Selling an inherited house is not a walk in the park. Here is a guideline on how to sell an inherited house in Houston TX.
To start with, selling inherited property is emotionally draining for anyone. In most cases, you will be required to depersonalize the house by removing all your departed loved one’s belongings. Additionally, you will still have to incur the cost of marketing the property so as to get the attention of interested buyers. There is also the astronomical cost of liens that heirs have to handle among other issues. This may lead to disagreements among them.
We understand how strenuous the process to sell an inherited house can be and we would like to assist you by showing you the steps that you need to follow to ensure that you get the most out of the situation. Here is how you should go about selling a house that you inherited in Houston, TX without getting into any difficulties.
How to ensure that the Probate Process is effortless
Seek professional advice
The first thing that you will need to do is to seek advice from various experts. You need to understand the condition that your house is in. Ensure that you are the rightful owner of the property by verifying your ownership. Consult a real estate attorney and get important information from other professionals as well. Also, read through our website and make use of the information in it. Once your house is approved for selling, you can get in touch with us and be sure to get a fair deal when you sell your house fast to us.
Start the Probate process in Houston
Every inherited house must pass through probate before the owner can go ahead with the selling process. A majority of counties approve a summary probate. This involves a straightforward process that is brief, and it entails few legal processes. It is only after your house has passed this process in Houston that you can confidently put it up for sale.
The value that the house had on the date that the person who left the house in your name died is what is referred to as the tax basis of your property. The amount of taxes you owe is calculated by subtracting the amount that you get from the sale and the tax basis value.
Deciding to sell
When you are ready to sell your inherited property in Houston, you can go head and tell the executor to obtain court’s permission to proceed with the sale by petitioning. There is usually a tug of war among the siblings when they are trying to decide whether to sell the property or not. Some may be for the idea while others may be against it. If such disagreements arise, it is good to disagree until you come to an agreement. It will also be crucial to engage your estate lawyer during this stage of decision making and dispute.
Getting ready to sell
If you are selling the house through the traditional route, you may be forced to do some repairs and renovations before putting it up for sale. You will also need to remove every possession inside it. You may need to enlist the help of an inspector to point out areas that are damaged and recommend the repairs that should be done. Alternatively, you can choose to sell the house as is in Houston and be ready to accept a lesser price particularly if the house is in dire need of renovations, cleaning, and repairs.
When you come to us, we will strive to ensure that you get the most out of your inherited house. We can also buy your house as is, repair and renovate it and sell it to a person looking for a good house to live in.