Selling a House During Probate: Some Tips to Help You

probate attorney in Michigan

Selling a home in areas like Metro Detroit is becoming tougher every day. The escalating crime rate, unstable real estate market, and increased property rates have made it quite difficult to sell houses in Detroit.

When it comes to selling a house in probate, another factor adds to the difficulty of selling the house. This factor is a lack of reliable permanent buyers.

Why It Is Difficult To Sell A House In Probate?

A probate sale in Detroit is not an easy task. It may seem like a process requiring a few good steps, but that is not the case.

The trick with probate houses is that the process usually takes a long time. Even if you find a buyer during the initial stages of the process, you cannot guarantee that they will stick with the deal till the end.

Thus, according to an expert probate attorney in Michigan, homeowners need to be very careful when selling a probate house.

The whole scenario of probate sales, and their failure, can be explained with an example:

Let’s suppose someone wants to sell a house that is in probate. Now, to sell the house fast, they hire a real estate agent, which includes fees and a commission. After the agent is hired, they start the process of listing the house and inviting potential buyers for visits or conducting an open-house. The agent has also instructed the homeowner to make certain repairs to the house and stage it for better presentation. This involves a lot of money be spent by the homeowner. Now, throughout the process, a number of visitors come and take a tour of the house. Out of these visitors, Mr. X finally agrees to buy the house.

However, this one buyer is looking forward to moving into the house as soon as the probate process is over. Now, according to the probate attorneys in Michigan, the process takes a long time and the time taken is also not defined. When the process gets lengthier, Mr. X becomes impatient, as he is really looking forward to moving into the house. But soon, as there are no signs of the probate process finalizing soon, Mr. X just cancels the deal. And, without any gains, a lot of the homeowner’s money goes down the drain!

This happens in a number of probate sales. To avoid this, you can:

  • Enquire about the buyer’s need to move-in beforehand and be sure they can wait till the probate process is over.
  • Be transparent about the probate process and let the potential buyer talk with your probate attorney in Michigan.
  • Avoid spending too much on the house and the selling process.
  • Find a more permanent buyer like a cash home buyer – Detroit Cash For Homes can be your best pick in Metro Detroit area.

To avoid failure in making an effective probate sale in Detroit, you simply need to be more informed about the whole process. You need to question the potential buyer more.

The easiest option is to sell your house to cash home buyers like Detroit Cash For Homes. We don’t buy houses for our own use, therefore, we won’t go anywhere till the probate process is finished! Get in touch with us!