The Trusted Home Buyer Logo602-456-4440

Can a House Be Sold While in Probate in Phoenix AZ?

a person smiling for the camera

Martin Boonzaayer

December 4, 2019

Probate is the process of reassigning the property to the beneficiaries after the person dies. Sometimes when someone passes, they leave behind the property to their loved ones. However, at times the last will or the Testate is left behind by the person; 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. Sometimes a question arises, “can a house be sold while in probate in Phoenix, AZ?“ The answer is that it can be sold, if simple steps are followed properly. As real estate investors in Phoenix, AZ, The Trusted Home Buyer advises sellers to go through the following steps and suggests other investors check the procedures when they buy property on probate period in Phoenix.

Can a House Be Sold While in Probate in Phoenix, AZ? Yes, but Make Sure To Follow These Steps First!

Property Appraisal

With the help of an independent certified appraiser, a property can be appraised. You can quickly look for the appraiser in the local phone book or look after the real estate agent for recommendations. So as real estate investors, we look to buy property on probate in Phoenix, AZ, that has already sought property appraisal.

Typically a property appraisal in Phoenix, Arizona, costs, on average, $343 (Home Advisor). Here are some examples:

Can a House Be Sold While in Probate in Phoenix AZ?

Obtain the Petition

When you are in the process of selling the property during the probate period, you have to seek probation from the court. So fill up the petition form and provide all the details related to the sale of the property in Phoenix, along with mentioning the sale methods. 

Then, with the help of the independent appraisal, fill out the form and wait for approval from the court to sell your property.

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 a petition. 

Here is the official site if you are wondering where to get probate forms for Phoenix, AZ.

Place your Property for Sale

The next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court, as it is on probate.

Generally, real estate investors only buy the property after seeking a court petition. However, if your property matches these conditions, then we might be able to take it off your hands.

Wait for Court Confirmation

As a buyer, you must wait for the court to confirm the sale of your property in Phoenix. You have to wait, depending on the pressure of the state court. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make an arrangement and take 10 percent of the price from the buyer before the date of hearing from the court. As investors, we tend to ensure that the seller seeks the court for confirmation soon.

Advertise in Local Newspapers

Inform about the sale and advertise it in local newspapers. This is done to inform the public about the property sale during the probate period. It also allows open bidding for other interested people so that the property gets the best price. So if you are seeking to buy property on probate period in Phoenix, you can bid in the court hearings. We often know of good property on probate through the local newspapers.

Attend the Hearing

Attend the hearing of the court. This is the place where bids are made, and buyers and real estate investors come for bidding. After the final agreement is done, the cashier's check is given to the court after the bid is confirmed. If there is a new buyer, refund the previous buyer's money and take the buyer's deposit after the court has confirmed. We tend to always pay some money as a deposit of the original price to the court after the contract has been confirmed.

So after this, you can complete the contract with the buyer after the above-written steps. Real investors look for property that follows all the procedures and abides by the court's rules.

Explore more

December 21, 2023
Should You Sell Your Home During The Holidays? 

The holiday season is often associated with warmth, joy, and celebrations. While many homeowners might be hesitant to put their homes on the market during this festive time, selling your home during the holidays can actually be a strategic move. In this blog post, we'll explore the benefits of selling your home during the holidays […]

Read More
December 8, 2023
Pros and Cons Of Selling Your House 

Selling your house is a significant decision that comes with both excitement and challenges. Whether you're looking to upgrade, downsize, or relocate, understanding the pros and cons of selling your house is crucial for making informed decisions. In this blog post, we'll explore the various aspects of selling your home to help you navigate the […]

Read More
December 8, 2023
10 Must-Have Upgrades For Your Home in 2023

If you ever wanted to upgrade your home in a smart way, then 2023 is going to be the year for you! With the latest technologies and designs, there are so many ways you can update your living space. From smart appliances that make life easier to energy-efficient lighting fixtures that save money, these must-have […]

Read More
November 10, 2023
10 Ways To Sell Your House in AZ

Selling your house in Arizona can be a challenging task, given the competitive real estate market and diverse buyer preferences. To ensure a swift and profitable sale, it's crucial to adopt effective strategies tailored to the unique characteristics of the Arizona market. In this blog post, we'll explore ten proven ways to sell your house […]

Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer

4.8 68 reviews