How to Sell a House You Inherited in Philadelphia – the reality behind probate

Selling an inherited home in Philadelphia is not as easy as people think! Read on to learn how to sell a house you inherited in Philadelphia, Pa

First of all, there is always that emotional bit of preparing a loved one’s house ready for sale – which most likely includes depersonalizing his or her rooms and also clearing out all the belongings… Then there is the cost of marketing the house in order to attract potential buyers. Most of these sellers eventually sell there home fast to a Cash home Buyer. Usually most Investors handle the Clean out of a home for you.

Usually heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise. These disagreements among family members are very typical so don’t think your alone in this. Heirs are usually overwhelmed with certain decisions which can take a toll on them. We understand.

Therefore we at TriState Properties are trusted Cash Home buyers who buy homes As-Is for Cash and have compiled a few points that should help steer you in the right direction, if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Philadelphia, without having to sweat much.

Making the probate process go smoothly

Get some advice

The first step you should take is to get some professional advice. You must understand the status your house is in. Some are better at these things than others. Make sure that you verify your ownership. You can not sell a home you do not “Legally” have ownership of. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too of course. We can also give you a fair deal for your inherited local Philadelphia house if it qualifies. Fill out the form here to get started.

Next Step: Begin the probate process in Philadelphia

Before you embark on the selling process, your house must go through a probate. Most counties allow for a summary probate – which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Philadelphia, you can then put it on the market or decide to sell your home Fast for Cash to an Investor or a Cash Homebuyer.

Tax consideration

The tax basis of your property is the house value on the date that the person who willed you died. It’s may sound complicated but it’s really simple. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.

How to sell a house you inherited in Philadelphia

Agreeing to sell

If you are ready to sell your house in Philadelphia, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from the there. Problems always arise when siblings who share the inheritance have different views – for instance others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage. Depending on the condition of the Property they may suggest selling to a Cash HomeBuyer.

Preparing to sell

A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. This is very normal and is typical in most cases. You will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Philadelphia “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.

Here at TriState Properties however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in Philadelphia, repair and fix them up and either rent them out or sell them to someone else looking for a great deal. We are trusted Cash HomeBuyers in Philadelphia and the surrounding areas.

If your local Philadelphia house meets a few simple qualifications, we can buy your house fast and give you a smooth and simple process. Inherited homes can be burdensome and may weigh us down at times. The good thing is that TriState Properties is here to help.

You can fill out the form or pick up the phone and give us a ring anytime at 267-703-9956

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