Buying and selling of real estate is big business in any economy in the world. As a population increases, more houses are needed for people to live in and offices for people to work in. Despite this fact of life, real estate transactions can still be very risky propositions! Especially when it comes to probate property, if the prospective buyer doesn’t understand the probate process for a house in Arkansas.
So what is a probate anyway?
A probate is a legal way of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how his or her property was to be administered after they are dead. These proceedings take place in probate courts. Sometimes they can end up being the best real estate deals that any buyer or seller might get in Arkansas…
How to begin the probate process for a house in Arkansas
The probate process begins after a person dies. Soon after this, the seller is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. The price is based on the agent’s suggestion and also from an independent appraisal ordered by the probate court. Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Arkansas.
Okay, my property is on the market, now what?
Now, after the property is advertised on the market then it is up to the seller to wait for the buyers to make offers on the property. Once this process is completed, the final decision is made by the probate court on who should buy the property based on an auction if there was more than one interested buyer…. In this case, we would suggest you choose 365 Property Buyers to purchase your property because as you can see from our website we have not only given the best deals on probate property in Arkansas but also on short sales!
Want to sell your house in Arkansas fast (and securely)?
We have been in this industry for years and our reputation speaks for itself. If you are interested in choosing us as your partner in Arkansas, you are always free to contact us through our website form, our social media pages, as well as giving us a call. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time. In addition, you can leave a text message and we shall respond, as soon one of our real estate agents is free.
We are always here to help walk you through the probate process for a house in Arkansas, we look forward to speaking with you. 🙂
Call us today at (501)369-0365 or through the form below to get a cash offer on your inherited house today!
Cities in Arkansas where We Buy Houses
|Alexander – We Buy Houses Alexander
|Austin – We Buy Houses Austin
|Beebe – We Buy Houses Beebe
|Bella Vista – We Buy Houses Bella Vista
|Benton – We Buy Houses Benton
|Bryant – We Buy Houses Bryant
|Cabot – We Buy Houses Cabot
|Conway – We Buy Houses Conway
|Fayetteville – We Buy Houses Fayetteville
|Fort Smtih – We Buy Houses Fort Smith
|Hot Springs – We Buy Houses Hot Springs
|Jacksonville – We Buy Houses Jacksonville
|Jonesboro – We Buy Houses Jonesboro
|Little Rock – We Buy Houses Little Rock
|Maumelle – We Buy Houses Maumelle
|North Little Rock – We Buy Houses North Little Rock
|Paragould – We Buy Houses Paragould
|Pine Bluff – We Buy Houses Pine Bluff
|Rogers – We Buy Houses Rogers
|Russellville – We Buy Houses Russellville
|Searcy – We Buy Houses Searcy
|Sherwood – We Buy Houses Sherwood
|Springdale – We Buy Houses Springdale
|Texarkana – We Buy Houses Texarkana
|Van Buren – We Buy Houses Van Buren
|West Memphis – We Buy Houses West Memphis