How To Sell A Property In Probate In San Antonio
We buy houses in San Antonio, Texas. We are local home buyers at Capstone Homebuyers and help provide residents with the ideal way to sell their homes fast by offering cash for houses.
After facing the loss of a loved one, 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 San Antonio.
Probate 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, will, and who will handle the estate of the deceased are analyzed and determined. Executors may need to liquidate the real estate, leading to the probate court distributing the funds among those beneficiaries.
What Is Probate
Probate is a process by which the courts legally recognize a deceased person’s (the decedent) death, settle their outstanding debts, and distribute remaining assets to their heirs. The process is designed to facilitate the transfer of a deceased person’s estate, and when necessary, to protect both beneficiaries’ and creditors’ interests in the decedent’s estate. In Texas, probate is handled in Texas’ Probate Courts. In Bexar county, there are two probate courts and each handles things slightly differently.
Do You Need An Attorney To Probate A Will In Bexar County
In Texas, you do need an attorney to represent the estate in probate court. While there are some cases where an attorney is not required, there are instances where the executor or executrix of an estate must have representation in front of a court. There are some instances when selling a house is the only goal of the heirs to a property where probate isn’t required and therefore an attorney isn’t required.
Common Documents Needed To Sell A House In Probate
Original documents are required to be filed with the probate court. The courts will not accept photocopies and they do not return original documents so make sure you have copies prior to providing them to your attorney or to the probate court.
How Long Does It Take To Sell A House In Probate
The probate process isn’t known for its speed or convenience. For many heirs, the process can be grueling and time-consuming. A situation that is already painful and difficult can become even more so when it is drawn out.
You will want to make sure that you and your fellow heirs are on the same page to avoid any disagreements in the process. Between the legal waiting periods, and disagreements between family members, the probate process can become incredibly drawn out.
When you are able to establish an agreement beforehand, the process will be much easier when it is actually time to get things done. Once a person dies, it is important to file for probate as quickly as possible. Not doing so will likely raise the costs of holding the home.
If you are responsible as the executor of the estate, you may find yourself dealing with paperwork, phone calls, and court hearings that can take up a good amount of time.
Some probate cases can be wrapped up in a matter of months, while some can go slightly faster. Keep in mind, that the courts have cited the Covid-19 pandemic as having caused delays due to various issues. Having everything together ahead of time will make the process go much more smoothly.
If a will is needed to sell the house from the estate, probate must be complete before the sale can occur. This is because the title company needs a document from the court called Letters Testamentary. This document is what allows the title company to properly convey the deed from the estate to the new buyer. Preparing to sell a probate house can be different for each estate.
Listing A Probate House For Sale
If you have never worked with an agent to sell a house in San Antonio, you may not know exactly how the process works. First, the house will need to be repaired to be competitive with others on the market. You’ll need to clean and stage it in order to attract as many people as possible.
While you are waiting for it to sell, you or the estate will have to cover the taxes, utility bills, and insurance. When you use a real estate agent to sell your inherited house in San Antonio, you will also have to pay out a hefty commission when the house sells. The time and money spent on listing an inherited house might not always be worth it, especially if there are repairs needed to be done prior to the sale.
Selling A Probate House For Cash To An Investor
By selling your house directly and avoiding the MLS, you will be able to skip the repairs, showings, cleaning, commissions, closing costs, and waiting! You will save thousands on the holding costs alone. Selling a house you inherited doesn’t have to be complicated. Working with Capstone Homebuyers will save you time, and money, and make a difficult process that much easier.
Selling a house can be a long and complicated process. Most people don’t have the time or patience to go through with a traditional sale. Plus, you might not even know where to start.
Capstone Homebuyers is here to help. We are experts in buying houses in probate or pre-probate, and we can make the process quick and easy for you. We will handle all of the paperwork for you and close on your timeline. You won’t have to make any repairs or clean up before closing, and you can leave any personal belongings in the home. Contact us today to learn more!