SELLING A HOUSE IN PROBATE IN WISCONSIN: HELPFUL TIPS AND TRICKS THAT WILL SAVE YOU TIME, MONEY AND HEADACHES
If you've inherited a property in Wisconsin and need to sell it, it can be a daunting task, especially if the property is going through the probate process.
The probate process in Wisconsin can be complicated. This article will give you some tips to help steer you through the process.
Selling a home in Wisconsin can be a time-consuming and discouraging process. However, at Fair Deal Home Buyers, we help make the process easy and hustle-free without worrying about making any repairs. We buy houses in Wisconsin in "as-is" condition and pay all cash - no hidden fees or strings attached.
Probate process and attorneys
Because probate in Wisconsin and be tricky, it’s critical to find a lawyer who specializes in probate law to help you navigate the complex process. This includes filing a petition for probate; inventorying assets; paying debts and taxes; and distributing assets to beneficiaries. Naturally, you’ll want an experienced probate attorney; so, be sure to find a reputable one.
Determine the value of the property
The first step in selling a house in probate is to determine its value. If you don’t know the value of the property, you won’t be able to set a realistic asking price, which could result in losing significant money or not finding a buyer because your ask is too high. You can hire a professional appraiser to evaluate the property's value.
Make necessary repairs and updates
It’s critical to fix major problems the property might have if you want to sell it for top dollar. This should be done before putting it on the market. You can hire a contractor to take care of any necessary repairs or improvements, or you do it yourself.
Sell as-is for cash
If you don’t have the time or money or handyperson skills to do the required upgrades on the property, consider selling to a real estate investor. Cash buyers, like Fair Deal Home Buyers, purchase properties in the condition they’re in. This can save you a lot of time and headaches. Plus, if for whatever reason you need to sell fast, cash buyers are a much quicker option than going the traditional route of listing a property via a realtor.
Market the property
Once you've determined the value of the property and made any necessary repairs and improvements, it's time to market it. You can work with a real estate agent who specializes in selling probate properties; or if you want to sell the property quickly for cash, talk to a real estate investment company, like Fair Deal Home Buyers.
Accepting an Offer
After you’ve received an offer for the property, be sure to review it carefully with your probate attorney. If the offer is acceptable, by all means move forward with the sale. If it isn’t, make a counter offer or market the property until you get the offer you’re looking for.
Closing the Sale
Once you've accepted an offer for the property, most of the heavy lifting is done—but you’re not out of the woods yet. You’ll still need to go through the closing process. This includes signing the necessary paperwork and transferring the property to the new owner. It's important to work with a real estate attorney who specializes in probate to ensure that the sale goes smoothly and all legal requirements are met.
Selling a house in probate in Wisconsin can be a complex and time-consuming process, but with the right preparation and guidance, it can be done successfully. By hiring an experienced probate attorney, determining the value of the property, making necessary repairs and improvements, marketing the property, accepting an offer, and closing the sale, you can sell a probate property with ease.