Can You Buy My House While in Probate in CO? Yes, We Buy Houses for Cash

Keep reading to know how to buy my house for cash during probate.



Before we tell you how we buy houses for cash, we’d like you to please learn about the probate process.

What is Probate?

Probate is reassigning the property to the beneficiaries after the person dies. People leave their loved ones and property behind when they pass away. Sometimes the person leaves the last will or the Testate; in some cases, it is not.

Whatever the situation, the property is reassigned to the heirs by the court of law, and this extensive, thorough process is known as probate. Read about the steps to consider when selling an inherited property in Colorado.

Can you buy my house for cash while in probate in CO?

The short answer is yes…

A house can be sold while in probate in Colorado. However, the sale must be approved by the probate court, and the proceeds must be distributed according to the terms of the will or state laws of inheritance. It’s important to consult with a probate attorney to ensure the sale is handled properly.

As real estate investors in Denver CO, Dragonfly Investment and Development advise sellers to go through the following steps and also suggests other investors check the procedures when buying property in probate in Denver. Click on buy my house to get started.

Obtain the Petition

To start the probate process in Colorado, an interested party (usually the executor or a beneficiary) must file a petition with the appropriate probate court in the county where the deceased person lived. The court will appoint a personal representative to manage the estate.

An investor only buys the property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of getting the petition.

Notice to Creditors and Beneficiaries

The personal representative must provide notice to all known creditors and beneficiaries of the estate.

Property Appraisal

The personal representative must prepare an inventory and appraisal of all the estate’s assets, including real estate, personal property, and any debts owed to the estate.

With the help of an independent certified appraiser, a property can be appraised. You can easily look for an appraiser by contacting a real estate agent for their recommendations or work with Dragonfly Investment and Development for a recommended target selling price. We understand the market and know what it takes to repair and update to get the best price on the market. It might be worth talking to several sources to get the best idea of what your house is worth on the market and how long it will take to sell it. We buy houses for cash and it can be the most convenient and efficient way of selling your property quickly. Click on buy my house to get started.

Place your Property for Sale

The next step is placing your property on sale. Please make sure to let the buyer know that the property will be sold only after confirmation from the court since it is on probate. Only real investors buy the property on sale after seeking a court petition. If your property matches these conditions, we can take it off your hands by making a cash offer for your house.

Fill out the form to see if your Denver property qualifies for a quick all-cash offer to buy my house.

Get an Offer...

We buy houses "as-is." Get your no-obligation cash offer.

Source