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Now, should you intend on going through the probate court process, expect to wait up to 4 years to finalize the process. If you can wait that long prior to selling probate property in Texas, then you in good shape. A word of caution. Do Not allow the decedent property to sit vacant for a long period of time. Vandals out there will see the house as vacant and they will make they’re inside the house. So, know that selling probate property in Texas, can be completed faster.
Probate is a court supervised, legal procedure where heirs and beneficiaries will legally take control of any financial and physical property and assets, that were promised to them with a will. All debts must be cleared in the estate prior to any monies will be transferred and exchanged.
Probate court keeps a very close eye on an estate as it goes through probate court, and that is why we have probate court in order to prevent fraud after someone dies. Typically the decedent’s house will be burglarized, stripped of any belongings, and before you know it the family members who were promised a share of the estate, receive nothing at all , after all debts are pair and the selling probate property in Texas is done. As all States have they’re own and different probate laws. To review Probate Laws in Texas click here, as they involve timelines, deadlines they also require detailed rules and paperwork, and a specific order of operations everyone must follow.
Probate attorney’s will gather a lot of informaiton needed by the court and it’s also the attorney’s job to draft and file petitions from the probate court, speak on your behalf to the presiding judge and be sure all court fees are paid in full, be sure you have obtained the collected money from the life insurance, help solve any income taxes, property taxes and simply be a general advisor thoughout the whole process.
Your newly hired realtor walk you through the details of selling probate property in Texas, and the transaction, including listing the property, contracts and other documentation specific to Texas probate regulations. A great realtor will also advise and help with managing thesale of the property. You need to keep in mind that should you hire the wrong realtor, and the property does not sell, we buy houses in Dallas and we pay cash for houses. You do no need to clean out the house, you don’t need to make any repairs, no realtor commissions or fees. We doall the paperwork for you and you choose the closing date that best fits you schedule. Or, we can close in (5) dayas if needed.
You need to consider what an attorney and realtor will cost you now and the long term. Attorney’s are not cheap and pride themselves on charging and over charging for their services. Call the probate court to ask what all is needed to process will for “Letters of Testamentary” and court cost. The clerk shoud give you an itemized but brief list of needs for you r attorney. Then you want to call around for an experienced attorney. During these phone calls, you need to make the attorney’s aware that yo know what is needed and that you don’t want to be over charged for services. Find out how long it will take to process your particular case.
When you contact realtors, make them all aware that you need an experienced realtor, not one that doesn’t understand the probate process, as you are selling a probate property in Texas. Click here to see what HomeLight says and has to offer, as well, you can find a quality realtor here. Not any realtor will do here. You must vet your probate professionals carefully and only hire those who you can get along with and are best suited for you task, not theirs. Should you check referrences? YES! On both of these people and there teams. Just remember, this is your interview hiring time, not theirs.
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