personal finances, reviewing the property’s insurance policy (if any), sorting out taxes, dispensing other personal property of the deceased, preparing the house for sale, and setting the list price of the property before finally selling it.
If you’d rather do away with the long and arduous process of preparing your probate home for sale, you can simply decide to sell it to a direct home buyer like Offer Express.[/et_pb_text][et_pb_text _builder_version=”4.10.6″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]
Sell to a Professional Home Buyer!
If you’re looking for quick ways to dispose of or liquidate your inherited home, you should consider selling to a cash home buyer in Cincinnati, Ohio. Who has the time to sell your property the old-fashioned way when you’re busy wading through the difficult emotions after a loved one has passed? We understand the urgency, and we’re here to help.
Sell your house to professional home buyers like us here at Offer Express. We can provide you with the best price for your home while still ensuring a quick close so you can liquidate your inherited property ASAP. If you don’t want to worry about the hassle of listing your home and working with a real estate agent, just sell your home to us! We’ll take care of the rest.
Our home-buying process does not involve getting pre-qualified by a mortgage bank in order to obtain a home loan or listing the property on the MLS or any other listing platform. The reason our team at Offer Express is able to purchase properties very quickly is because we use our own money, which means the sale is more secure and we can close faster than traditional buyers. Get in touch with us here (614) 820-5777 and sell your home fast for cash today!