Selling a Home After the Loss of a Family Member
Losing someone you love is difficult enough without having to consider what to do with their property. Unfortunately, dealing with a home is something you must face sooner rather than later. Selling a home after a death is not pleasant, but quick action can eliminate future problems.
If your spouse has died, you will need to put the title of the home solely in your name. This is necessary before listing the home for sale should you decide not to remain living there. You may have a family member or friend who is willing to help you through this process. You should also find a local realtor to help you with selling your home after the death of your partner.
If you are selling a home after a death of your parent or another relative, you will need to speak with an attorney to determine who has the legal responsibility of handling the transaction.
Probate and Selling a Home After a Death
When a loved one leaves behind a will, the executor is typically the authorized person to handle the selling of the home. In the case of a trust, it is the trustee who will handle all decisions. Without a will or trust, the individual who files the petition for a probate estate and volunteers to act as the estate’s administer will have the authority once the probate estate is opened and letters testamentary are issued.
An attorney can also provide you with other alternatives to a probate estate. In any case, quick action is necessary as banks, insurance companies, and utilities may only communicate with a person who has the authority to handle decisions.
Important Actions to Take When Selling a Home After a Death
There is much to keep in mind after the death of a loved one. When dealing with selling a home after death, do not forget to handle these actions:
- Change the locks – you do not know who else has keys to the house
- Forward the mail – have everything sent to your home or business
- Gather all financial documents – check the house thoroughly for important papers
- Determine what will be kept, donated, sold, and thrown away – ask for recommendations for antique dealers and estate furniture representatives
- Keep paying mortgage, maintenance, and utilities – you must keep the property maintained and avoid fines and assessments
- Have the property assessed for value before listing for sale
- Prepare the house for showing to potential buyers
It is always best to seek professional advice when selling a home after a death.
Brought to you by: Purdy Buys Houses
Providing a win-win solution to help homeowners get out of the sticky situations… like Foreclosure, owning a burdensome property, probate, or anything else. At Purdy Buys Houses, we focus on providing you with a solution to your situation so you can continue to do the things you love.
If we can ever be of assistance and answer questions or walk you through how a “buy your home for cash” process works, please call us 321-243-2493.