The topic of “Can a house be sold while in probate in Knoxville, Tennessee?” comes from time to time here at Shipwash Properties. The answer is yes, if basic measures are followed. After a person dies, the property is reassigned to the beneficiaries through the process of probate. When a person dies, they leave behind their loved ones as well as their belongings. In certain circumstances, the person’s last will or estate is left behind, while in others it is not. In any case, the property is reallocated to the heirs by a court of law, and this lengthy and meticulous procedure is known as probate.
Since we buy houses in Knoxville Tennessee, we recommend to sellers that they should follow the measures below and also suggest that other investors review the rules when purchasing their property during the probate period in Knoxville, TN.
Yes, A Knoxville House Can Be Sold While Probate!
A property can be appraised with the help of an independent licensed appraiser. You may simply find an appraiser by looking in the phone book or asking a real estate agent for referrals. Getting an appraisal on the property is a great idea to give you an idea of the value, but this step is not always required.
Get a Petition
During the probate phase, you must seek petition from the court if you are in the process of selling the property. So, fill out the petition form and include all pertinent information about the property sale in Tennessee, as well as the methods of sale. Fill out the form with the help of the independent appraisal and wait for the court’s approval.
Listing Your Home Or Sell Your House Direct
The next step is to list your home for sale or contact a trusted local homebuyer in Knoxville. As the property is in probate, make sure to advise the buyer that the property will only be sold following confirmation from the court. Real estate investors will only purchase a property on the market after filing a court petition. We may be able to take your property off your hands if it meets these criteria.
Look For a Greenlight From The Court
You typically must seek court confirmation to confirm the sale of your property. Hearings usually take between 20 and 40 days to complete. As investors, we prefer to ensure that the seller obtains confirmation from the court as quickly as possible since these hearing can cause serious delays!
We Buy Houses In Knoxville
If you are wanting to sell a house you inherited quickly without jumping through hoops, we would absolutely love to buy it! We buy houses completely as-is, meaning we will never ask you for repairs or cleaning. Trying to sell an inherited house is already stressful enough. As local homebuyers in Knoxville, we take that stress away by making you an all cash, fair offer for your house. We will close on your timeline, make it as seamless and easy as possible, and allow you to walk away with no more worries! We are absolutely proud to help people in our community, and if we can help you, reach out to us by phone or fill in any of our forms online,
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