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Updated about 10 years ago on . Most recent reply

User Stats

47
Posts
6
Votes
Jake Engle
  • Real Estate Broker
  • Pennsburg, PA
6
Votes |
47
Posts

The probate process

Jake Engle
  • Real Estate Broker
  • Pennsburg, PA
Posted

I am in the process of accumulating probate files that have property attached to them. I have everything figured out as far as I have the administrators phone number and addresses. My main question I have about the process is, how quickly can a property involved in probate be sold? I have read that it takes over 6 months typically before the properties are typically sold. I am in the state of Pennsylvania, so not sure if that would change the answer or not. I really feel that I could successfully market to these leads, but I just want to fully understand the process before doing so. Thanks in advance for any assistance or input you could provide.

Most Popular Reply

User Stats

322
Posts
238
Votes
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
238
Votes |
322
Posts
Stephen Barton
  • Real Estate Agent
  • Indianapolis, IN
Replied

@Jake Engle it may vary by state but in Indiana if you make an offer to purchase from the estate your offer must go before the court. I have read in some cases(be sure to read all of the case information that the court will only allow the property to be sold for "fair market value." There goes my chances. But they do not all say that and it may be a case by case basis. Contact @Sharon Vornholt who is one of the leading authorities on this subject!

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