When you’re named the personal representative of an estate, it can feel like you’ve been handed a complicated puzzle without the instruction manual. Suddenly, you’re responsible for legal filings, managing debts, and making major decisions about assets, including the family home. Questions about taxes, repairs, and family disagreements can quickly become overwhelming. You don’t have to figure this out alone. This guide is designed to be your roadmap, breaking down the complex world of inherited property sales Arkansas families often face. We’ll cover the legal steps, your selling options, and how to manage the process with clarity and confidence.
Key Takeaways
- Secure Legal Authority Before Selling: An inherited property can’t be sold until the probate court officially grants you permission and the title is transferred from the deceased’s name to yours. This legal step is non-negotiable and must happen first.
- Look Beyond the Sale Price: Your actual profit is reduced by closing costs, ongoing property taxes, and potential capital gains. Be sure to use the “stepped-up basis” rule, which revalues the home at the time of inheritance to significantly lower your tax burden.
- Choose the Right Sale for Your Situation: A traditional agent listing may bring a higher price but takes longer and involves commissions. Selling directly to a cash buyer offers a faster, simpler alternative that lets you sell the home “as-is” without making repairs.
First Things First: What is Arkansas Probate?
What is probate and when is it required?
Probate is the official legal process for handling someone’s estate after they pass away. Think of it as a court-supervised checklist to make sure everything is done correctly. The court confirms the will is valid, identifies all the assets, pays off any outstanding debts, and finally, distributes the remaining property to the rightful heirs. It’s usually required when a person owned property, like a house, in their name alone without naming a beneficiary in a legal document. However, you can sometimes skip probate if the property was held in a trust or was jointly owned. For example, if a child’s name was already on the deed, the process might be much simpler. For more definitions, check out our Probate FAQ.
Your step-by-step guide to the probate process and timeline
The probate journey begins by filing a petition with the court in the county where the deceased person lived. If there’s a will, the court appoints an executor (the person named in the will) to manage the estate. If there’s no will, the court appoints an administrator. The timeline can vary quite a bit. For smaller estates valued under $100,000, the process might take around six to nine months. For larger estates, it’s not uncommon for probate to last a year or even longer. This timeline can feel overwhelming, but understanding the steps is the first move toward a clear path forward. Our estate solutions are designed to help you manage this process more efficiently.
How probate affects your ability to sell
One of the most common questions we hear is, “Can I sell the house right away?” The short answer is usually no. You can’t legally sell an inherited property until the ownership, or title, is officially transferred into your name, and this transfer happens during probate. The court needs to give its approval before a sale can happen. The executor or administrator is responsible for getting this permission, which ensures that the sale is handled properly and that all proceeds are correctly accounted for. This waiting period can be frustrating, especially if you have buyers lined up or need to cover estate expenses. If you’re facing this challenge, it’s important to know your options and get the right support.
What Are the Legal Steps to Sell an Inherited Home?
Selling a home you’ve inherited involves more than just finding a buyer. Because the property is part of an estate, there are specific legal steps you must follow to ensure the sale is valid. Think of it as a roadmap to get you from inheritance to closing day. It might seem complicated, but breaking it down into manageable tasks makes the entire process much clearer. The key is to be organized and understand what the court and potential buyers will require from you.
Gather your essential documents
Before you can even think about listing the property, you need to get your paperwork in order. This is non-negotiable. You’ll need a valid photo ID, a certified copy of the death certificate, and the legal documents from the probate court that prove you have the authority to act on behalf of the estate. You’ll also need to locate the property title and have records showing that all property taxes are current. Having these items ready from the start will prevent major delays down the road. If you’re unsure about any of these documents, our Probate FAQ can help clarify what they are and why they matter.
Understand court filings and approvals
In most cases, an inherited property must go through a court-supervised process called probate. This is how the court validates the will (if one exists) and confirms that assets are distributed to the correct heirs. You generally cannot sell the home until the probate process is complete, which can take several months to over a year. The court needs to grant you the legal authority to sell the property, so patience is key. Working with a knowledgeable attorney can help you manage the necessary filings and approvals efficiently. You can find more information on our attorney information page.
How to get a clear title in your name
You cannot legally sell a house until the ownership, or title, is officially transferred out of the deceased’s name. This transfer is a critical step within the probate process. A “clear title” means there are no outstanding liens, claims, or other issues that could prevent the sale. If there are unresolved debts or disputes tied to the property, they will create a “cloud” on the title that must be resolved before you can sell. We specialize in handling these complexities and can help you find the right estate solutions to clear the title and move forward with the sale.
What Are the Tax Implications of Selling an Inherited Property?
Let’s talk about taxes. The topic can feel overwhelming, especially when you’re already managing the emotional and logistical weight of an estate. But understanding the tax implications of selling an inherited property is a crucial step in making the best financial decision for you and your family. The good news is that it’s usually more straightforward than you might think.
In Arkansas, there are three main types of taxes to be aware of when you sell a home you’ve inherited: capital gains tax, property and transfer taxes, and federal estate tax. Each one works a little differently, and knowing the basics will help you plan accordingly and avoid any surprises down the road. Think of this as your financial roadmap for the sale. We’ll walk through each one so you can feel confident about what to expect. If you have more general questions about the process, our Probate FAQ is a great place to start.
Capital gains tax and the “stepped-up basis” rule
When you sell an asset for more than you paid for it, the profit is often subject to capital gains tax. However, inherited property gets a special tax benefit called a “stepped-up basis.” Instead of the property’s value being based on what the original owner paid for it, its value is “stepped up” to its fair market value on the date of the owner’s death.
This is a huge advantage. For example, if the home was valued at $250,000 when you inherited it and you sell it for $255,000, you would only be taxed on the $5,000 gain. To establish this value, you’ll likely need a formal appraisal. Any selling costs or improvements you make can also be deducted, further reducing your taxable gain.
Arkansas transfer tax and property tax responsibilities
When you sell a property in Arkansas, you’ll encounter the real property transfer tax. This tax is calculated at a rate of $3.30 for every $1,000 of the property’s sale price. So, for a home that sells for $200,000, the transfer tax would be $660. This is typically paid at closing when the deed is recorded.
It’s also important to remember that you are responsible for paying the annual property taxes from the moment you inherit the home until the day it’s sold. Arkansas has one of the lower average property tax rates in the country, but it’s a recurring expense you’ll need to budget for. You can find more information on the official Arkansas Department of Finance and Administration website.
What to know about federal estate tax
Many people worry about estate taxes, but the reality is that very few estates are actually required to pay them. First, it’s important to know that Arkansas does not have a state-level estate or inheritance tax, which is great news.
On the federal level, the estate tax only applies to very large estates. For 2024, the federal exemption is over $13 million per individual. This means that unless the total value of the estate is above this high threshold, you won’t owe any federal estate tax. For the vast majority of families, this tax simply isn’t a factor. If you believe the estate might exceed this limit, it’s best to consult with a tax professional for guidance.
Common Challenges When Selling an Inherited Home
Selling a home is always a significant undertaking, but when the property is inherited, it comes with its own unique set of emotional and logistical hurdles. You’re not just dealing with a real estate transaction; you’re managing a piece of your family’s history, often while grieving. It’s completely normal to feel overwhelmed by the process. From family disagreements and unexpected repairs to legal snags you didn’t see coming, the path to a successful sale can feel complicated. Let’s walk through some of the most common challenges you might face and how you can handle them with confidence.
How to manage disputes among heirs
When a property is left to multiple people, it’s common for disagreements to arise. You and your siblings or other heirs might have different ideas about the selling price, the timing, or even whether to sell at all. The key is open communication and trying to reach a consensus. If discussions become difficult, bringing in a neutral third party can be incredibly helpful. A real estate attorney with experience in probate can mediate disputes and ensure the process moves forward fairly for everyone involved. The goal is to find a solution that honors your loved one’s wishes while respecting each heir’s perspective.
What to do about property condition and repairs
Inherited homes often haven’t been updated in years and may require significant repairs. It can be tough to know where to start or what fixes will provide the best return on your investment. A professional home inspection is a great first step to get a clear picture of the property’s condition. From there, you can decide which repairs are essential and which are cosmetic. If the cost and effort of renovations feel overwhelming, remember you have other options. Many families choose to sell the home “as-is” to a cash buyer, which can simplify the process and provide a faster closing without the stress of managing repairs.
Handling outstanding debts, liens, and mortgages
Before you can sell the property, any outstanding debts attached to it must be settled. This includes the remaining balance on a mortgage, home equity loans, or any liens placed on the property for unpaid debts or taxes. You’ll need to contact the mortgage lender to understand the status of the loan; they often pause payments during probate, but interest can still accrue. You can check for any liens by contacting the local county clerk’s office. These debts are typically paid from the estate’s assets during the probate process, clearing the way for the sale. Our Probate FAQ can help you understand these terms better.
Solving title issues and other legal complications
You cannot legally sell a property until the ownership, or title, is officially transferred into your name. This transfer is a key part of the probate process. However, sometimes issues can “cloud” the title, such as unresolved claims, boundary disputes, or unpaid property taxes. These complications can delay or even prevent a sale. A title search will uncover any of these problems, and a qualified real estate attorney can help you resolve them efficiently. Getting a clear title is a critical step that ensures the new buyer receives the property free and clear of any past legal claims, giving everyone peace of mind.
Your Options for Selling an Inherited Property
Once you’re cleared to sell an inherited property, you have a few different paths you can take. Each one comes with its own set of pros and cons, and the right choice really depends on your family’s unique situation. Are you aiming to get the highest possible price, even if it takes a few months? Or is your priority a fast, simple sale that allows you to close the estate and move on?
Consider the property’s condition, the estate’s financial needs, and how much time and energy you and other heirs can realistically commit to the process. A home that’s in pristine condition might be a great candidate for a traditional sale, while a property needing significant work might be better suited for a direct sale. Understanding your options upfront will help you make a confident decision that honors your loved one’s legacy and serves the best interests of the heirs. Below, we’ll walk through the most common ways to sell an inherited home in Arkansas.
Listing with a traditional real estate agent
This is the route most people are familiar with. Hiring a real estate agent means you have a professional in your corner to guide you through pricing, marketing, staging, and negotiating with potential buyers. They have access to the Multiple Listing Service (MLS), which gets your property in front of a wide audience. This approach often yields the highest sale price. The main drawback is the cost. Agent commissions typically run between 5% and 6% of the final sale price, which can be a significant amount. The process can also take several months, from listing to closing, which may not be ideal if you need to settle the estate quickly.
Selling the home yourself (FSBO)
If you’re willing to take on a more hands-on role, selling the home yourself—known as For Sale By Owner, or FSBO—can save you a lot of money. By cutting out the seller’s agent, you avoid paying that 2.5% to 3% commission. However, this means you are responsible for every step of the process. You’ll need to research comparable properties to set a fair price, take high-quality photos, market the listing online, schedule and host showings, and handle all the negotiations and paperwork. This path requires a significant investment of time and effort, but for those who are up for the challenge, the savings can be substantial.
Working with a cash buyer for a direct sale
For many families navigating probate, a direct sale to a cash buyer is the simplest and fastest option. Cash buyers purchase properties directly from you, often in a matter of days or weeks, because there are no lenders or lengthy mortgage approvals involved. This speed and certainty can be a huge relief when you’re trying to settle an estate’s debts and distribute assets to heirs. While the offer may be below full market value, you skip the stress of repairs, showings, and negotiations. At My Arkansas Probate, we provide estate solutions that include connecting you with a network of trusted cash buyers who can make a fair offer and close on your timeline.
Selling “as-is” to avoid repair costs
Inherited properties often come with a long list of deferred maintenance or need significant updates. The thought of managing and funding a major renovation can be completely overwhelming, especially when you’re grieving. Selling a home “as-is” allows you to bypass this entire process. It means the buyer agrees to purchase the property in its current condition, warts and all. You won’t have to spend a dime on repairs, painting, or even cleaning out the property. This is an incredibly practical solution for homes that are outdated or in poor condition, and it’s an approach that most cash buyers are very comfortable with, making it a low-stress path forward.
How to Value Your Inherited Property
Determining the value of an inherited property is one of the most important first steps you’ll take. An accurate valuation sets the stage for everything that follows, from calculating taxes to deciding on a fair sale price that all heirs can agree on. It’s not just about picking a number; it’s about understanding the property’s true market worth so you can make informed decisions for your family. This process involves more than a quick online search—it requires a clear understanding of different valuation methods and the specific factors that impact property values right here in Arkansas.
Getting this right from the start helps prevent future disagreements and ensures you’re meeting all your legal and financial obligations. When emotions are running high, having a clear, objective number to work from can be a grounding force for everyone involved. It helps shift the conversation from subjective feelings about the home to a practical discussion about the best path forward. Let’s walk through the key ways to value your property and what you need to consider.
Professional appraisal vs. comparative market analysis
When you start looking into your property’s value, you’ll hear two terms come up often: appraisal and comparative market analysis (CMA). While they sound similar, they serve very different purposes. A professional appraisal is a formal valuation conducted by a licensed appraiser. This is the value you’ll need for tax purposes, as it establishes the home’s fair market value at the date of the original owner’s passing. This figure is essential for calculating the “stepped-up basis” we discussed earlier.
A comparative market analysis, or CMA, is prepared by a real estate agent. It’s a tool to determine a competitive listing price by comparing your home to similar properties that have recently sold in the area. Think of it this way: the appraisal is for the IRS, while the CMA is for the market.
Factors that influence Arkansas property values
Several local factors can affect how much your inherited property is worth. Beyond the obvious things like location and size, you need to account for the costs of selling. In Arkansas, closing costs can run between 8% and 10% of the sale price. You’ll also need to factor in property taxes and any potential real estate agent commissions.
The property’s condition is another major influence. A home that needs significant updates or repairs will naturally be valued lower than one that’s move-in ready. It’s often a good idea to get a home inspection to uncover any hidden issues. Understanding these potential costs and condition-related adjustments will give you a much more realistic picture of the property’s net value and help you decide on the best path forward with our estate solutions.
When to get a second opinion on value
If you’re handling the estate with siblings or other heirs, disagreements over the property’s value are common. One person might have an emotional attachment and overestimate its worth, while another might want a quick sale and undervalue it. When consensus seems out of reach, getting a second opinion can be a game-changer. This might mean getting a CMA from a different real estate agent or even commissioning a second appraisal to provide an objective, third-party perspective.
If you’re still at a standstill, it may be time to consult a professional. A real estate attorney or a probate specialist can help mediate the discussion and provide clarity. You can find trusted professionals through our attorney information resources to help guide your family toward an agreement.
How to Prepare the Property for Sale
Getting an inherited property ready for the market can feel like a huge task, especially when you’re also managing grief and other estate responsibilities. The key is to break it down into manageable steps. Your main goals are to decide on the property’s condition, gather your paperwork, and choose a selling strategy that fits your family’s needs. Whether you plan to make updates or sell the home as-is, a clear plan will make the entire process smoother. This preparation phase is crucial for attracting the right buyers and ensuring a successful, timely sale that honors your loved one’s legacy.
Decide on essential repairs and improvements
One of the first decisions you’ll face is whether to invest in repairs or sell the property as-is. Making significant renovations could increase the home’s market value, but those costs come directly out of the estate’s funds before you see any profit. If the house has major issues, it might be tougher to sell on the traditional market. A good first step is to get a home inspection to understand what repairs are truly necessary versus cosmetic. This report gives you a clear picture of the home’s condition and helps you decide if the investment is worthwhile or if exploring estate solutions like a direct cash sale is a better path.
Know your documentation and disclosure requirements
In Arkansas, you are legally required to provide a seller disclosure form, which informs potential buyers about the property’s condition. It’s always best to be transparent about any known issues, such as structural problems, plumbing leaks, or lead paint. Honesty protects you legally and builds trust. Before listing, you’ll also need to gather several key documents, including proof of your authority to sell from the probate court, the death certificate, property title records, and recent property tax statements. Having this paperwork organized will prevent delays once you find a buyer. If you have questions about these documents, our Probate FAQ can offer more clarity.
Marketing strategies that work for inherited homes
You have a few different paths you can take to sell the property. You could list it with a traditional real estate agent, but be sure to find someone with experience in probate sales who understands the local market. Another option is selling it yourself (For Sale By Owner, or FSBO), which can save you money on agent commissions but requires you to handle all the marketing, showings, and negotiations. For many families, the simplest and fastest route is working with a direct cash buyer. This approach allows you to sell the home “as-is” without making any repairs, paying agent fees, or waiting for a buyer’s financing to be approved.
What to Expect: Timelines and Costs
Selling an inherited property involves more than just finding a buyer; it comes with its own schedule and set of expenses. Understanding these from the start can help you plan better and reduce stress during an already difficult time. Let’s walk through a realistic breakdown of the timelines you can anticipate and the costs you’ll need to budget for as you move through the process in Arkansas.
Typical timeframes for different sale methods
The biggest factor influencing your timeline is the probate process itself. In Arkansas, probate can take anywhere from several months to over a year to complete. You generally must wait for the court to grant you the authority to sell the property, which means you can’t rush this initial phase.
Once you have the green light, the selling method you choose will determine the next steps. Listing with a real estate agent typically adds another two to three months for marketing, showings, negotiations, and closing. If you need to move more quickly, working with a cash buyer can significantly shorten this period. A direct sale can often be completed in just a few weeks, allowing you to bypass the lengthy process of a traditional market listing. Our Estate Solutions can connect you with immediate cash buyers to help you close on your schedule.
Closing costs and fees to budget for
It’s easy to focus on the sale price, but it’s just as important to prepare for the costs involved in selling the home. In a typical Arkansas real estate transaction, you can expect closing costs to be between 8% and 10% of the final sale price. This figure usually includes a variety of fees, such as title insurance, escrow fees, and state transfer taxes.
If you hire a real estate agent, their commission will likely be your largest expense, usually around 5% to 6% of the sale price. It’s a good idea to get a detailed estimate of all potential costs upfront so there are no surprises. You can find definitions for many of these terms in our Probate FAQ to help you feel more prepared for the conversations ahead.
How to manage expenses during the probate process
While the estate is in probate, the property still needs to be maintained, and those costs fall to the estate. As the personal representative, you’ll be responsible for managing ongoing expenses like mortgage payments, property taxes, homeowners insurance, utilities, and any necessary upkeep or repairs. These holding costs can add up quickly, especially if the probate process is lengthy.
One of the first things you should do is contact the mortgage lender. Some lenders may offer a temporary pause on payments during probate, but be aware that interest will likely continue to accrue. Creating a simple budget for these carrying costs can help you stay organized. The longer the property remains unsold, the more it will cost the estate, which is why finding a swift and simple sale solution can be so beneficial. If you’re feeling overwhelmed by these expenses, please contact us to discuss your options.
Who Can Help You Through the Process?
Selling an inherited property can feel like a huge undertaking, but you don’t have to manage it alone. Assembling a team of trusted professionals is one of the smartest moves you can make. The right experts can guide you through the legal requirements, financial complexities, and real estate market specifics, turning a potentially stressful process into a manageable one. Think of it as building your personal support system to handle each step with confidence.
Your team will likely include a probate attorney to handle the court process, a real estate professional who understands the nuances of selling inherited homes, and a tax advisor to help with the financial implications. Each person plays a distinct and vital role in ensuring a smooth and successful sale. Finding people with specific experience in probate is key, as these sales come with their own set of rules and timelines. At My Arkansas Probate, we specialize in connecting you with the right people for your unique situation. Our estate solutions are designed to provide you with a network of vetted professionals, so you can focus on what matters most to your family.
When you need a probate attorney
Most inherited properties in Arkansas must go through a court-supervised process called probate. This legal procedure validates the will and ensures all assets are distributed to the correct heirs. You can’t sell the house until probate is complete, a process that can take several months or even a year. A probate attorney is your guide through this entire journey. They handle court filings, notify creditors, and make sure every legal box is checked. Having an experienced lawyer on your side is essential for preventing costly delays and ensuring the sale is legally sound. We can help you find qualified attorney information to get you started.
How to choose real estate professionals with probate experience
Not all real estate agents are equipped to handle an inherited property sale. You need someone who understands the specific legal timelines and documentation required by the probate court. When looking for an agent, prioritize those with a proven track record of selling inherited homes in your area. Check their reviews and ask for references. A great agent will not only know the local market but will also be patient and compassionate, understanding the emotional weight of the situation. They should also be flexible with their contract, allowing you to part ways if you’re not satisfied. Finding the right fit makes all the difference in getting the best outcome.
Finding tax advisors and estate planning guidance
The financial side of selling an inherited home can be tricky. Questions about capital gains, inheritance tax, and other liabilities are common, and the answers can significantly impact your net proceeds. This is where a tax advisor or financial planner comes in. They can help you understand the tax implications and plan accordingly. For instance, they can explain the “stepped-up basis” rule, which can save you a lot of money on taxes. If you have questions, our Probate FAQ is a great resource. A financial expert can also provide guidance on estate planning to help your own heirs avoid a lengthy probate process in the future.
How to Make the Best Decision for Your Family
Deciding what to do with an inherited property is more than just a financial transaction—it’s a deeply personal process that affects your entire family. It’s about honoring a loved one’s legacy while also making a choice that works for everyone involved, both financially and emotionally. This decision often arrives during a time of grief, making it even more challenging to think clearly about logistics and long-term consequences. Taking the time to carefully weigh your options, communicate openly with family members, and seek the right guidance can make all the difference. This approach helps ensure the path you choose is one that feels right for your unique situation and brings peace of mind during a challenging time. It’s about moving forward with confidence, knowing you’ve considered every angle.
Evaluate your financial situation and goals
Before making any moves, it’s important to get a clear picture of the numbers. Selling an inherited home in Arkansas comes with costs you’ll want to plan for, including closing costs, property taxes, and real estate agent commissions, which can add up. You also need to consider potential capital gains tax if the home’s value has increased since your loved one passed away. Take a moment to think about your family’s goals. Do you need the money from the sale for other expenses? Would keeping the property as a rental make more sense? Understanding the full financial scope helps you make a practical, informed choice that aligns with your long-term objectives and avoids any surprise expenses down the road.
Consider family dynamics and agreements
When multiple heirs are involved, things can get complicated. It’s common for family members to have different ideas about whether to sell, when to sell, or for how much. These disagreements can add stress to an already emotional time. The best way to handle this is through open and honest communication. Make sure everyone has a chance to share their thoughts and feelings. It can be helpful to agree on a single person to make the final decisions or to explore creative solutions, like one heir buying out the others’ shares. If discussions become difficult, consulting with a neutral professional can help mediate and find common ground. Putting a clear plan in place early on can prevent misunderstandings and help your family move forward together.
Let My Arkansas Probate Guide You
You don’t have to figure all of this out on your own. The probate process itself can take months, sometimes even a year, and involves specific legal steps before you can sell a property. Having an expert in your corner can simplify the entire experience. At My Arkansas Probate, we specialize in helping families with the real estate side of estate solutions. We can connect you with immediate cash buyers, help you understand your options, and provide the resources you need to make the process faster and easier. If you’re feeling overwhelmed by the decisions ahead, please reach out to us. We’re here to offer the support and clarity you need to make the best decision for your family.
Related Articles
- How to Sell Inherited Property in Arkansas
- Selling Inherited Property in Arkansas: Your Step-by-Step Guide
Frequently Asked Questions
What if I can’t afford the upfront costs of probate or the home’s ongoing expenses? This is a very common and completely valid concern. The good news is that you have options. Many of the legal fees associated with probate can be paid from the estate’s assets once the property is sold, so you may not need to pay everything out of your own pocket. As for the ongoing costs like the mortgage, taxes, and insurance, selling the home quickly can be the best solution. A direct sale to a cash buyer can close in a matter of weeks, which stops those bills from piling up and provides the funds needed to settle the estate.
What is the absolute fastest way to sell an inherited home? The probate process itself has a timeline that can’t be rushed, as it’s managed by the court system. However, once you have the legal authority to sell, the quickest path by far is a direct sale to a cash buyer. Because these buyers don’t rely on traditional bank financing, they can close the deal in as little as a few weeks. This approach allows you to bypass the months it typically takes to list a home, host showings, negotiate with buyers, and wait for their mortgage approval.
Do I have to clean out all of my loved one’s belongings before I can sell the house? The emotional and physical task of clearing out a lifetime of possessions can be one of the most difficult parts of this process. If you choose to sell with a traditional real estate agent, you will likely need to declutter and stage the home. However, if you sell the property “as-is” to a cash buyer, you can often leave everything behind. You can take the items that are meaningful to you and your family and leave the rest for the buyer to handle, which can be a tremendous relief.
What happens if there’s no will or if family members disagree on what to do with the property? If a person passes away without a will, Arkansas state law determines who the legal heirs are and how the assets are divided. This is known as dying “intestate.” When it comes to disagreements among heirs, it’s important to remember that this is very common. The best first step is to hire a probate attorney who can mediate the discussions and ensure that every decision is made according to legal requirements. Their job is to provide an objective perspective and guide the family toward a fair resolution that the court will approve.
Will I get a fair price if I sell to a cash buyer? It’s important to be realistic about what a “fair price” means in this context. A cash offer will likely be lower than the top market value you might get from a traditional sale after making repairs and waiting for the perfect buyer. However, you have to weigh that against the significant savings you gain. You avoid paying for costly repairs, real estate agent commissions, and months of holding costs like taxes and insurance. For many families, the speed, certainty, and convenience of a cash sale result in a net outcome that is well worth it.