Pittsburgh Cash Home Buyers Blog

can an executor sell property before probate

Pre-Probate Property Sale: What Executors Need to Know

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According to Fred Simon Law, about 68% of Americans don’t have a will. This means that there’s often a lot of confusion as to what happens to their estate. One question that can arise is: Can an executor sell property before probate? Executors often wonder if they have the legal right to handle real estate … Continued
paying deceased bills before probate

How to Handle Deceased Bills Before Probate

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When a loved one dies, there are so many challenging aspects to take care of. Sometimes the last thing you want to deal with is unpaid bills. Yet sometimes it’s a crucial part of the process, especially when probate isn’t yet finalized. Today, we’re taking a closer look into paying deceased bills before probate, covering the … Continued
sell inherited property

How to Sell Inherited Property in Pittsburgh, PA: Key Rules and Advice

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According to a recent stat by Realtor.com, the average home listing in Pittsburgh, PA is around $260,000. So, there’s some money to be made from selling your house. But what happens when you inherit a property, but you’re unsure how to handle the sale? Choosing to sell inherited property can feel overwhelming without the right … Continued
what happens when two siblings own a property and one dies

How to Deal with Property Ownership After a Sibling’s Death in Pittsburgh, PA

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In Pittsburgh’s ever-changing neighborhoods, from Lawrenceville to Squirrel Hill, many long-time residents find themselves in a complex situation: jointly owning family properties with their siblings. These homes, often passed down from parents, have seen decades of Pittsburgh’s evolution – from steel town struggles to tech-driven revitalization. But what happens when tragedy strikes, and one sibling … Continued
who owns a house during probate

Understanding Home Ownership During Probate: Who Really Owns the House?

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When a loved one passes away, the question of “Who owns the house?” during probate can create confusion. While the property may be willed to an heir, legal ownership doesn’t transfer automatically. Probate is the court-supervised process that oversees the distribution of assets, including real estate. During this time, the house remains part of the … Continued
pa foreclosure timeline

Understanding the Pennsylvania Foreclosure Timeline: A Step-by-Step Guide

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According to ATTOM, in May 2024, Pennsylvania had some of the highest foreclosure repossessions (real estate-owned or REOs), with 238 REOs. The site further stated that Pittsburgh, PA, had 80 REOs, making it one of the large metropolitan areas (with a population of over one million) that saw the most REOs.   If you’re also a Pittsburgh, PA, homeowner whose home … Continued
probate without a will

Probate Without a Will: Quick Steps, Tips, and Solutions

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Did you know that nearly half of Americans die without a will? This can lead to complex legal challenges for their families. When a loved one passes away without a will, their estate enters probate, a process that can be confusing and overwhelming. Today, we’re taking a closer look into probate without a will, offering … Continued
house in probate

What You Need to Know When Valuing a Pittsburgh House in Probate

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Did you know that the median home price in Pittsburgh is around $240,000? But that doesn’t necessarily mean an inherited property is worth the same amount. Valuing a house in probate can be a daunting task. They’re often sold below market value due to incorrect appraisals and emotional decision-making. Are you looking to sell inherited … Continued
capital gains on inherited property

Understanding Capital Gains on Inherited Property in PA

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More than half of U.S. households are now making inheritance plans. If you’re among them and stand to inherit property in Pennsylvania, congratulations! However, receiving inherited property comes with understanding the tax implications. One key area to navigate is capital gains on inherited property. You need to be aware of the potential tax burden you may face … Continued
probate sale

Understanding Probate Sale: A Complete Guide for Sellers

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Selling a loved one’s home after they’ve passed can feel like navigating a labyrinth. The probate sale can be a minefield of confusion, stress, and delays, but it doesn’t have to be. If you’re dealing with a probate sale, you’re likely handling inherited property, and the process can be daunting. You might find yourself staring … Continued
how to report inheritance to the irs

How to Report Inheritance to the IRS: A Step-by-Step Guide

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Receiving an inheritance can feel like winning the lottery; suddenly, you have assets that weren’t in your bank account yesterday. But with great power comes great responsibility, and part of that responsibility is figuring out how to report inheritance to the IRS in 2024. This guide walks you through the process, ensuring you stay on … Continued
can an executor rent out a property before probate is granted

Can an Executor Rent Out a Property Before Probate Is Granted?

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Imagine receiving a call that you’ve just inherited a house. However, the legal processes aren’t complete. This scenario places many executors in a tight spot, raising the question: can an executor rent out a property before probate is granted? While dealing with the emotional weight of a loved one’s passing, executors must also navigate the … Continued
capital gains tax on inherited property

A Guide to Understanding the Capital Gains Tax on Inherited Property

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You inherited property recently, and are trying to figure out the tax ramifications. How long do you need to hold it before selling? What are capital gains tax on inherited property? Today we’re diving into the answers for these questions, and offering clear, actionable insights into demystifying this aspect of your inheritance! Basics of Inherited … Continued
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