We Buy Houses In Austin for probate properties you want to sell. What is probate, you asked? Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away they leave their loved ones and their property behind. Sometimes the last will or the Testate is left behind by the person and in some cases, it is not.
Whatever is the situation, the property is reassigned to the heirs with the court of law, and this extensive thorough process is known as probate.
Sometimes a question arises, “can a house be sold while in probate in Austin?“, and the answer is that it can sell a house you inherited. if simple steps are followed. As real estate investors in Austin, Third Mile Service advises sellers to go through the following steps and also suggests other investors check the procedures when they go for buying property on the probate period in Austin.
As real estate investors in Austin, Third Mile Service advises sellers to go through the following steps and also suggests other investors check the procedures when buying a property in probate in Austin.
Can a house be sold while in probate in Austin?
Yes, you can sell a house in probate, but make sure to follow these steps first! When you want to sell your inherited house just mind these following tips:
Property Appraisal in Austin
With the help of an independent certified appraiser, a property can be appraised. You can very easily look for an appraiser in the local phone book or by contacting a real estate agent for their recommendations.
So, as real estate investors, we look for buying properties in probate in Austin that has already sought property appraisal. The probate process can be different depending on which city the house is in. Therefore make sure you read up on the probate process in your city in Austin.
Obtain the Petition for your probate property in Austin
When you are in the process of selling the property during the probate period you have to seek probation from the court. So fill out the petition form and provide all the details related to the sale of the house in Austin along with mentioning the methods of sale.
Then with the help of the independent appraisal, fill out the form and wait for approval from the court.
An investor only buys the property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of obtaining the petition.
Place your Property for Sale in Austin
The next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court as it is on probate. All real investors only buy the property that is on sale after seeking a court petition. If your property matches these conditions then we might be able to take it off your hands. Next, you need to price your inherited property just right. This is important if you want to actually get money for it! The question now arises, how do I price my inherited property in Austin? Fill out the form to see if your Austin home qualifies for a quick all-cash offer.
Seek the Court for Confirmation
As a buyer, aside from being mindful of any possible tax consequences, you have to seek the court for confirmation to confirm the sale of your inherited house in Austin. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make an arrangement and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves we tend to ensure the fact that the seller seeks the court for the confirmation soon.
Advertise your probate house in Local Newspapers
Inform about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during the probate period. It also allows open bidding for the other interested people so that the property gets the best price. We often come to know good property on probate through the local newspapers.
Attend the Hearing for your probate property in Austin
Attend the hearing of the court. This is the place where bids are done and buyers and real estate investors come for bidding. After the final agreement is done the cashier’s check is given to the court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court… We tend to always pay some money as a deposit of the original price, to the court after the contract has been confirmed.
After this, you can complete the contract with the buyer after the above-written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
These are just a few things you need to consider selling your house you inherited. If you want more tips on how to sell your inherited house, feel free to browse our blog.
We Offer Cash For Houses In Austin
If you’re looking for a REAL investor to buy your home in Austin, then we can help. We buy houses in Austin as is and in cash. No matter the location or price range, you have found a cash buyer in us! The best part is that our procedure on how to get your house sold to us is super easy. Sell your house in Austin and find out how it works, then fill in our form. You will be happy you did, much like all our previous customers. We are legitimate home buyers in Austin and we will not let you down!