Contrary to what most people think, selling an inherited home in TX is not so easy! Read on to learn how to sell a house you inherited in College Station, TX.
First, there is always an emotional attachment in preparing a loved one’s house for sale. This includes depersonalizing his or her room and clearing out their belongings. After all that, money has to be spent to market the house to get a potential buyer.
Usually, heirs get to deal with the high costs of liens and other issues. Consequently, disagreements may arise.
Therefore, here are few points that we at Texas Direct Home Buyers have put together to guide you to the right path if you find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in College Station, without having to sweat much.
Making the probate process go smoothly
Get some advice
Getting professional advice is the number one step to take. You need to understand the status of the house and verify who the owner of the house is. You can contact real estate attorneys and experts for advice and information. You can also completely utilize this site too. We can offer you a fair deal for your inherited College Station house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in College Station
It is essential that your house goes through the probate process before you put it up for sale. A summary probate is allowed in most countries. Summary probate is a simple process that doesn’t consume much time and involves less legal processes. After passing the probate process in College Station, you can go ahead and place your house on the market.
The value of your house on the date of the person’s death is the tax basis. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
How to sell a house you inherited in College Station
Agreeing to sell
To proceed with the sale of your house in College Station, you need to inform the executor to petition the court to get the “go ahead”. Problems can arise when siblings who share in the inheritance have different views regarding selling. For instance, some may wish to sell the house while others disagree. If and when this happens, it is important to “disagree to agree”. It is also important to involve your estate lawyer in this stage.
Preparing to sell
You may need to repair and update the house before you can sell, especially if the house belonged to an elderly person. You will need to get rid of everything! You can choose to hire an inspector to note potential issues and recommend possible repairs. If your house needs extensive repair or cleaning, you can still sell your home in College Station “as is” but at a price below its market value.
Here at Texas Direct Home Buyers , we will always give you a fair deal and help you get as much value from your inherited house as possible. We often buy houses in College Station, fix them up, and rent them out or sell them to someone else looking for a great deal.
If your local College Station house meets a few simple qualifications, we can buy your house fast.
You can fill out the form or pick up the phone and give us a ring anytime at (979) 431-1663