Real estate remains a big business regardless of the state of the economy. Nowadays in 2021, our market in Hampton Roads is as hot as it’s ever been. The shortage of houses dictates elevated prices, which is also a situation fed by other reasons. When it comes to selling a probate property, knowing the details is important for both buyers and sellers. In essence, you need to understand the probate process for a house in Virginia Beach, Virginia.
So what is a probate?
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. Such proceedings always 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
When does the probate process start? Right after a person dies. Then shortly afterwards the authorized seller of the property should inform the court, which in turn will appoint an attorney to take care of the property sale. The attorney would basically advertise the property in a similar fashion as a real estate agent would. The price is determined by suggestions from advisors, the lawyer, and an independent appraisal that can get done by an order by the probate court. During the process, the seller needs to do some research to understand the details, so they don’t get short-changed. Of course, if the home is older and it needs a lot of updates, the price will be quite lower than newer homes of similar size. If you need to understand the real value of a probate house and get your options together, it would be beneficial to choose the right partner in Virginia Beach and that would be us, Coastal Edge Homebuyers. 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?
After the property has been put out on the market, you may get one, or several offers. Working with the right buyer is important, so you don’t get short-handed. Often, it’s better to work with a person you trust or like, not just jump on the highest offer, which may be made by someone who may not be even able to deliver , especially if it’s a cash sale. Once a potential buyer is identified, the offer is evaluated by the probate court. Sometimes, there may be even an auction, if there are several potential buyers. For better outcome, we would suggest you choose Coastal Edge Homebuyers to purchase your property, because as you can see from our website we have given great deals deals on probate property in Virginia and our satisfied customers have shared their experiences.
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, just contact us through our website form, or give us a call at +1 (757) 414-7117 7 days a week, 7am-10pm EST. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time.
We are here to help walk you through the probate process for a house in Virginia Beach, we look forward to speaking with you. 🙂