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Sell My Parents House in Long Island NY

Written by Posted On Wednesday, 27 December 2017 15:39

Dealing with the death of a loved one is difficult.

 

If you have inherited a home from your parents, you’ll be faced with a tough decision regarding what to do with the property. Aside from that, you’ll have to navigate your way through financial and emotional issues.

 

Once you have decided that selling your parents’ house in Long Island NY is the right step, you will need to know how to handle the process.

 

Start by making sure that  all the estate’s legalities are in order

 

Before anything else, you must ensure that the estate’s legalities are in order. If your parents have named an executor in a last will and testament, this is relatively straightforward. The executor of a deceased person’s will is responsible for winding up the deceased’s estate and carrying out the terms of their will.

 

If your parents owned property in their sole name, a grant of probate will be required to enable the executor to sell the property. The grant is a form of certificate issued by the court that confirms the validity of the will and gives the executor authority to deal with the deceased’s estate.

 

Do you have to wait for the grant of probate before selling your parents house?

 

The answer is yes. The grant of probate is necessary because it shows the legal chain of ownership from the person who owned the house to the person who wishes to sell it. The executor, despite being named in the will, has no power to sell until the grant is issued.

 

However, this does not mean that the property cannot be marketed while waiting for the grant of probate. So how do you prepare for the sale?

 

Clean out personal belongings

 

This step can be an exhausting ordeal. It is emotionally challenging to go through your parents’ most personal belongings as they tend to bring back memories of the past.

 

To avoid being emotionally and physically drained, you need to divide the labor. Don't hesitate to ask for a hand from close family members or friends.

 

Secure all key financial documents

 

While digging through every single closet, drawer, and container make sure to locate all important financial documents. Carefully check each item before throwing away any paper. Put aside your parent’s will, trusts, and addenda; life insurance policies and statements, real estate deeds and titles; recent bank statements (you can get older ones electronically); stock certificates; 401(k) records; tax returns and receipts necessary for filing next year's income tax return.

 

Choose the right probate real estate agent

 

While it’s often tempting to choose an agent based on who you know, enlisting the services of friends or family members to coordinate the sale of an inherited home is probably not the best idea.  

 

A probate real estate sale is entirely different from a traditional home sale. You need the help of a professional who understands the probate process.

 

That would be me, Rene Perrin. I can best assist you in selling your parents home in Long Island NY.

 

I understand how important it is to take the pressure off mourning families, especially those who live interstate. My goal is to provide my clients with expertise and efficiency they can’t get anywhere else.

 

Don’t hesitate to contact me at 516-802-3785. I can provide you with more information regarding the sale of your parents’ home.

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René Perrin

René Perrin | Remax Central Properties | 341 Newbridge Road, East Meadow, NY 11554 |  516-802-3785

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