We buy houses in Castle Hills Texas. We are local Castle Hills home buyers At Capstone Homebuyers provides residents with the ideal way to sell their homes fast by offering cash for houses in Castle Hills. After facing the loss of a loved one who didn’t have a will or investments protecting against the process altogether, probate can mean long drawn out proceedings, especially with larger estates. Should you find yourself in this position, read on for information and how to sell a probate property in Castle Hills.
It can be costly to go through, so avoid making the mistake of skipping any of the legal requirements which can further tie up your property. You’ll need to be patient as the assets of the deceased are analyzed and the rightful inheritors of the estate are determined. Executors may need to liquidate the real estate, leading to the probate court distributing the funds evenly among those beneficiaries.
How To Sell a Probate Property in Castle Hills TX
Certain aspects of this real estate law are common among all jurisdictions, for a valid sale, you’ll want to ensure you’ve rigorously followed all of the legalities for selling your probate property in Castle Hills.
Your first step will be to locate an independent certified appraiser. You can either reach out through phone listings or word of mouth among probate property real estate professionals in Castle Hills…
Once you’ve obtained your certified appraisal, you’ll next want to proceed by filing a petition with the court to sell the probate property in Castle Hills. While filling out your petition, be certain the information includes any pertinent information about the property along with the method that will be used to complete the sale, be it at an auction or on the open real estate market. Submit your petition along with your certified appraisal. Once you’ve obtained the court’s approval, you may then proceed with the sale.
Offer the Property
For sale, with conditions! Now that you can finally take action and sell your probate property in Castle Hills, you’ll want to make certain to disclose to your potential buyer that the court’s confirmation of the transaction is required before you can accept, making the offer conditional.
Commonly, once you’ve petitioned the court for a hearing to confirm your sale, you can expect delays on the court calendars ranging from between 20 to 40 days, from the filing date.
Plan to collect a 10 percent deposit from the buyer at this time, which is based on the purchase price.
Because the ultimate goal of the sale of a probate property in Castle Hills is to garner the highest amount possible for the estate, you must advertise your court hearing to the general public for a process known as open bidding. This allows any additional interested parties to participate in the purchase of the real estate, aiding in raising the final purchase price.
Now you’ll need to attend the court hearing and wait until the unconditional bidding has concluded and a cashier’s check is presented for the final figure. Your buyer will be able to participate along with any member of the public who so chooses, bids increase by $500 at a time.
Refunding the Deposit
Should a new buyer overbid your buyer during the court proceedings, be prepared to refund their 10 percent deposit. Otherwise, should your original buyer maintain the highest bid, the funds you previously collected from them would be applied to the purchase.
Finally, you can close on the contract for your probate property in Castle Hills. Be certain that the costs of the property are covered by the financing. You’ll also be responsible for placing the full amount into the estate fund.
Sell My House In Castle Hills Texas
We are homebuyers in Texas and when you choose to sell your house in TX directly to a buyer such as Capstone Homebuyers, you will be able to avoid all of the cost, commissions, and hours that go into a traditional sale. You won’t have to spend time marketing the property or fixing it up For many homeowners who need to sell a probate property fast in Castle Hills, a direct sale would be the way to go!
We’re here to assist you during this difficult time and make the probate process easy. Call Capstone Homebuyers today at (210) 793-4448 or send us a message to sell a probate property in Castle Hills.