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 Virginia Beach, VA.
So what is a probate anyway?
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 Virginia Beach…
How to begin the probate process for a house in Virginia Beach
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 also from an independent appraisal ordered by the probate court. Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Virginia Beach and that would be us, Wise Choice Home Buyers. Click the link here, fill out the form and we’ll help you get started now.
Okay, my property is on the market, now what?
Now that your property is on the market, it’s time to wait for buyers to make offers. Once offers have been made, the probate court will decide who should buy the property, based on an auction if there was more than one interested buyer. We suggest choosing Wise Choice Home Buyers to purchase your property. We have given the best deals on probate property in VA, and we’re also experienced in short sales. Contact us today to learn more about how we can help you sell your property quickly and efficiently.
Want to sell your house in Virginia Beach 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 Virginia Beach, you are always free to contact us through our website form, our social media pages, as well as giving us a call at 757-800-1870. 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 real estate agents is free.
We are always here to help walk you through the probate process for a house in Virginia Beach, we look forward to speaking with you. 🙂