We buy houses in Arkansas. Probate is a legal process in which the will of a deceased person is reviewed to determine whether it is authentic and administered by the court to the heir. There are cases where a deceased person left the property without a last will. As homebuyers in Arkansas, we have encountered heirs who want to sell the inherited house because it is a burden for them.
A house in probate can be sold if simple and legal steps are followed correctly. As real estate investors, 365 Property Buyers advises sellers as well as buyers to go through the series of steps below.
Steps to Sell an Arkansas House in Probate
Property Appraisal in Arkansas
You can easily look for an independent certified appraiser in the local phone book or through your real estate agent’s recommendation. An independent certified appraiser will help you get your property appraised.
Real estate investors like us are looking to buy homes in probate that has already sought property appraisal in Arkansas.
Secure the AR Court’s Petition
You have to seek probation from the court if you are in the process of selling your property during the probate period. With the help of an independent appraisal, start by filling up the petition form and providing all the details related to the sale of the house along with mentioning the sale methods. Once you have submitted the form, wait for the court’s approval before selling your property in Arkansas.
A real estate investor only purchases a property whose owner has already finished the procedure of obtaining the petition.
Identify the Arkansas Property As for Sale
Now that you have obtained the court’s approval, you can start placing your property on sale. However, the actual sale of the house in probate will only take place after the confirmation from the court.
All real estate investors only purchase the property that is on sale after its owner has sought a court confirmation.
Go After the Court in Arkansas for Confirmation
To confirm that your home is on sale, you have to seek the court’s confirmation. Depending on the pressure of the Arkansas state court, hearings generally take place within a period of 20 to 40 days.
As a seller, 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 real estate investors like 365 Property Buyers, we do warrant the fact that the seller obtains the court’s confirmation soon.
Publish in Local Arkansas Newspapers
Inform the buying public about the sale of the property by publishing it in local Arkansas newspapers. This will keep the public aware of the property sale during the probate period. For other interested parties, this will allow open bidding, which will help you get the best value of the house. You can bid in the court hearings if you are seeking to purchase property on the probate period.
We at 365 Property Buyers often come to know of great property on probate through the local newspapers.
Be Present at the Court Hearing in Arkansas
As a home seller, make sure to attend the court hearing where bids are done by home buyers and real estate investors. After the final settlement is done, the cashier’s check is given to the court. If there is a new buyer, you have to 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 value to the court after the contract has been settled.
Sell My House in Arkansas
If you have decided to sell your house in Arkansas while it is in probate, just follow the steps above. 365 Property Buyers purchases homes in probate. We are Arkansas home buyers and we offer cash for houses.