Helpful information and guidance for navigating estate and probate property sales in North Carolina
North Carolina probate typically takes 6-12 months, though simple estates can be settled faster. Complex estates with disputes or significant assets may take longer. Working with experienced professionals can help expedite the process.
In most cases, you'll need court approval to sell during probate. However, the executor can begin marketing the property and accepting offers while waiting for court authorization. We help coordinate timing to minimize delays.
Inherited property receives a "step-up in basis" to fair market value at the date of death. You'll only owe capital gains tax on appreciation after that date. Consult a tax professional for advice specific to your situation.
The mortgage must be paid from sale proceeds before distribution to heirs. If the property is underwater, we can help negotiate with lenders or explore short sale options. Many mortgages also have insurance that pays off the balance.
Family disagreements are common in estate situations. We provide neutral, professional guidance and multiple options to help find solutions that work for everyone. In some cases, mediation or legal counsel may be helpful.
Typically you'll need the death certificate, letters of administration or testamentary, the will (if applicable), property deed, and court authorization to sell. We help you gather and organize all necessary documentation.
We're here to help. Contact us for personalized guidance on your estate property situation.