Sometimes a question arises, “can you sell a house in probate in Kansas City?” The simple answer is yes you can. But first, you must understand the probate process and steps to selling the property.
Probate is the legal process of distributing the personal property of a deceased individual in accordance with their will and testament.
“Can You Sell a House in Probate in Kansas City?”
Inheriting real estate from a deceased family member happens almost every day. After a person passes, their possessions are passed down to their heirs, beneficiaries, or spouse, depending on whether or not that person had a will.
In the state of Missouri, only estates valued over $40,000 have to go through the full probate process. In the state of Kansas, only estates valued over $20,000 have to go through the full probate process. The entire probate process will take at least 6 months, and all estates are subject to federal gift and estate taxes.
During probate, if the decedent owns a house, the property can be sold to split the proceeds among the surviving family members. If you’re going through probate, here are the steps to selling a house during probate in Kansas City.
5 Steps To Selling A House During Probate In Kansas City
1. Hire an Attorney
Before you do anything, hire an attorney to provide guidance and counsel through the probate and sale process. Do your research before choosing an attorney to ensure he/she has your best interest at heart.
2. Get an Appraisal
Before selling, you need to know the market value of the house. Contact a local appraiser and pay for an as-is appraisal.
3. Get the Court’s Permission
In the state of Missouri, the executor or personal representative of the estate must file an “Application For An Order To Sell Real Property” in order to sell the property. In the state of Kansas, the executor or administrator must file a “Petition To Sell Real Estate” to sell the property.
4. List the House For Sale
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5. Get Approval of the Contracted Sale
In most cases, you’ll need approval from the court before finalizing the sale of the property. Consult with your attorney for more information on the subject matter.
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