Find out whether you can or can’t sell an inherited house before probate is finalized in Parkville.
Can you Sell an Inherited House Before Probate in Parkville, MO?
Many residents find themselves looking for information about how to sell an inherited house before probate. This is either because they have inherited a house through a will or have been named as executor in this document.
This is the situation that raises the need to find answers to several important questions. One of those important questions is “can you sell a house before probate is granted?“
Individuals who ended up with an inherited home often can’t or don’t want to keep it.
It could be their parent’s home where both parents are now deceased. One option is to put the house on the market but the question is, “can you sell an inherited house before probate?”
If a will exists chances are a family member who is close to the deceased is aware of this important document. It may be that a particular person is named as the executor in the will. The executor has the duty and obligation to see that the last wishes as outlined in the will are fully carried out. If property is involved in the estate in Parkville, such as a house, this most likely will have to go through a probate process.
Individuals who have inherited a house may not realize that it has to go through a probate process. They may attempt to put the house on the market for sale. If they use a Realtor near Parkville to attend to this, an experienced agent will know that the house must go through the “selling a house before probate” process. This is in order for a sale to be legal.
Parkville, MO probate laws are in place to ensure that the wishes of the will are carried out as intended. This is the main reason why selling a house before probate is not allowed in many states.
Luckily, in Parkville, MO, there are some controlled exceptions to these probate laws.
There is an alternative to go through the standard probate procedure. This is using a process called “Muniment of Title”. This is applicable when a will was left but there were no debts secured by real property. This alternative process is done by validating the will in Parkville county court. Once this court has approved the validation, property titles can be transferred to the beneficiaries.
There is also an alternative that should be looked at (Disclaimer: check with a local attorney to see if this is applicable to your city). This is for those who are looking at selling a house before probate. This is called Affidavit of Heirship. This can be utilized if the property in the estate only amounted to real property, i.e., a house or houses.
With this process the property titles are transferred to the heirs. It involves two individuals who have nothing to gain from the estate sign the affidavit. Once this is done this document must then be filed with the deed record department in the local county where the house is located.
Sell a house that is already going through probate in Parkville
It may have been discovered that selling a house before probate is not allowed in many states. It is important to really know the laws of the state in which the house resides.
In Texas for example, the answer to the question of whether you can sell a house going through probate is yes. There are specific steps that must be taken in order for the sale to be legitimate.
1. Getting a property appraisal in Parkville
The property has to be appraised by an independent certified appraiser. Often an experienced realtor in probate sales will be able to recommend one.
2. Getting the petition
For the probate petition it requires some information to be filled in. This applies to both selling a house before probate and selling one during probate. This includes all the details that pertain to the proposed sale. You may also have to outline the method in which the home will be sold. Once completed properly and submitted to the courts you then have to wait for court approval. A sale before this petition will not be considered valid.
This answers the question can you sell a house before probate is granted. It also shows that when it comes to MO like the other states there are specific rules that must be followed.
3. Putting the house on the market in Parkville
Potential buyers must be told that a sale can only be finalized after court confirmation.
4. Court Confirmation
Buyers will have to obtain confirmation of the sale from the court handling the probate case.
5. Parkville Newspaper advertisement
The public must be informed about the sale that has taken place during the probate period. This is done by running an ad about this in the local newspaper.
Sell Your Inherited House to a Cash Home Buying Company serving the Parkville area.
Another option is to sell an inherited house to a cash house buying company. You won’t have to worry about any repairs, you save thousands on agent commission costs and you can receive a no-obligation cash offer in just 24 hours.
East West Properties gives you a cash offer within one day and you can close whenever works best for you. You can have your house sold in a week!