How To Sell Your Inherited Home In North Carolina

Selling Your Inherited Home In North Carolina

If you are looking to find out how to sell your inherited home in North Carolina, then you have came to the right place! We buy inherited houses for cash in North Carolina and are very experienced in how the process works. We also have included a section below with common questions about the process involved in selling an inherited home. If you have any questions or would like an offer or your property then please feel out our form above! We purchase homes in Greenville, New Bern, Wilmington, Goldsboro, Shallotte, and all surrounding areas.

There Is A Number Of Advantages We Can Offer You When Selling An Inherited Property.

• Make Zero Repairs Before Selling
• We Cover Your Selling Expenses
• All Cash Offer So We Can Purchase ANY Property No Matter The Condition
• You Choose Your Closing Date
• Leave Any Unwanted Items Behind & We Will Take Care Of It

Fill Out Our Form Above To Receive Your All Cash Offer

The Advantages of Selling to Turner Home Team -A Company That Buys Houses In North Carolina

1. Speed and Convenience: As a leading State-Wide cash home buyer, we streamline the selling process, allowing you to move on with your life quickly.

2. No Fees or Commissions: Say goodbye to expensive agent commissions and unexpected fees.

3. Sell As-Is: Skip the hassle of repairs and sell your home in its current condition.

4. We Handle the Details: Let us take care of all the paperwork and logistics, so you don’t have to worry about a thing.

5. Fair Cash Offer: Rest assured that you will receive a competitive cash offer for your North Carolina property.

How Does Selling Your NC Home To A Home Buying Company Work?

Our process is designed to make selling your home a breeze. Here’s how it works:

1. Reach Out to Us: Contact Turner Home Team through our website or give us a call to share some basic information about your property.

2. Get a Fair Cash Offer: We will schedule a visit to your property to assess its value. Based on our evaluation, we’ll present you with a fair, no-obligation cash offer. The scheduled walkthrough will only take 10 minutes and there will be no more showings after that!

3. Choose Your Timeline: Whether you need to sell your home urgently or prefer a flexible closing date, we are ready to accommodate your needs.

4. Quick Closing: Once you accept our offer, we’ll move forward with the paperwork, and you can expect to receive your cash payment on the agreed-upon date that you set.

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Do You Have Questions About How Selling A Home In Probate In The State Of North Carolina Works?

Many times, we deal with owners of inherited property that don’t know the first steps in starting the probate process. We are always here as a resource if need, so feel free to reach out. When you sell your home to us we can have our attorneys help you through the Probate process for free. We have also included so common questions and answers below for those of you looking to do this process yourself!

How To Sell A House You Inherited in North Carolina

Selling an inherited property can be more complex than anticipated. Continue reading to discover the steps involved in selling an inherited home here in North Carolina.

To begin with, there is the emotional aspect of preparing a cherished family member’s home for sale. This often involves depersonalizing their living spaces and clearing out their belongings. Additionally, there’s the financial aspect of being able to pay for property taxes, property upkeep, and doing property repairs if needed before selling.

Heirs frequently encounter the burden of dealing with high costs associated with liens and repairs issues, which can sometimes lead to disagreements among family members on which direction to take with the property.

At Turner Home Team, we’ve gathered some valuable insights to guide you through this process. Here are some tips to make selling an inherited house North Carolina.

• Seeking expert guidance is the initial and crucial step in this process. It’s imperative to gain a comprehensive understanding of your inherited property’s current status and confirm your ownership. To navigate this terrain, consult with a reputable real estate attorney, and tap into the knowledge of other industry professionals. If you wish to try and navigate the North Carolina probate process without an attorney then your local clerk of court will be able to help you get the process started and answer questions about what needs to be done. Additionally, make full use of the resources available on this website. Lastly, If your inherited property in North Carolina meets our criteria, we can also present you with a cash offer and assist with all the paperwork you will encounter during probate.
• Moving forward, your next task involves initiating the probate process specific to the county you reside in here in North Carolina. This will be done by working with your clerk of superior court. In most cases, a simplified probate process is available, streamlining legal procedures and minimizing the time involved. Once your property successfully clears the probate process, you’ll be ready to then sell the property as long as all heirs are on board (Or The Executor Of The Estate Deems It Time & Has Done All Necessary Steps).
• Lastly, It’s essential to consider the tax implications as well. The tax basis of your property is determined by its value on the date of the original owner’s passing. The difference between the sale proceeds and this value constitutes the taxable gain that you’ll need to account for.

How To Sell A House You Inherited In North Carolina During Probate

Reaching a Consensus to Sell

When you’re prepared to sell your property in North Carolina, it’s essential to initiate the process by notifying the executor ( If you are not the executor of the estate yourself). The executor must have already filed all paperwork that the county clerk of superior court has deemed necessary to receive approval to proceed with the sale. Challenges can arise when multiple heirs have varying opinions on whether to sell the property. In such situations, it’s crucial to engage in constructive discussions to find common ground. Involving your estate lawyer at this stage can be invaluable.

Preparation for Sale

Properties that once belonged to elderly individuals often require some refurbishment and updates before they are market-ready. Comprehensive decluttering is a must. Consider enlisting the services of an inspector to identify potential issues and recommend necessary repairs unless selling it directly to a home buying company such as ourselves. While selling a home in North Carolina “as is” is an option, you may need to adjust your price expectations, particularly if significant repairs or cleaning are needed.

At Turner Home Team, our commitment is to provide you with a fair deal and help you maximize the value of your inherited property. We frequently purchase houses in Greenville, Winterville, New Bern, Leland, Shallotte, Whiteville, & Everywhere In-between In the Rural areas. We undertake the necessary repairs and improvements, and then either rent them out or offer them for sale to individuals.

If your North Carolina property meets a few straightforward criteria, we can expedite the process of buying it from you.

 

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Inherited Property & Probate Definitions For The State Of North Carolina

• What is a “will” or a “last will and testament”? A “will” (also known as a “last will and testament”) is an instrument created during a person’s life that determines who inherits that person’s property after he or she dies. Wills are most commonly typed documents created by lawyers, but in some circumstances wills may be valid when handwritten (and in rare cases may be made through verbal directions). Some wills are not valid because they lack the legal requirements of a valid will. A will has no legal effect until it is probated by a court (usually the clerk of superior court).
• What is “probate”? The term “probate” has two primary meanings. Probate is another word for estate administration, which is sometimes called “the probate process.” Probate or probating the will also refers to the process by which a court determines that a “purported” will is actually the final will and testament of the decedent and is legally valid to pass title to property.
• What is “estate administration”? Estate administration is a process for handling a person’s assets and debts after that person’s death.  Some estates are administered by “full administration.”  Many small estates may be administered through simpler processes.  Unless the decedent set up complete alternatives to court-supervised estate administration prior to death, estate administration is handled through the courts, primarily in the office of the appropriate clerk of superior court.  In full administration, the clerk of superior court gives authority to a personal representative of the decedent who inventories the decedent’s assets, gives public notice to the decedent’s creditors, pays the valid debts of the decedent, and distributes the decedent’s remaining property to the person(s) who were named as beneficiaries in the decedent’s will, if there is one, or to the person(s) entitled by law if there is no will.
• What are “executors”, “administrators”, “personal representatives”, and “trustees”? Executors, administrators, personal representatives, and trustees are all titles of “fiduciaries”. A fiduciary is someone in a position of trust and authority to manage property for the benefit of another. “Executors” are the fiduciaries appointed under a will and given authority by the court. “Administrators” are the fiduciaries appointed by the court when a person dies without a will. “Personal Representative” is a term used to refer to both executors and administrators. “Trustees” are the fiduciaries appointed under a trust.
• What are “heirs”, “legatees”, “beneficiaries”, and “devisees”?These are the legal terms for persons who receive property from a decedent’s estate or through a trust or through a contract that distributes a decedent’s property at death. Technically, the words mean different things based on the source of the property: “legatees” and “devisees” are people who receive property through a will; “heirs” are people who receive property when there is no will; and “beneficiaries” are people who receive property through a trust or an account or policy where a beneficiary can be specifically named.
• Who makes the court decisions about estate administration? The elected Clerk of Superior Court in each county acts as the probate judge in North Carolina. Elected clerks and their assistant clerks hold most estate hearings and presides over most estate cases. If the validity of a will is challenged in a caveat proceeding, the caveat proceeding will be heard by a Superior Court judge.
• How does a person begin the estate administration process? Persons who wish to hire an attorney to assist with estate administration often do so at this point. Whether you are preparing to meet with your attorney or to administer the estate on your own, there are certain documents to gather and steps to take. (1) Find the Will: Wills are often kept in safe places, such as safes, safe deposit boxes, or locked desk drawers. Wills are sometimes held by the decedent’s attorney. Prior to death, a decedent also may have deposited a will for “safe-keeping” with a clerk of court. Consider contacting the clerk of court in counties where the decedent formerly lived if no will has been found. (2) Obtain The Death Certificate: Formal proof of death is required at various steps in the probate process, and the standard proof is a certified death certificate.(3) Locate and Identify Assets: To the extent possible, a person desiring to administer a decedent’s estate should take steps to locate and identify the decedent’s assets. Keep in mind, however, that a letter of authority from a clerk of court is often required to access information regarding a decedent’s assets. (4) Contact the Clerk of Court: When you are ready to administer a decedent’s estate, contact the Clerk of Court in the appropriate North Carolina county (Where The Property Is Located).
• Where should the estate be administered? The estate of a North Carolina resident may be administered in the county where he or she was domiciled at the time of death. If a decedent was not domiciled in North Carolina at the time of death, the estate may be administered in any North Carolina county in which the decedent left any property or assets or into which any property or assets belonging to the estate may have come. If a nonresident motorist died in any North Carolina county, the estate may be administered in any North Carolina county.
• What are “letters testamentary” or “letters of administration”? Letters testamentary and letters of administration are legal documents issued by the clerk of court that give a person authority to serve as the personal representative of the estate. These “letters” will often be requested by institutions such as banks or insurance companies during estate administration. There are generally two basic types of letters, based on whether the estate is testate (with a will) or intestate (without a will). Testate letters are called “Letters Testamentary” and are granted to an Executor. Intestate letters are called “Letters of Administration” and are granted to an Administrator.
• How do I begin the estate administration process and apply for letters? To formally begin the estate administration process, you will need to visit the clerk of court in the appropriate county. Some clerks of court allow walk-ins, while others require an appointment. You should bring: (1) the will if there was one, (2) a certified death certificate, (3) an application and preliminary inventory of the decedent’s property; and (4) a $120 filing fee. Forms needed may be obtained from the clerk of court’s office or on this website. Filling out the preliminary inventory and application for letters will require a general knowledge of the decedent’s property and the ability to identify the heirs or devisees of the decedent.

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We Buy Probate Homes Near You

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About The Author

Turner Home Team is a real estate solutions company that started off in Greenville, North Carolina. We’re a family-owned business and focus on helping homeowners like you find the best option for them when they need to sell their property.

Justin Turner started The Turner Home Team while he was in college at East Carolina University. He has always been passionate about helping others, which began when he was young. In fact, Justin was a volunteer firefighter during his time in high school. After graduating, he decided to serve his country and enlisted in the United States Army. Once his military service was complete, Justin returned home to use his GI Bill benefits to attend East Carolina University.

While studying at the university, Justin worked as a full-time Real Estate Agent with Tyre Realty Group in Greenville. He excelled in his studies and graduated with top honors, achieving Summa Cum Laude status with a degree in Finance. Justin possesses a keen analytical mind and is skilled at applying logical thinking to even the most emotional situations.

At The Turner Home Team, we are both a real estate investors and licensed real estate agents, we the have flexibility to work with homeowners to find the best solution to sell their home fast and/or for top dollar. We are here to provide you guidance and options that you can then use to decide what option works best for you. Reach out today to find out how our team can help you sell your home. Turner Home Team is a sister company of the Real Estate Agent Branch Turner Realty Team, serving all your traditional Realtor needs.

All Information on this page is sourced from the following websites:

More About the Author/Owner Here: Justin Turner

https://www.zillow.com/profile/justinturner47

https://www.rocketmortgage.com/learn/sold-as-is

https://ncr.flexmls.com/ticket

https://maps.app.goo.gl/JdP6PCWdnVbxRQiv5

https://www.realtor.com/realestateagents/6334565e69cf08c2cf6fd0e7