When the executor has been appointed, he or she can choose to sell the house especially if there is more than one owner.
Sell Your House Fast! – Harahan LA: When a loved one dies, they will have left direction as to the distribution of their worldly goods. In some cases that isn’t necessarily true and the property will go into probate instead. That means the county where the home is located will have to divide the property according to the law of that state and county. A judge will be the one to make the decision and will appoint someone to oversee the distribution. This person is known as the executor of the estate. The executor will then be charged with making sure that the goods and possessions, including the house, will go to the correct parties.
When the executor has been appointed, he or she can choose to sell the house especially if there is more than one owner. This happens when there are multiple heirs by law and dividing the property up fairly often involves the selling of the house so the proceeds can be easily distributed. This is considered the fairest way of dividing the estate. Inheriting property when there are multiple owners can be difficult. Some may live far away and wouldn’t want to live there. If one of the heirs wishes to live in the house, there may be a way for him or her to buy out the shares of the other owners.
“One very easy way to fix this problem is to sell the house to a real estate investor, which makes it an easy process that will save much time and effort.”
If no one wants to do this and the house must be sold, it is often a burden on the executor as that is the person that would be ultimately responsible for getting the house sold. One very easy way to fix this problem is to sell the house to a real estate investor. An investor can most often make a quick purchase for cash or will have an available line of credit to use, which makes it an easy process that will save much time and effort. The house will be bought as is so the heirs won’t need to repair it or spend money having someone else get it cleaned up and fixed up to go on the market for sale.
This is an easy and fast solution to a problem that often gets between surviving members of a family. Who will clean out the house and take the trash to the dump? Who will repaint all the rooms and pay for the repairs? Who pays for the insurance and keeps up the mortgage payments? These and other questions will be irrelevant when the house is sold for cash in a week as is.
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