Buying and selling of real estate is big business in any modern economy in the world. As a population increases, more houses are needed for people to live in and offices for people to work in. In spite of this fact, real estate transactions can still be very risky propositions! Especially when it comes to probate property, if the prospective buyer doesn’t understand the probate process for a house in Kansas City, Mo.
So what is probate anyway?
Probate is a legal process of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how his or her property was to be administered after they are deceased. These proceedings take place in probate courts. Sometimes they can end up being the best real estate deals that any buyer or seller might get in Kansas City…
How to begin the probate process for a house in Kansas City
The probate process begins after a person dies and can differ from state to state. In Missouri it is a court-supervised process. The decedent’s property is held and managed by a “Personal Representative” which may be a family member, friend, or attorney. The personal representative is responsible for management of the property as well as the sale of the propery in a way that complies with the court’s direction. An attorney is usually selected to assist with the process.
Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Kansas City and that would be us, Prime Property Options LLC. Unlike many investor/buyers in the Kansas City area, we also hold a Missouri Realtors License. We don’t just want to work with sellers who’ll give us a good deal on their home when we buy — we want to work with sellers to help them find the best way to sell their property. You may be able to sell your property at a much better price than selling to us as an investor. If your home is in good shape we may be able to list your property on the Multiple Listing Service and find you a full-price retail buyer.
Okay, my property is on the market, now what?
Now, after the property is advertised on the market then it is up to the seller to wait for the buyers to make offers on the property. In some instances, the probate court will release the property from the probate procedure early, before the process is completed, so you can get it off your plate and focus on finalizing the rest of the process. At Prime Property Options LLC we have been through the probate process ourselves as well as with other local homeowners, so you can be sure we know what you’re going through and know how to help you out. You can see from our website we have not only helped homeowners get their properties sold in Mo but specifically helped families work throgh the probate process!
Want to sell your house in Kansas City fast (and securely)?
We have been in this industry for years and our reputation speaks for itself. If you are interested in choosing us as your partner in Kansas City, you are always free to contact us through our website form as well as giving us a call at (816) 401-3544. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time. In addition, you can leave a text message and we shall respond, as soon as we are able to.
We are always here to help walk you through the probate process for a house in Kansas City, we look forward to speaking with you. 🙂
Call us today at (816) 401-3544 to get a cash offer on your inherited house today!