Selling an inherited home in Texas is not as easy as people think! Read on to learn how to sell a house you inherited in Houston or other cities in Texas…
First of all, there is always that emotional struggle preparing a loved one’s house to be put up for sale – which most likely includes depersonalizing his or her rooms (taking all their pictures and mementos down) and also clearing out all their nick nacks and belongings… Then there is the cost of marketing the house in order to attract potential buyers.
Usually, heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise making it harder for the family then it needs to be.
Therefore we at The Aida Group have compiled a few points that should help steer you in the right direction if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Texas, without having to go through the heart ack more have to face.
Making the probate process go smoothly
Get some advice
The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too of course. We can also give you a fair deal for your inherited house or help one of our buyers purchase it for you without all the realtor and advertising costs. Fill out the form here to get started.
Next Step: Begin the probate process in the city you are in
Before you embark on the selling process, your house must go through a probate. Most countries allow for a summary probate – which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Houston, you can then put it on the market.
The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
How to sell a house you inherited in Texas
Agreeing to sell
If you are ready to sell your house in Beaumont, Galveston or other Texas Cities, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from the there. In most probates, you won’t need the court’s permission. Problems always arise when siblings who share the inheritance have different views – for instance, others may want to sell the house while others may not be for the idea. If and when this happens to be the case, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.
Preparing to sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it on sale. You will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Conroe , Friendswood or most Texas cities “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at The Aida Group, however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in all Texas cities, repair and fix them up and either rent them out or sell them to someone else looking for a great deal.
If your local Houston house meets a few simple qualifications, we can buy your house fast.