September 21, 2020
We helped these heirs go through succession so we could buy their house
We bought this house from the heirs who had inherited it. Sadly the owner on title had passed away a few years earlier and his wife was living there. She wanted to move out of state and they wanted to sell the house and move on. The owner had passed away with no will and had 5 children who were rightful heirs so the house had to go through succession before it could be sold. The house also had a number of issues. There had been previous termite damage and while the termites were removed the work to repair the damage was not complete. There were also lots of patches, missing baseboard and other deferred maintenance that were needed.
Obviously this house was not in the legal position or the physical condition to be sold through a realtor to a homeowner. The heirs didn’t want to spend the money to repair the house and do the succession. They reached out to us and we were able to agree to pay the price they wanted for the property. We entered into a sales contract with all but one of the heirs and got our title attorney to do the succession work for the family. Since one of the heirs didn’t sign the attorney had to go to court and follow the property legal proceedings and advertise the succession. This means they weren’t able to sell their house fast like we normally operate. We also had COVID-19 hit and shut the courts down which slowed down this process. It ended up taking about 5 months but we were able to get the succession successfully completed and we closed on the property as soon as it did. We bought the house in As Is condition so the heirs have no warranties or responsibilities on the condition of the house and we take responsibility for all the repairs.
The heirs were very happy because they were able to sell their inherited property and didn’t have to pay for the succession upfront or pay for any of the repairs. We were also happy to be able to help them out and have a new project for us to work on. If you have inherited a house in Louisiana that you want to sell then we will be happy to discuss your options and see if Home Buyer Louisiana would be a good fit as a buyer. You can give us or fill in our online form. If you want more information succession process in Louisiana.
Check out the video to learn more about the property or the situation. You can also read the video transcript below.
Common Seller Questions Answered in This Video:
Q: Can I sell an inherited house if succession hasn’t been completed yet?
A: Yes! We can often work with your succession attorney to get a deal done or wait for the court process while getting everything ready.
Q: What if there are multiple heirs?
A: We help coordinate signatures and communication with all heirs to make the process easier.
Q: Do I need to repair or clean the inherited house before selling?
A: Not at all. We buy homes as-is, and you can leave behind any unwanted belongings.
Video Transcript
Hey, this is Aussie Steve here from Home Buyer Louisiana. We buy houses in all sorts of conditions across Louisiana. I’m here at a property that we just closed on today in New Orleans East.
This one took a while to close. We’re normally really fast, but sometimes there are things that need to be worked out. In this case, the property was still titled in the name of a deceased person. His wife was living here, and he had several children, so it had to go through succession. Not all of the children initially signed off on the sale, which is okay—you can still sell it—but it requires a court process. You have to advertise the succession and get court approval, which delayed things a bit. We also had some title issues to work through.
But we worked with the current owners, got everything resolved, and now we’re the new owners. They’re really happy to have sold the house and moved on.
The property itself is in okay condition, but there are definitely a few issues. Some of the baseboards are missing, there are dents and signs of wear, and the oven and range hood were removed. At the back of the house, there had been some termite damage, which the owner tried to fix themselves, but overall, it just wasn’t ready for the retail market. This wasn’t a move-in-ready home for a typical buyer.
That’s where we come in. Because the title wasn’t in the heirs’ names yet, we helped them through the process. Even though the title needs to be in your name to officially sell the house, we were able to start the sale process while our title attorneys handled the succession work in parallel.
The great thing is that legal fees for the succession were paid out of the proceeds of the sale, so the heirs didn’t need to come out of pocket upfront. We contracted the property, did the succession, cleared the title, and got it done.
If you’ve inherited a house that isn’t in your name yet, or if it needs a lot of work and you don’t want to deal with fixing it up, we’re happy to buy it as-is. We pay cash, which means we don’t need bank financing—so no inspections, appraisals, or bank delays. That’s what we do: we fix houses, we add value, and we help sellers move on.
If you’re looking to sell a house, reach out to us at HomeBuyerLouisiana.com or give us a call. We’re always happy to chat, even if we don’t end up being your buyer. We’ll gladly give you advice and help you think through your options.
Thanks so much!
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