How to Sell a House You Inherited in Philadelphia – The Reality Behind Probate

Sell a House You Inherited in Philadelphia

Selling an inherited home in Pennsylvania is not as easy as people think! Read on to learn how to sell a house you inherited in Philadelphia Pennsylvania… First of all, there is always that emotional bit of preparing a loved one’s home for sale – which most likely includes depersonalizing their rooms and clearing out all the belongings… Then there is the cost of marketing the house to attract potential buyers. There are costs associated with selling an inherited home that you usually will not have to pay with a traditional sale.

Usually, heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise.

Therefore, we at Buying Property 215 have compiled a few points that should help steer you in the right direction if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Philadelphia without having to sweat much.

Making the probate process go smoothly

Get some advice

The first step you should take is to get some professional advice. You must understand the status of your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site, too, of course. We can also give you a fair deal for your inherited local Philadelphia house if it qualifies. Fill out the form here to get started.

Next Step: Begin the probate process in Philadelphia

Before you embark on selling, your house must go through a probate. Most countries allow for a summary probate – a simple process that takes a short time and involves fewer legal processes. Once your house passes the probate process in Philadelphia, you can put it on the market.

Tax consideration

The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is the gain on which you owe the taxes.

How to sell a house you inherited in Philadelphia

Agreeing to sell

If you are ready to sell your house in Philadelphia, you can inform the executor to petition the court to get the “go ahead” sign and proceed with the sale from there. Problems always arise when siblings who share the inheritance have different views – for instance; others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is crucial to “agree to disagree.” It is also essential to involve your estate lawyer in this stage.

Preparing to sell

A house that belonged to an older adult may require repairs and a bit of updating before you can put it on sale. You will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Pennsylvania as is you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.

However, at Buying Property 215, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often buy local houses in Philadelphia, repair and fix them, and either rent them out or sell them to someone looking for a great deal.

We can buy your home fast if your local Philadelphia house meets a few simple qualifications. (The Better Business Bureau accredits us with an A+ rating and 5-star google reviews!)

You can fill out the form or pick up the phone and give us a ring anytime at (215-509-9510 or 215-359-6090)

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