Buying and selling real estate is big business in any economy in the world. As the population increases, more houses are needed for people to live in and offices for people to work in. Despite this fact of life, real estate transactions can still be risky! Especially when it comes to probate property if the prospective buyer doesn’t understand the probate process for a house in Houston, Texas.
What is probate?
A probate is a legal way of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how their property was to be administered after death. These proceedings take place in probate courts.
How to begin the probate process for a house in Houston
The probate process begins after a person dies. Soon after, the seller is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. Typically the price is based on the agent’s suggestion and an independent appraisal ordered by the probate court.
Note: The seller needs to familiarize themselves with the local real estate market to avoid being short-changed. This can be avoided by choosing the right partner in Houston, which would be us, Gemstone Properties Group. Click the link here, fill out the form and we’ll help you get started now.
My property is on the market. Now what?
After the property is on the market, the seller waits for the buyers to make offers. Once this process is complete, the executor decides who should buy the property based on the prevailing market conditions and the condition of the property in question. In this case, we would suggest you choose Gemstone Properties Group to purchase your property.
Want to sell your house in Houston fast (and securely)?
We have been in this industry for years, and we have helped hundreds of sellers get rid of unwanted estate related properties. If you are interested in choosing us as your partner in Houston, you are always free to contact us through our website form and our social media pages and give us a call at 8232252383. For immediate assistance, you can leave an message on our site, and we shall call you within the shortest possible time. In addition, you can call or text, and we shall respond within 24 hours.
We are always here to help walk you through the probate process for a house in Houston. We look forward to speaking with you.