Three adult siblings inherited their parents' 1962 Kalamazoo ranch-style home after their mother passed. The home hadn't been updated since the 1980s and needed a new roof, updated electrical, and full kitchen renovation. The siblings lived in three different states and couldn't agree on who would manage repairs or how to proceed. The estate was in Kalamazoo County probate.
The property needed $35,000-45,000 in updates before it could realistically be listed on the MLS. The personal representative (oldest sibling) had been appointed but was managing the estate from Arizona. Carrying costs — taxes, insurance, utilities — were running $600/month. After 4 months of delays, the family needed a resolution.
7 Lakes Properties evaluated the property via a local walk-through with one of the siblings. We made a written cash offer of $147,000 within 24 hours. The offer was not contingent on repairs or inspection results. The personal representative signed a purchase agreement contingent on Letters of Authority from the probate court.
The probate court issued Letters of Authority 28 days after we signed the agreement. We closed 6 days later at a Kalamazoo title company. All three siblings received their equal shares of the net proceeds via wire transfer. No one had to fly to Michigan for closing — all signatures were completed via remote notary.
"We were stuck for months. 7 Lakes Properties made it simple — one offer, no repairs, everyone got paid. I only wish we'd called them first."— Personal Representative, Hendricks Family Estate
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