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...

5 Costs To Expect With A Traditional Sale of Your Belleville House

 

If you want to make an educated decision about which sales method is best for your home and your situation, it’s best to compare all of your options. So read on as we explore five costs you can expect with a traditional sale of your Belleville house.

Prepping

You should expect to spend around one percent of the home’s sales price on prepping costs with a traditional sale of your Belleville house, depending on the home’s condition and how outdated the home’s decor and style may be. However, suppose significant renovations are in the works to bring the property more in line with the demands of today’s buyers. In that case, you may be spending tens of thousands to bring the highest potential profit from the property. However, you can skip all the expenses, work, and time spent prepping by selling directly to a local professional home buyer like those at Cardinal Creek Properties. You won’t even pay any commissions.

Marketing

Marketing is required to bring buyers to your door and is another cost you can expect with a traditional sale of your Belleville house. However, there’s no need to pay the fees to professional stagers, photographers, or videographers to meet the demands of the digital online real estate marketplace when you sell directly to a professional home buyer like those at Cardinal Creek Properties. In addition, selling directly to Cardinal Creek Properties alleviates the constant pressure of keeping your home tidied up perfectly at all times. As a result, you can start enjoying your evenings and weekends again, leaving everything where it is until moving day, bypassing showings, and having to rush your family and pets out the door.

Holding

The costs of owning the property that continue to roll in monthly and any unexpected repairs, referred to as holding costs, can add up quickly with a traditional sale of your Belleville house. At the same time, your initial targeted profits dwindle. By selling directly to a professional home buyer, like those at Cardinal Creek Properties, your guaranteed closing can be within a few weeks or less, ending the slow leak of funds in holding costs. Ask about the flexibility Cardinal Creek Properties has with the closing date, should there be a specific calendar day that works best for you!

Contingencies

Repair costs can come into play with a traditional sale of your Belleville house, which is why so many sellers dread the inspection phase of the process and potentially spend thousands on repairs because of contingencies in the contract. However, by selling directly to a professional home buyer like those at Cardinal Creek Properties, you’ll be able to rest easy tonight and forget about passing the inspection because we buy homes as-is for cash.

Closing

Closing costs are something else you can expect with a traditional sale of your Belleville house. However, selling directly to a professional home buyer like those at Cardinal Creek Properties means you won’t pay any closing costs.

A professional home buyer at Cardinal Creek Properties will detail the profits and costs you can expect with a traditional sale of your Belleville house vs. a direct sale. At Cardinal Creek Properties, our professional home buyers offer complete transparency because we’re your neighbors who live and work alongside you in Belleville, and we want you to feel good about the deal long after closing. Talk to one of our professional home buyers at Cardinal Creek Properties about the hurdles you feel stand in your way and how we can help you over them. At Cardinal Creek Properties, the goal of our professional home buyers is for you to make the most profit on the sale while meeting demands on your time and finances. Call Cardinal Creek Properties at (314) 467-8137.

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