What is a probate anyway?
The Buying and selling of real estate under normal conditions can be complicated, but when the owner of a property passes away with the title still in their name, (with or without a will), a court needs to determine the line of “rightful succession”. This court known as the Probate Court and its job is to determine who the rightful heirs are and this process is called Probate.
The cost of Probate in Sacramento California is the same as throughout the entire state and it is based on the dollar value of the decedents estate as determined by the Court appointed Probate Appraiser. The actual attorneys fees are mandated by legislation that govern probate and they can be quite expensive.
For example, if an Probate estate in Sacramento has a value of $200,000.00 the attorneys fees would be 4% of the first $100,000 and 3.5% of the next $100,00.00. And if the estate has no liquid assets (cash) to pay those fees then the estate is sold to pay for those cost or one or more of the heirs pays for them.
How to begin the probate process for a house in Sacramento
The probate process can only begin once a petition is filed with the Probate court. Generally the heirs or Executor of the estate informs the court, by filing the petition. The estate also appoints an attorney to take care of the disposition of the assets which may include the sale of any real property. Once this is done, the attorney must publish to the public the assets of the estate and advertises the property just like other real estate properties. The price is based on the executors 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. This can be avoided by choosing the right partner in Sacramento and that would be us, Westbrook REI. Click the link here, fill out the form and we’ll help you get started now.
Okay, my Sacramento House is on the market, now what?
The Myth in probates is that the estate needs to wait until after the property is advertised and published to the market to sell. The truth is that the estate can wait for the buyers to make offers on the property or find a buyer. Once this process is completed, the final decision is made by the probate court based on the estates recommendation on who should buy the property …. In this case, we would suggest you choose Westbrook REI to purchase your property guaranteeing the sale of the property!
Want to sell your house in Sacramento fast (and securely)?
We have been an active Real Estate Investment company for 7 years and our reputation in all kinds of transactions is impeccable. If you are interested in choosing us as your partner in Sacramento, please call us at (209)481-7780 or contact us through our website form.
We are always here to help walk you through the probate process for a house in Sacramento, we look forward to speaking with you. 🙂
Call us today at (209) 481-7780 to get a cash offer on your inherited Sacramento house today!