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How to sell a probate house when siblings disagree - https://alnproperties.com/

https://alnproperties.com/<br>Are you the executor of a will and in charge of selling a probate house on Long Island? If so, this is most likely a challenging time in your life. <br><br>Trying to sell a probate house when everyone in agreement is the most ideal scenario. In this case you simply need to get the probate property appraised, and then put it up for sale. <br><br>Unfortunately, sometimes siblings who are set to inherit a home are not on the same page. This can make selling a probate home very challenging. Watch this slideshow for 3 options that are available when siblings are in disagreement.

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How to sell a probate house when siblings disagree - https://alnproperties.com/

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  1. How to sell a probate house... When siblings disagree

  2. ALNProperties.com | (516) 331-1090 Losing a loved one is always difficult. When siblings are in disagreement over how to handle inherited real estate things are even harder. In our business, we get lots of questions around what to do when beneficiaries are not on the same page.

  3. ALNProperties.com | (516) 331-1090 The basic probate process • The “last will and testament” details how the deceased person’s property and possessions should be distributed to the beneficiaries. • Probate is the legal process by which the will is validated. • The “executor”, who is generally appointed by the deceased, is responsible for administering the estate in accordance with the will

  4. ALNProperties.com | (516) 331-1090 How to sell a probate house on Long Island • We recommend that you hire an experienced probate attorney to handle the legal proceedings and provide consultation. • The executor must file the will and probate petition with the court to obtain the right to administer the estate. • Next, the executor must get the probate house appraised to determine fair market value...then the house can be sold.

  5. ALNProperties.com | (516) 331-1090 Some siblings do not want to sell, what are our options? • Whoever wishes to keep the property may buy-out the other sibling’s interest. • If the “keepers” are not able to secure third party financing, the “sellers” can accept a promissory note and get paid in monthly installments. • If all else fails, a partition action can be filed forcing the sale of the inherited house, in which case the proceeds will be divided up among the beneficiaries.

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