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To sell a inherited house you must follow the steps below. Roger Loesel from Roger Sells Ohio House with Coldwell Banker Realty provides you with the knowledge needed to sell a inherited house.
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The Steps Involved when a person dies and owns real property in the state of Ohio!
- Confirm Ownership of Real Property: The first step is to confirm whether the deceased person owned any real property in Ohio. This involves locating the deed or other relevant documents that establish ownership.
- Notify Relevant Parties: Notify family members, beneficiaries, and any co-owners of the property about the person’s passing.
- Secure the Property: Secure the property to prevent unauthorized access or damage. This may involve changing locks or boarding up the property if it will remain vacant for an extended period.
- Locate the Will (if applicable): If the deceased person had a will, locate the original document. The will may contain instructions regarding the distribution of real property and the appointment of an executor or personal representative.
- Initiate Probate Proceedings (if necessary): Determine whether the deceased person’s estate needs to go through probate. Probate is typically required if the deceased person owned real property solely in their name or held property as a tenant in common. If probate is necessary, initiate probate proceedings in the appropriate Ohio probate court.
- Appoint an Executor or Personal Representative: If the deceased person had a will, the probate court will appoint an executor to administer the estate. If there is no will, the court will appoint a personal representative. The executor or personal representative is responsible for managing the deceased person’s assets, including real property, during the probate process.
- Inventory Assets: Prepare an inventory of the deceased person’s assets, including all real property owned in Ohio. This inventory will be submitted to the probate court as part of the probate process.
- Determine Debts and Liabilities: Identify and assess any debts or liabilities associated with the real property, such as mortgages, liens, or property taxes. These debts will need to be addressed during the probate process.
- Value the Real Property: Obtain a professional appraisal or market analysis to determine the fair market value of the real property. This valuation will help guide decisions regarding the property’s disposition.
- Notify Creditors: Notify creditors of the deceased person’s passing and provide them with the necessary information to file claims against the estate. Creditors must be given a certain period of time to file their claims.
- Resolve Outstanding Debts: Use estate funds to settle any outstanding debts or liabilities associated with the real property. This may involve selling assets or using other estate assets to satisfy creditors’ claims.
- Distribute Real Property to Beneficiaries: Once all debts and liabilities have been resolved, distribute the real property to the beneficiaries as specified in the deceased person’s will or according to Ohio intestate succession laws if there is no will.
- Transfer Title: Transfer title of the real property to the beneficiaries or new owners. This typically involves executing a deed or other transfer document and recording it with the appropriate county recorder’s office.
- Close Probate Proceedings: Once all assets have been distributed and all debts settled, petition the probate court to close probate proceedings. The court will review the estate’s administration and issue a final order closing the estate.
It’s important to note that the probate process can vary depending on the specific circumstances of the estate and any complexities involved. Seeking guidance from an experienced probate attorney can help ensure that all legal requirements are met and that the estate administration proceeds smoothly.
At Roger Sells Ohio House with Coldwell Banker Realty, we understand how difficult and overwhelming the probate process can be after losing a loved one. During this challenging time, the last thing you need is added stress from managing the sale of an inherited house. That’s why we’ve established strong relationships with a network of trusted vendors who specialize in simplifying the probate process.
Our dedicated team is here to provide compassionate support and professional guidance every step of the way. We work closely with experienced attorneys, appraisers, cleaners, and contractors who understand the intricacies of probate sales. These professionals are committed to handling all the necessary tasks, from securing the property and completing necessary repairs to navigating legal requirements and ensuring a smooth transaction.
By partnering with experts who share our commitment to making the probate process as easy as possible, we can help you achieve the best outcome for your inherited property. Our goal is to alleviate your burden, provide peace of mind, and offer the support you need during this difficult time.
Let Roger Sells Ohio House with Coldwell Banker Realty be your trusted guide through the probate process, ensuring a seamless and stress-free experience for you and your family. We truly care about making this process easier for you, and we’re here to help every step of the way.
To Claim Your Free List of Roger Sells Ohio House – Probate Vendors Click Here
