How To Sell a Probate Property in South Jersey
If you’re reading this article, you probably are expecting or are already handling a property transfer from a loved one to a beneficiary. That beneficiary may be solely you, your siblings, or any combination of people, as defined in someone’s will. This process of allocating the property after someone passes away is called probate, and the process happens in probate court.
The Probate Process in South Jersey
If there was a will left, an executor will need to be appointed. That could be you, a family member, a lawyer, etc. In New Jersey, a surviving domestic partner or spouse has the first right to be appointed administrator if there is no will. Depending on the language in the will, a bond
may need to be posted, according to New Jersey law.
It is also the executor’s job to order appraisal (if needed), handle estate assets, taxes, and, ultimately, distribute the property to heirs or sell the property in probate. In South Jersey, a petition may need to be filed with the court to sell the property. Once you list for sale, you will want to disclose that the property is in probate.
Many houses left for heirs are filled with “hand-me-downs” and possessions of the previous owner. That’s why often people hold estate sales to help cut down on some of the cleanout. In addition, the actual condition of the house could vary greatly. We have seen many South Jersey
homes left in disrepair, requiring costly fixes just to prepare it to go to market.
Property Buyer Connect Can Help Sell Your Probate Property in South Jersey
At Property Buyer Connect, we make it easier to help you sell your probate property in South Jersey. We will provide a cash offer, which eliminates the waiting around for someone’s mortgage to be approved. Also, we will buy the property in any condition. We can literally buy
the house exactly the way it is – no need for estate sales or spending money to pretty the house up.
We are not a law firm, and the above is not legal advice. However, we would be happy to help guide you through the process and connect you with trusted legal advisors. Contact us today for any questions related to your South Jersey probate property!