Buying and selling real estate is big business in any economy in the world. As the population increases, more houses are needed for people to live in and offices for people to work in. Despite this fact of life, real estate transactions can still be risky! Especially when it comes to probate property if the prospective buyer doesn’t understand the probate process for a house in Frankfort, Kentucky.
What is probate?
A probate is a legal way 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 their property was to be administered after death. 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 Frankfort…
How to begin the probate process for a house in Frankfort
The probate process begins after a person dies. Soon after, the seller is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. The price is based on the agent’s suggestion and an independent appraisal ordered by the probate court.
Note: The seller needs to familiarize themselves with the property to avoid being short-changed. This can be avoided by choosing the right partner in Frankfort, which would be us, Limestone Investments. Click the link here, fill out the form and we’ll help you get started now.
My property is on the market. Now what?
After the property is on the market, the seller waits for the buyers to make offers. Once this process is complete, the probate court decides who should buy the property based on an auction if there was more than one interested buyer. In this case, we would suggest you choose Limestone Investments to purchase your property because, as you can see from our website we have not only given the best deals on probate property in Kentucky but also on short sales!
Want to sell your house in Frankfort 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 Frankfort, you are always free to contact us through our website form and our social media pages and give us a call at (502) 892-1212. 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 one of our real estate agents is free.
We are always here to help walk you through the probate process for a house in Frankfort. We look forward to speaking with you.