The simple answer is that any house can be sold while in Probate in Stockton, CA. The long answer is it must be done properly.
Probate is the process of reassigning the property to the beneficiaries after a 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 through the probate court and this extensive thorough process is known as probate.
What happens if there is a Last Will and Testament, will the property still need to go through Probate? The short answer is yes but if the estate is valued at $150,000 or less then the process is shortened considerably and it doesn’t not need to go through the entire probate process.
For Estates valued at over $150,000 Probates can take as long as a year and in some cases longer if the property in question is contested by anyone claiming to be an heir.
Often the question arises, “can a house be sold while in probate in Stockton CA?“, and the answer is that it can be sold if simple steps are followed properly. Any one seeking to purchase a probate property, including heirs, Real estate investors or others in Stockton CA, Westbrook REI must go through the following steps to make that purchase.
Can a house be sold while in probate in Stockton, CA? Yes, but make sure to follow these steps first!
With the help of the independent certified appraiser a property needs to be appraised. In California an appraiser is assigned directly by the court.
Obtain the Petition
When you are in the process of selling the property during the probate period you have to seek for permission from the court. A petition is completed that provides all the details related to the sale of the property in Stockton along with detailing the terms of the sale. Then with the help of an attorney fill out the form and wait for the approval from the court before selling your property… An investor only buys the 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 petition.
Place your Property for Sale
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 investors only buy the property that is on sale after seeking court petition. If your property matches these conditions then we might be able to take it off your hands.
Seek the Court for Confirmation
As a buyer you have to seek the court for confirmation to confirm the sale of your property in Stockton. You have to wait depending on the pressure of the state court… Generally hearings take place within a period of 20 to 40 days. Please do not forget to make 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 for the confirmation soon.
Advertise in Local Newspapers
Inform about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during probate period. It also allows open bidding for the other interested people so that the property gets the best price. So if you are seeking to buy property while in probate period in Stockton, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers.
Attend the Hearing
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 deposit of the original price to the court after the contract has been confirmed.
So after this you can complete the contract with the buyer after the above written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Stockton, then we can help.
At “Westbrook REI” and “I Buy Houses Stockton“, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.
We buy houses in Stockton, CA and its surrounding areas in Lodi, Woodbridge, Acampo, Lockeford, Linden, Ripon, Manteca, Modesto, Ceres, Tracy and Sacramento CA. If you need to sell your house fast in [market], call us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose, but we’d love to earn your business. 🙂