We buy houses in Newark, Ohio. We are homebuyers in Newark OH, and we offer cash for houses in Newark. Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away they leave their loved ones and their property behind. Sometimes, the last will or the Testate is left behind by the person and in some cases, it is not.
Whatever the situation, the property is reassigned to the heirs with the court of law, and this extensive, thorough process is known as probate.
Sometimes, a question arises: “Can a house be sold while in probate in Newark OH?” The answer is that it can be sold if simple steps are followed. As real estate investors in Newark OH, Homesmith advises sellers to go through the following steps and also suggests to other investors to check the procedures when they go for buying property on the probate process in Newark OH.
Can a House Be Sold While in Probate in Newark OH?
Yes, a property in probate in Newark OH can be sold, but make sure to follow these steps first!
Newark Property Appraisal
With the help of an independent certified appraiser, a property can be appraised. You can very easily look for an appraiser in the local phone book or by contacting a real estate agent for their recommendations.
So, as real estate investors, we look for buying property on probate in Newark OH that has already sought property appraisal.
Obtain the Petition from the Court in Ohio
When you are in the process of selling the property during the probate period, you have to seek probation from the court. Fill out the petition form and provide all the details related to the sale of the property in Newark OH, along with the methods of sale.
Then, with the help of the independent appraisal, fill out the form and wait for the approval from the court.
An investor only buys property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of obtaining the petition.
Place Your Property in OH for Sale
The next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court as it is on probate. All real estate investors only purchase the property that is on sale after seeking a court petition. If your property matches these conditions, we might be able to take it off your hands.
Seek the Court in Ohio for Confirmation
As a buyer, you have to seek the court’s confirmation of the sale of your property in Newark OH. Generally, hearings take place within a period of 20 to 40 days. Do not forget to make an arrangement and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves, we tend to ensure the fact that the seller seeks the court’s confirmation soon.
Advertise in Local Newspapers in Newark
Inform people about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during the probate period. It also allows open bidding for other interested people so that the property gets the best price. If you are seeking to buy property on the probate period in Newark OH, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers.
Attend the Hearing of the Court in OH
Attend the hearing of the court. This is the place where bids are done and buyers and real estate investors come for bidding. After the final agreement is done, the cashier’s check is given to court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court. We tend to always pay some money as a deposit of the original price to the court after the contract has been confirmed.
After this, you can complete the contract with the buyer after the above-written steps. Real estate investors look for property that follows all the procedures and abides by the rules of the court.
Sell My House in Newark OH
If you’re looking for a REAL investor to acquire your property in Newark OH, then we can help. If you think you need to sell your house in Ohio, call us. We are your local Newark OH home buyers and we can help you.