The probate process can be a complicated and stressful time for those who are responsible for handling the affairs of a deceased loved one.

Not only are they grieving the loss of a family member or friend, but they also have to deal with the legal and financial issues that arise during probate. One of the most significant decisions that must be made during this process is what to do with the deceased person’s real estate, including any homes or other properties they may have owned.

Selling a house to an investor during the probate process can be a good option for several reasons. Here are some of the benefits of this approach in 2022:

1. Speed and convenience: Selling a house through the traditional real estate market can be a time-consuming and labor-intensive process. It can take months or even years to find a buyer, especially if the house is in a less desirable location or needs significant repairs. By contrast, investors are often willing to make a quick offer on a house and close the sale within a few weeks. This can be especially appealing for those who are looking to move on from the probate process as quickly as possible.
2. No need to make repairs: When you sell a house through the traditional real estate market, you are typically expected to make any necessary repairs or renovations before putting it on the market. This can be costly and time-consuming, especially if the house is in need of significant work. Investors, on the other hand, are often willing to buy a house “as is,” meaning you don’t have to worry about making any repairs or renovations before the sale.
3. No real estate commissions: When you sell a house through a real estate agent, you typically have to pay a commission of around 6% of the sale price. This can be a significant expense, especially if the house is worth a lot of money. When you sell to an investor, however, you don’t have to pay any commissions, which can save you thousands of dollars.
4. Flexibility with payment terms: Investors often have more flexibility when it comes to payment terms than traditional buyers. For example, they may be willing to offer a higher price for the house in exchange for a longer closing period, or they may be willing to accept monthly payments rather than a lump sum. This can be particularly useful for those who are dealing with the probate process and may need some extra time to get their affairs in order.
5. No need to worry about financing: When you sell a house through the traditional real estate market, you have to worry about whether the buyer will be able to secure financing for the purchase. This can be a major concern, especially if the buyer has a less than perfect credit score or is otherwise unable to obtain a mortgage. When you sell to an investor, however, you don’t have to worry about financing, as the investor will typically pay cash for the property.

Overall, selling a house to an investor during the probate process can be a good option for those who are looking for a quick and convenient way to dispose of a property.

It can be especially appealing if the house is in need of significant repairs, if you want to avoid paying real estate commissions, or if you need some extra time to get your affairs in order. And you can rest assured that we’ll be as discreet as possible, you can view our privacy policy here. While it’s always important to carefully consider your options before making any major decisions, selling to an investor can be a good way to simplify the probate process and move on with your life. See how our process works here.