It’s funny how people immediately feel stressed the moment they hear the word “probate.” Of course no one has to be reminded of how painful losing a loved one is, but when possessions and properties get tied up in a probate court, the situation right away worsens. And if you’re the executor of the will, no matter how hard you try to shake it off, you’ll always feel like you’re carrying the weight of the world on your shoulder.
Fortunate for you, we are a probate homebuyer in Texas. So don’t fret. We will be by your side all the time, and even answer any question that you might be having about the process to sell inherited home in probate.
But first, what exactly is probate in Houston, Texas?
In simple words, it’s the distribution of a loved one’s belonging’s after they pass on. Dealing with a home caught up in probate is daunting. And if there is no specific heir, it will have to be sold through a probate court. Either the court or deceased has the power to nominate an executor who’ll handle the whole process. This person is usually the closest living relative.
After selling the property in Houston, Texas, the proceeds get split among the beneficiaries. The executor is also tasked with paying any and all the fees, debts, and cash bequests. However, not all properties left behind by loved ones go through this process. These assets can still be passed down or sold via a living trust. That’s only if there’s a good estate planning.
Is it possible to sell the home fast in Houston, Texas?
Yes, it’s very much possible. But you have to be the executor and all the heir have to be on the same page as you. And like we said before, the profits earned have to first pay all the debts, before being divided among the beneficiaries. The court will also have a say here, seeing as without it, the sale cannot go through.
We feel like it’s imperative we emphasis the importance of working with a real estate agent or direct buyer who understands the probate process. To make sure everything gets handled according to plan, you have to know the ins and outs.
What’s the cost?
Okay this will depend on the size of the estate. all you need to know at this point if that you’ll most likely be faced with the attorney fees, document filing, transfer fees, and court fees. So obviously, it’s not a cheap process.
Why sell now?
Do you seriously want to keep dealing with the stress and hassle? No? then find a direct buyer and look for a great deal that will make all parties happy. We will help you dodge that long and lengthy process.
We have been buying probate properties for years now. We thoroughly understand the process, and that’s the only thing that really matters when dealing with such properties.