Probate is the process of reassigning property to the beneficiaries after a person dies. When a person passes away, they leave their loved ones and their property behind. Sometimes the last will or testate is left behind by the person, and in some cases, it is not.
Whatever the situation, the property is reassigned to the heirs by the court of law, and this extensive and thorough process is known as probate.
Sometimes a question arises, “Can a house be sold while in probate in Bakersfield CA?“, and the answer is that it can be sold if simple steps are followed. As real estate investors in Bakersfield CA, Local Home Buyer CA should advise sellers to go through the following steps and also suggest other investors check the procedures when they go to buy the property during the probate period in Bakersfield.
As real estate investors in Bakersfield CA, Local Home Buyer CA advise sellers to go through the following steps and also suggests other investors check the procedures when buying property in probate in Bakersfield.
Can a house be sold while in probate in Bakersfield, CA? Yes, but make sure to follow these steps first!
Property Appraisal
A property can be appraised with the help of an independent certified appraiser. You can very easily look for an appraiser in the local phone book or by contacting a real estate agent for their recommendations.
So, as real estate investors, we look for buying property on probate in Bakersfield CA that has already sought property appraisal.
Obtain the Petition
When you are in the process of selling the property during the probate period, you have to seek probation from the court. So fill out the petition form and provide all the details related to the sale of the property in Bakersfield along with mentioning the methods of sale.
Then, with the help of the independent appraisal, fill out the form and wait for approval from the court.
An investor only buys the property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of obtaining the petition.
Place your Property for Sale
The next step is to place your property on the market. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court as it is in probate. Real investors only buy the property that is on sale after seeking a court petition. If your property matches these conditions then we might be able to take it off your hands.
Fill out the form to see if your Bakersfield property qualifies for a quick all-cash offer.
Seek the Court for Confirmation
As a buyer, you have to seek the court’s confirmation to confirm the sale of your property in Bakersfield. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangements and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves, we tend to ensure the fact that the seller seeks the court for the confirmation soon.
Advertise in Local Newspapers
Inform them about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during the probate period. It also allows open bidding for the other interested parties so that the property gets the best price. So if you are seeking to buy property in the probate period in Bakersfield, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers.
Attend the Hearing
Attend the hearing of the court. This is the place where bids are made and buyers and real estate investors come to bid. The final agreement is signed, and the cashier’s check is given to the court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit from the buyer after the confirmation has been given by the court. We always pay some money as a deposit of the original price to the court after the contract has been confirmed.
After this, you can complete the contract with the buyer by following the above-written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Bakersfield, then we can help.