Not Sure What To Do With Your Inherited House?
The Dos and Don’ts of Probate
Probate is the legal process you go through after your loved one dies. It includes guardianship, name changes, and the settling and administering of your loved one’s estate. Typically, your loved one’s property will be undertaken by an executor who is named in the will. If your loved one didn’t leave a will, one of their next of kin, known as an administrator, will take care of the home. Neither the executor nor the administrator has to wait until the probate is completed to sell the property.
Don’t Let the House Idle
Coming to an agreement over inherited property is stressful and complicated. It’s even worse if there are multiple beneficiaries involved. So, don’t make the common mistake of letting the house just sit there while you try to reach an agreement. The house will still cost you money. Don’t forget about—
- Property Taxes
These add up over time.
Don’t Rush into a Rehab
Rehabbing a house is a huge undertaking that shouldn’t be taken lightly. It’s expensive and time-consuming. Make sure you’ve spent plenty of time adding up the cost of a rehab project. Don’t make the mistake making a large investment only to not recoup it that invest upon resale.
Do Let Us Help You
And finally, don’t go through the process alone. Let Sisters Who Buy Houses help you. We’ll buy your Louisville house quickly and exactly as it is. We’ll offer you a cash amount that will satisfy everyone involved.
If you are in Louisville or a nearby area, call us today at 502-273-0000.
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