If you have inherited a house from a loved one, you may have to go through a process called probate. But many people explore their options and wonder if they can sell a house during probate in Savannah.
What does probate mean?
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 they will leave the last will or the Testate is left behind, and in some cases, there is no last will or Testate left.
Regardless of the situation, the property is reassigned to the heirs by the Chatham County Probate Court, and this extensive thorough process is known as probate.
Can a house be sold while in probate in Savannah GA?
Sometimes a question arises, “can a house be sold while in probate in Savannah Georgia?“, and the answer is yes, it can be sold if simple steps are followed.
As real estate investors in Savannah Georgia, Cash Homes Savannah advise sellers to go through the following steps and also suggests other investors check the procedures when they look into buying a property during the probate period in Savannah.
6 Steps to take to sell a house while in probate
1- Property Appraisal
First, you need to have the property appraised by a local property appraiser. You can very easily look for an appraiser by doing a search online or by contacting a real estate agent for their recommendations.
2- 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. Fill out the petition form and provide all the details related to the sale of the property in Savannah along with mentioning the methods of sale.
You will need to use the appraisal results to help complete the form and wait for approval from the court.
3- Place your Property for Sale
The next step is to officially place your property for sale. Be sure to inform the buyer that the property will be sold only after confirmation from the probate court. All real investors only buy the property that is on sale after seeking a court petition. If your property matches these conditions then we might be able to take it off your hands.
4- Seek the Court for Confirmation
A potential buyer will have to seek the court for confirmation to confirm the sale of your property in Savannah. Generally, hearings take place within a period of 20 to 40 days after requesting it.
5- Advertise in Savannah Newspapers
You will need to advertise in Savannah newspaper about the sale so that the public is informed about the house sale during the probate period. It also allows open bidding for the other interested people so that the property gets the best price.
6- 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 deposit money of the previous buyer and take the deposit from the new buyer. It is commonplace to make 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 Savannah, then we can help.