Updated over 7 years ago on . Most recent reply
How long can probate
How long or how soon am i able to put house under contract if it hasn’t been through probate? if it HAS been through probate , then the process should be just as simple if it were a regular HOME OWNER ??
Most Popular Reply
@Carlos Pena If the home has net been probated yet, you don't know who the eventual owner would be. That's the purpose of probate.
You could put it under contract pending the court issuing the license to sell, but you would be guessing at the outcome of probate.
If you guessed right and put it under contract with the right person, you might beat the crowd of investors and Realtors who market to probates. If you guess wrong, you will have a contract with someone who doesn't own it.
If you go that route, be sure that your contract has language to protect you and that deposits are held in an escrow account. You should use a real estate attorney for this.