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Selling a Probate or Inherited House?
We buy probate houses. Any condition or circumstance
Fair & Firm Offer. No realtor fees.
They may have lived in the same house for decades, and the thought of “what to do with all this stuff” or “leaving all these memories behind” can be overwhelming. The emotional toll associated with leaving behind a lifetime of memories hits everyone involved. And now you may have creditors calling you wanting payments.
This is where a Certified Senior Real Estate Specialist, like Ohana Legacy Properties, can assist.
Quickly, efficiently, and compassionately, we will present you with a fair and firm offer, buy it in as-is condition, take care of major repairs, take care of renovations, do the clean-up, donating leftover items to local charities. We will present you with a quick, streamlined closing process, and……. there are no fees for our service at all.
What Is Probate?
“Probate” proceedings normally begin before an inherited house is sold. Below are 5 simple steps that outline the process:
- Filing the petition. Probate litigation is instituted by a personal representative named in the will or a person petitions the court to be executor.
- Notice to creditors and beneficiaries. The representative must notice anyone with an interest in the estate.
- Payment of the Estate’s debts, taxes, and expenses. Debts do not disappear – they must be paid before you inherit. Probate property is commonly used to satisfy amounts owed.
- Legal title of property transferred in accordance with the will or local inheritance laws. Once creditor claims are satisfied, the personal representative petitions the court to transfer the remaining assets to beneficiaries.
- Closing the probate estate. The estate is formally closed with a final account, petition for distribution, a final hearing with notice to all parties.
Check out the free Probate/Inheritance Blogs & Resources on this website
The Probate Process in Texas
The first compounding factor is whether or not the decedent – the person who has died – left a will. When a person dies intestate in Texas (without a will) the probate will be overseen by the courts. The court will be the one to decide who the decedent’s heirs are and their share of the estate. In this case, it would be difficult to sell your Texas house in probate.
If there is a will, things can go a bit more smoothly and quickly. The will should name an executor and essentially this is the person who will be responsible for moving the probate process along, filing the probate, notifying beneficiaries and creditors, taking inventory, appraising the estate, and overseeing the distribution of assets.
In case of a will, the process will go as follows:
- The executor will oversee filing the application for probate.
- A judge will recognize the decedent’s death, confirm the executor is fit to serve, and verify whether there’s a valid will.
- The executor will take inventory, appraise the estate, notify the beneficiaries of the will, post a notice to creditors, discharge debts, and file the decedent’s final federal tax return.
- Disputes are resolved.
- The estate is distributed among the beneficiaries.
In addition to the general probate process, there are two types of probate in Texas. The first is Independent Administration, which is usually less expensive and easier. Court supervision isn’t necessary for this kind of probate so the executor may settle the estate without much interference from the court. Additionally, you won’t need to post a bond or get an insurance policy that protects against executor mismanagement.
The second kind is Dependent Administration. In this kind of probate, all steps that the executor takes must be approved by the court and there’s a forum to resolve contested estates and disputes between beneficiaries.
Words From Tina
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This information is for educational purposes only. It is not intended to be legal or financial advice. Always seek out the council of a Texas licensed Probate Attorney and/or CPA.
3 Easy Steps to selling your probate Home
Step 1: Schedule a call
Step 2: Set up a time that works for you to evaluate the property
Step 3: We will provide you with a fair concrete offer
What to do with your Probate Property in Texas
If there’s a house or property included in the will, the three main options are either to keep it, fix it up, rent it or sell the inherited house. Which option you choose will depend on the specifics of the will and any contests or objections by other beneficiaries. Either way, Ohana Legacy Properties can help you.
Here’s How We Can Help You Sell Your House in Probate
However, if it’s not clear to whom the house will go to and the beneficiaries can’t agree on who will get it, that’s when things can get complicated. That’s why it’s good to have a Certified Probate Real Estate Specialist (CPRES) help you, like Ohana Legacy Properties. We can help you deal with inherited property and how to approach a probate sale in Texas.
The best solution for when it can’t be decided who the property will go to, is to sell the house in probate. This will mean all the beneficiaries will have to agree on how the property will be sold and the price it would be sold for. In certain cases, like when the estate is in more debt than its assets are worth, selling your Texas house fast for cash might be the best option.
WE MAKE IT EASY
We can help you sell your house fast. We are your ‘easy button” to selling your house in probate in Texas.
We Surround Families with Options & Solution
We offer services to purchase probate/inherited homes outright, in as-is condition, so families can close within days instead of months.
There are no real estate agents involved in our process which means quickly, efficiently, no renovating, no staging, no showings – and more importantly – no realtor fees. In fact, there are no fees for our service at all.
Our Guarantees to You and Your Family
We are the “Easy Button”. Our team of experienced and caring professionals will work with you every step of the way to ensure that the process is as smooth and stress-free as possible.
Our goal is to help people who need to sell their homes quickly and without the hassle of working with a real estate agent. Sadly, not everyone knows that the biggest expenses associated with selling a home are real estate fees. These fees cover the cost of hiring a real estate agent, as well as other administrative costs. While the exact amount you’ll pay in fees will vary depending on your location and the agent you choose, it’s common for sellers to spend as much as 6% of their home’s sale price on real estate fees.
You can bypass all this with Ohana Legacy Properties! We offer a simple, straightforward solution that doesn’t involve any renovation, staging, showings, and most importantly, no agent fees. In fact, there are no fees for our service at all, for the family and for you.
We will make you a fair, firm, and honest offer for your home as-is, and close on the date of your choice. We would be honored to help you. Let’s have a 5-minute conversation to see if we can help, no obligations attached.
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