Can the executor sell a house that’s in probate? If so, how long they have to sell a home?
These are the questions that you must answer if you’re the executor of an estate. You need to administer the matters and ensure that everyone is on the same page. Generally speaking, the probate process in Utah takes 4-5 months. And you have 30 days to file a petition after the death of your loved one.
Sometimes people wait longer, but that creates more complications than comforts. After three years, you can’t start the probate process. You’ll have to file a determination of heirs to administer the estate. It’s best to get started as early as possible.
Simple Real Estate Procedure
You won’t need a lengthy probate process if the net worth of assets is less than $100k. However, that sum excludes any real property. If the descendent has left a house, you must start the probate process in Utah.
So how long does an executor have to sell a house?
Timeline to Sell a House in Probate in Utah
The Utah probate code requires you to account for all assets within 30 days after the court appointment. This is known as the “executor’s inventory” and must include all property that belongs to the deceased such as bank accounts, vehicles, real estate, business interests, and personal belongings.
Often, the home owned by the decedent at the time of death is placed on the market to pay off any outstanding debts and fund an inheritance. As the executor, you’re responsible for the maintenance and upkeep of the house.
It’s our experience that most probate houses are not in great shape. The property will need some work before you can sell it in the market. In that case, it’s a good idea to do the repairs yourself. You can’t rely on friends and family members to complete this task. If financing is an issue, you can liquidate some assets to pay for the repairs. (Obviously, this has to be done with the consent of the court and other parties involved).
If you want to sell your house fast, you can complete the probate process rather quickly. You can sell the home as-is without selling any assets or without worrying about repairs. That simplifies things for the executor. You won’t have to find agents who can get the job done. You won’t have to deal with uncomfortable showings, delays, or repair work.
You must ask for a fair price for your situation because you must sell the house for market value. However, once you have sold the house, you can wrap up the probate process within a few weeks only.
At Fast Home Offer Utah, we buy houses in probate. If you want to sell a house in probate, we can help. We’re an experienced team working in your local area. We can help you ease the stress that comes with the probate process. And we can buy your home for a fair cash price in just 7 days. If you’re an executor searching for a way to sell the inherited property, we can help. Our team can even help you de-clutter the place so everyone can get their belongings, and you don’t have to deal with unwanted items.
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