Buying and selling of real estate is big business in any economy in the world. As a population increases, more houses are needed for people to live in and offices for people to work in. Despite this fact of life, real estate transactions can still be very risky propositions! Especially when it comes to probate property, if the prospective buyer doesn’t understand the probate process for a house in Houston Texas.
So what is a probate anyway?
A probate is a legal way of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how his or her property was to be administered after they are dead. These proceedings take place in probate courts. Sometimes they can end up being the best real estate deals that any buyer or seller might get in Houston…
How to begin the probate process for a house in Houston
If the deceased ( the person who has passed away) leaves a will and the will names an estate executor (person to make the decisions on behalf of the estate), the estate is subject to independent probate administration. Like the dependent probate administrator, an independent probate administrator must collect assets, pay off debts and distribute all assets according to the wishes given in the last will and testament of the deceased. However, once an executor is declared independent, the court is no longer in control over estate administration unless there are problems. An independent executor does not have to obtain the court’s approval in order to fulfill his duties. This can speed up the probate process and save both time and money to the estate.
If the deceased does not leave a will, the seller (The Executor) is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. The price is based on the agent’s suggestion and also from an independent appraisal ordered by the probate court. Note: It is important for the seller or Executor to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Houston and that would be us, The Aida Group. Click the link here, fill out the form and we’ll help you get started now.
Okay, my property is on the market, now what?
Now, after the property is advertised on the market then it is up to the seller to wait for the buyers to make offers on the property. Once this process is completed, the final decision is made by the executor or the probate court on who should buy the property based on an auction if there was more than one interested buyer…. In this case, we would suggest you choose The Aida Group to purchase your property because as you can see from our website we buy probate property in Texas! So we can get you through this with out the hassle that normally comes with a death in the family.
Want to sell your house in Houston fast (and securely)?
We have been in this industry for years and our reputation speaks for itself. If you are interested in choosing us as your partner in Houston or all over Texas, you are always free to contact us through our website form, our social media pages, as well as giving us a call at 832-210-3088. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time. In addition, you can leave a text message and we shall respond, as soon one of our real estate agents is free.
We are always here to help walk you through the probate process for a house in Houston, we look forward to speaking with you. 🙂
Call us today at 832-210-3088 to get a cash offer on your inherited house today!