What Can I Do With An Inherited Property In Houston, Texas?

by Nov 15, 2021

So you’ve inherited a house in Houston, Texas and now you don’t know what to do with it. If you’ve gotten your Houston home in probate, don’t worry, we’re here to help. Here at Ohana Legacy Properties, LLC, we’ll take you through the entire process of a probate sale and tell you exactly what you can do to deal with an inherited property in Houston, TX.

Houses in probate in Houston usually have a less-than-cheerful background. If you’ve inherited a home in probate, it’s possible that your spouse, parent, or relative died without a will, so now you’ve been chosen as the executor of the state.

If this unfortunate incident has happened to you, don’t worry. We’ll help you navigate this confusing process so you’ll have more time to process your grief instead of attending to inconvenient matters such as selling your probate house. But how exactly do you sell inherited property in Houston?

How Does A Probate Sale In Houston, Texas Work?

The process of a probate sale varies from state to state, but what usually happens is a court will appoint an administrator in the absence of a will. This individual is charged with settling the estate and guiding it through probate. Part of this process involves identifying legitimate creditors of the deceased. The executor will then be charged with selling estate property if it must be liquidated to pay these creditors. The court will typically order an appraisal to set a listing price. To help with the selling process, the administrator will typically hire a real estate agent to list, market, and sell the property.

There are also two kinds of probate sales, namely: auction and offer-based probate sales. An auction type of probate sale occurs on the property, although the sale would still be subject to court confirmation and can be overbid in court. On the other hand, an offer-based probate sale is more of your regular MLS-style listing. An interested buyer usually makes an offer. Once the offer is accepted, it is still subject to court confirmation and can be overbid in court.

If you’ve been appointed as your probate home’s administrator, you would have to go through a long and arduous process of handling inheritance disagreements, sorting through your deceased loved one’s personal finances, reviewing the property’s insurance policy (if any), sorting out taxes, dispensing other personal property of the deceased, preparing the house for sale, and setting the list price of the property before finally selling it.

Tips For Selling Your Probate Home

  • Hire a Probate Real Estate Agent: The probate process can be remarkably complex, and it takes an experienced real estate broker to navigate it successfully. If you’re working on a budget, however, it’s also possible to sell the probate property yourself.
  • Know the Law: Every state has unique probate laws, and Texas is no exception. It’s important to study up on your local probate regulations or to hire a probate real estate agent with an intimate knowledge of them.
  • Learn Probate Legal Jargon: While having an experienced broker is vital, it also helps to be familiar with common probate real estate terms and the process in general.

However, if you’d rather do away with the long and arduous process of preparing your probate home for sale, you can simply decide to sell it to a direct home buyer like Ohana Legacy Properties, LLC.

Sell To A Professional Home Buyer!

If you’re looking for quick ways to dispose of or liquidate your inherited home, you should consider selling to a cash homebuyer in Houston, TX. Who has the time to sell your property the old-fashioned way when you’re looking to make a quick buck? We understand the urgency, and we’re here to help.

Sell your house to professional home buyers like us here at Ohana Legacy Properties, LLC. We can provide you with the best price for your home while still ensuring a quick close so you can liquidate your inherited property ASAP. If you don’t want to worry about the hassle of listing your home and working with a real estate agent, just sell your home to us! We’ll take care of the rest.

Our home-buying process does not involve getting pre-qualified by a mortgage bank in order to obtain a home loan or listing the property on the MLS or any other listing platform. The reason our team at Ohana Legacy Properties, LLC is able to purchase properties very quickly is because we use our own money, which means the sale is more secure and we can close faster than traditional buyers. Get in touch with us here (832) 740-9788 and sell your home fast for cash today!

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