If you just inherited a property that’s in probate in Maryland, but you intend to sale, this guide from Berkshire Hathaway Fed Pen Realty (301-660-6272) can help you make an informed decision on the next steps forward.
Selling a house under normal circumstances can feel like a daunting task. Now, throw in the complexity of probate proceedings into the mix, and it can easily become the next thing you wish somebody could take completely off your shoulder.
That’s why Berkshire Hathaway Fed Pen Realty created this nifty guide that covers every aspect of the probate home sale process for you.
The guide clarifies the various steps needed to get a probate property ready for listing. It also highlights the roles different parties, including Maryland’s Orphans’ Court, play in facilitating a smooth closure, arming you with all the info you need to sell an inherited house with as less stress as possible.
Go to https://guidetoprobate.com/ to read the guide in full.
The guide begins with a quick overview of what probate is, describing it as the process for transferring the legal rights of a deceased individual’s estate to their heirs or beneficiaries. In Maryland, the Orphans’ Court handles all probate matters.
There's a seven-step framework outlined in the guide for selling a house in probate. It begins with petitioning the Orphans’ Court to open the deceased individual’s estate. Then, an executor is appointed, usually someone named in the deceased’s will or appointed by the court if there is no will.
The executor is kind of like the captain of the ship. They are responsible for obtaining the Letters of Administration, which gives them the legal authority to handle the estate, including selling the property.
Before listing the property for sale, the executor has to complete a few tasks. These include getting a fair market appraisal of the house and strategizing the best way to sell it.
Remember, selling a house in probate isn't quite like a regular house sale - it can be way more complex and time-consuming. That's why the firm recommends that you work with an experienced realtor, someone like Marc Cormier, who's well-versed with Maryland’s probate legalities and local market conditions.
Cormier states, "Losing a loved one is never easy, and the legal process that follows can add to the stress and complexity of an already difficult time. If the deceased person owned a house or other real estate, it must go through the probate process before it can be sold. This process can be particularly complicated, especially if you are not familiar with the legal requirements in Maryland."
With Marc Cormier and his team at Berkshire Hathaway Fed Pen Realty on your corner, you can rest assured of a smooth, quick sale.
Need more info? Visit https://guidetoprobate.com/
