If you have inherited a home in Texas, you know it’s not as easy as most people might think.
First, there is always an emotional side to preparing your loved one’s home for sale. This most likely includes some bit of depersonalizing his or her rooms and clearing out all of his/her belongings. On top of that is the cost of marketing the house to attract potential buyers interested in the home.
Usually those who inherit property have to deal with high liens and other potential issues. It is not uncommon for disagreements to arise as a result.
Therefore, we have compiled a few points that should help you move in the right direction if you ever find yourself in this situation. Here are some tips on how to sell a house you inherited in Fort Worth, without the added stress.
Making the Probate Process Go Smoothly
Get some advice
The first step you should take is to get some professional advice. You must understand the status of your house, verify your ownership, seek advice from a real estate attorney, get information from other experts and completely utilize this site too, of course. We can also give you a fair deal for your inherited local Fort Worth house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in Fort Worth
Before you embark on the selling process, your house must go through probate. Most countries allow for a summary probate, which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Fort Worth, you can then put it on the market.
The tax basis of your property is the house value on the date that the person who willed you died. 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 Fort Worth
Agreeing to sell
If you are ready to sell your house in Fort Worth, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from there. Problems always arise when siblings who share the inheritance have different views; for instance, others may want to sell the house while others may not like the idea. If and when this happens to be the case, it is important to “disagree to agree.” It is also important to involve your estate lawyer in this stage.
Preparing to sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it up for sale. You will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in Fort Worth “as is,” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at Watts Buys Houses, however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We oftentimes buy local houses in Fort Worth, repair and fix them up and then either rent them out or sell them to someone else looking for a great deal.
If your local Fort Worth house meets a few simple qualifications, we can buy your house fast.
Fill out our contact form or give us a call at (682) 233-5658 for more information