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 Memphis, TN.
What is probate?
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 Memphis…
How to begin the probate process for a house in Memphis
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 from an independent appraisal ordered by the probate court.
Note: As a seller it important to familiarize yourself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Memphis and that would be us, iBuyYourHouse.com. Click the link here, fill out the form and we’ll help you get started now.
Your 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 iBuyYourHouse.com to purchase your property because as you can see from our website we have not only given the best deals on probate property in Memphis but also on short sales!
Want to sell your house in Memphis 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 Memphis, you are always free to contact us through our website form, our social media pages, as well as giving us a call at (901) 808-6991 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 cash buyer experts is free.
We are always here to help walk you through the probate process for a house in Memphis, we look forward to speaking with you. 🙂
Call us today at (901) 808-6991 to get a cash offer on your inherited house today!