What happens when you inherit a house in North Carolina?

Having a loved one pass is one of lives most unexpected events. We are never ready to say good-bye and to have to handle our loved ones’ assets and liabilities after their passing is a task that the majority of people don’t even know where to begin. There are probably a ton of questions running through your mind, where is the Will? Wait, is there a Will? What happens if there isn’t one? What happens to the house? How long will this take? Creditors are calling trying to collect payment. Cousins that you haven’t heard from in 15 years are trying to collect the $1,000 that they’re saying that was never paid to them from 10 years prior. As difficult as this situation can be, Helpful Homes is here to provide you peace of mind throughout the process. We understand that everyone’s circumstances are unique, we are here to listen and provide solutions to each case. You can sleep easy at night knowing that you chose the right real estate professionals to purchase your newly inherited home. So where does the difficulty come from selling an inherited house in North Carolina?

Exactly what happens when you inherit a house?

When you inherit a home in North Carolina, you will most likely have to go through some form of probate. You will soon hear new terminology, “estate”, “personal representative”, “right of survivorship”, etc. Don’t worry, it was all a bit overwhelming for us too when we did our first case but it’s rather simple.  Those that have smaller estates can be administered by use of filing an affidavit and larger estates have to go through Summary Administration. The length of this process depends on the estate, we have seen estates wrap up within 4 to 6 months and some have taken over a year. We have attorneys that have 20+ years of experience in this process to make it that much easier for you. No matter how long the process takes, Helpful Homes will be there with you along the way. For a more in-depth breakdown of the probate process, please click here.

Not only do you have your case going through the court system, you now have your loved ones’ home that has fallen into your lap and it has turned into a liability for you more than an asset. If the home is vacant, you have to make sure the property is secured from any intruders from entering the property to burglarize or you might even find squatters on your property. (A squatter is a person who occupies a piece of property with no legal claim to the property.) To remove squatters out, you’ll have to go through a formal eviction proceeding, this is the same eviction proceeding that has to be done if you had tenants. Let me not forget to mention you might have inherited tenants that you’re responsible for now. They’re calling you at 8 PM at night to tell you their pipes froze, now they don’t have any running water. Sounds like fun, huh?

We understand this process is already a rollercoaster of emotions. You want to be able to mourn in peace and continue on with life. Helpful Homes is here to provide you solutions. We will help you with your particular situation and create a win-win scenario for both sides. You will not have to pick up one screwdriver to fix the home, you will not have to evict the squatters or worry about tenants. We will absorb those problems and present you with a cash offer for your property and close as quickly as the judge gives the probate approval. We at, Helpful Homes, will do our best effort to assist you and your family through this time and help you throughout the entire process.

If you are considering selling your North Carolina inherited house now or in the next few days or months, please call one of our real estate experts. He or she will come in extremely handy to help make the process as simplified as possible. Give Helpful Homes a call now at 336-850-3985 or click the link below to fill out our form.

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Probate, North Carolina, House, Real estate, heirs, inherited, Will, assets, liabilities,