The buying and selling of Real Estate is big business in any economy in the World. As our population increases, more houses are needed for people to live and more office space is required for people to work. Despite this fact of life, real estate transactions can be complex and often difficult to manage. When it comes to probate property, it is important to understand the probate process for a house in Pittsburgh, Pa.
What is a probate?
Probate is a legal process of administering property of a deceased person (decedent) if that deceased person never left a will; or, if the will had specific instructions on how the deceased owners property was to be administered after they have passed. These proceedings take place in probate courts.
How does the probate process for a house in Pittsburgh begin?
Basically, the probate process in Pennsylvania involves two steps: paying debts owed and transferring assets to beneficiaries.
A probate proceeding begins when the court appoints a representative or “executor” to handle the administration or sale of the estate. The executor is tasked with informing the court of the sale and an attorney will be appointed to handle the process. Once initiated, the attorney will often advertise the property for sale just like any other real estate properties. Sale price is based on the suggestion of an often an independent appraisal ordered by the court. If the seller is not familiarized with the property and local market conditions, it can be easy to feel being left short-changed after all is said and done. Pittsburgh Cash Home Buyers specializes in probate property and can assist assist with questions along the way. Click the link here, fill out the form, and we will assist your with the process now.
Okay, my property is on the market, now what?
After the property is advertised as being available, then the seller will wait for the buyer offers. Once all offers have been made, the probate court will determine if the property should be sold to the highest bidder or if the property should be sold at auction. If you have gotten to this point in the process already, we suggest you contact Pittsburgh Cash Home Buyers to purchase your property.
Want to sell your house in Pittsburgh fast (and securely)?
If you are interested in assistance with selling your probate property in Pittsburgh, please contact us through our website form, our social media pages or give us a call at (412) 330-1416. For immediate assistance, you can text us a message and someone from our staff will call you back promptly.
We are always here to help walk you through the probate process for a house in Pittsburgh, we look forward to speaking with you. 🙂
Call us today at (412) 330-1416 to get a cash offer on your inherited house today!