Selling a home you inherited in LA is not as simple as people would think! Continue reading to learn how to sell a house you inherited in New Orleans, LA…
There is always the emotional part of getting a loved one’s house ready to sell, which may include depersonalizing his or her rooms and clearing out their belongings. Then there is the cost of marketing to attract prospective buyers to the house. Heirs typically get to deal with the high costs of liens and other issues. Disagreements may occur as a result.
Because of this, we at Louisiana Direct Home Buyers have put together a few tips that should help put you on the right path if you should ever find yourself in a dilemma like this. Here are a few points on how to sell a house you inherited in New Orleans, without having to sweat much.
Making the probate process go smoothly
Get some advice
The first thing you should do is to get advice from an expert. You need to fully understand your house’s status. Be sure to prove your ownership. Get advice from a real estate attorney. Seek information from other professionals, and completely utilize this site too, of course. We can give you a fair deal for your inherited New Orleans house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in New Orleans
Your house must go through probate before you begin the selling process. Many countries allow a summary probate, which is a simple process involving less legal procedures over a shorter amount of time. When a house passes the probate process in New Orleans, you are then able to put it on the market.
The tax basis of your property is the value of the house on the date that the person died. The difference between the amount from the sale and the value is essentially the gain on which you owe taxes.
How to sell a house you inherited in New Orleans
Agreeing to sell
If you are ready to sell in New Orleans, you can have the executor petition the court to get the “go ahead” and proceed from there with the sale. When siblings share the inheritance and have differing opinons, problems always arise. For example, some might want to sell the house while want to keep it. It is vital to “disagree to agree” when this is the case. In this stage, it is important to have your estate lawyer involved.
Preparing to sell
A house that belonged to an elderly person might need repairs and updating before you can put it up for sale. Everything will need to be ridden of! You can hire an inspector to note possible problems and recommend potential repairs. You can sell a home in New Orleans “as is,” but you might have to accept a lower offer, especially if your house needs widespread repairs or tidying.
Here at Louisiana Direct Home Buyers, we will always give you a fair deal and help you get the most value from your inherited house as possible. We often purchase local houses in New Orleans, fix them up, and rent them out or sell them to someone else looking for a great deal.
If your local New Orleans house meets a few simple qualifications, we can buy your house quickly.
You can fill out the form or pick up the phone and give us a ring anytime at (504) 224-9066