Navigating the probate process can be overwhelming, with many tasks and decisions to manage. Balancing your everyday life while handling probate matters can feel exhausting. Getting a probate attorney should be your first step when you’re ready to begin. There’s nothing more important early in the process.
The next crucial step in selling a probate property in Houston, TX, is obtaining the “Letter of Testamentary or Letter of Administration”. This document, issued by the Probate Court, grants the Executor or Administrator the authority to gather assets and distribute the estate. Your probate attorney will guide you through this process, though it can take some time. If there is a valid will, this step tends to move more quickly.
Another important task is deciding how to handle the belongings left behind. Families often distribute major items among themselves, based on what is outlined in the will, but this can take time as it involves coordinating schedules. Often, there are still many remaining items, and families are left wondering what to do with them.
Finally, you must decide what to do with the probate property. Here are some common options:
- List the Property with a Realtor
If the home is in good condition, updated to current styles, and doesn’t require major repairs, hiring a trusted realtor can be a good option. Listing the property on the open market can attract a wide range of buyers. However, keep in mind that you’ll need to cover realtor commissions and title company fees. Also, be sure to get accurate comparable sales data to price the home correctly, considering factors like bedroom and bathroom count and square footage. And, keep an eye out for DOM (Days on Market). - Rent the Property
Some families consider renting out the home. Before doing so, it’s important to analyze whether it will be profitable. Major cosmetic updates aren’t always necessary, but certain repairs or updates, like servicing the HVAC system, ensuring appliances are functioning, and checking the roof and overall safety, are still needed. Renting also requires ongoing responsibilities like screening tenants, handling leases, and managing the property or hiring a property manager. - Sell to a Home-Buying Company
If you’re looking for a simpler option, selling to a reputable home-buying company like Ohana Legacy Properties may be ideal. We’ve helped many families going through probate who wanted to sell their homes quickly and without hassle. With our streamlined 3-step process, you don’t need to make repairs or even clean the home. You can leave behind any unwanted items, and we’ll handle donating them to those in need.
Since we are the buyers, there’s no need for showings or open houses, and no repairs are required. Most importantly, we understand what you’re going through and treat you like family because we’ve been through the probate process ourselves.
Call us at 832-402-6181.
Choosing the right path for selling a probate property depends on your needs, timeline, and comfort level with managing the process.