Understanding the Probate Process in Illinois: What You Need to Know Before Selling a Property

  The probate process can be confusing and overwhelming, particularly when you inherit property that you need to sell. If you're navigating probate in Illinois, understanding how it works and the steps involved in selling property during probate is crucial. Whether you're an executor of the estate, an heir, or simply looking to liquidate property quickly, this guide will break down the key aspects of probate in Illinois and what you need to know before selling a property. What is Probate and Why Does it Matter in Illinois? Probate is the legal process of administering a deceased person's estate, which includes verifying their will, paying debts, and distributing assets. In Illinois, probate is handled by the circuit court in the county where the decedent lived. The probate process can be lengthy, sometimes taking a year or more, depending on the complexity of the estate. When someone passes away, their assets, including any real estate, must go through probate unless the pr...
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How to Properly Run the Numbers When Selling Your House in Belleville

 

Ready to find out what the numbers add up to for you? When you are reckoning the numbers on the best way to sell your house, it is essential to understand everything. So that you can rely on the results, you’ll need to know how to properly run the numbers when selling your house in Belleville 

Monthly Expenses

While your house is on the market, the monthly utilities and other expenses such as mortgage payments, insurance, maintenance, and repairs continue to roll in. Take into account these holding costs when you run the numbers when selling your house in Belleville. 

Working with a real estate agent means that you need to include the monthly expenses and costs of holding the property for at least the average time their listings are on the Belleville MLS. 

Working with a professional investor who understands time is costing you money means you won’t be waiting long. They have cash in hand and can guarantee a very speedy closing, many in a matter of days.

Repair Costs

Unless your house is brand new, it is highly likely that you are facing repairs, even if you don’t know about them yet. A professional inspector may find nasty and expensive issues during an inspection, and this is another reason you should know how to run the numbers when selling your house in Belleville.

Working with a real estate agent means either making the repairs before the sale is closed or facing deductions for buyers’ repairs. Most homes that need work when listed on the Belleville real estate market typically receive insultingly low offers.

Working with a professional investor means that everything will be laid out clearly from the start, including a deduction for any repairs they will be making because they will be buying the home as-is.

Commissions

It is crucial to understand how much you will pay in commissions and other fees when you run the numbers, so you know exactly how much money to expect at closing when selling your house in Belleville.

Working with a real estate agent typically means you will be paying around six percent of the total sales price in commissions. Of course, there will likely be other professional fees and expenses coming out of your pocket before the sale, such as closing costs and the like.

Working with a professional investor means that you skip all of the red tape, commissions, and fees. Remember to add these figures into your numbers when considering the offer. 

Decide

Will listing your home be worth it? There is only one way to find out how all of the determining factors add up. You need to have all of the data plugged in to get the correct answer when you run the numbers when selling your house in Belleville 

Working with a real estate agent may gain you much more profit, given your home’s condition and the time and finances you have available.

Working with a professional investor means no waiting, no guessing about what the inspector will find. A bonus is that you don’t have to concern yourself with the headaches and all the expenses of getting ready for showings.

Choose what’s best for you! The professional hybrid agent investors at Cardinal Creek Properties can offer you BOTH options. At Cardinal Creek Properties, we will run the numbers and go through everything in detail. Our goal at Cardinal Creek Properties is to inform you of every step of the process with complete transparency. Cardinal Creek Properties our job is to make sure you feel confident in your decision when selling your house in Belleville. Contact Cardinal Creek Properties at (314) 467-8137 today!

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