Buying and selling of real estate is big business in any economy in the world. As a 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 very risky propositions! Especially when it comes to probate property, if the prospective seller or buyer doesn’t understand the probate process for a house in Floresville .
So what is probate anyway?
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 his or her property was to be administered after they are dead. These proceedings take place in probate courts. This is handled through the courts and takes a couple of months or more depending upon the complexity of the situation. If one passes away without a will, it will take more time. The court has to determine all the heirs and what their relationship is to the homeowner and how to divide the estate properly.
How to begin the probate process for a house
The probate process begins after a person dies. Soon after this, the heir(s) is expected to inform the court, which appoints an attorney to take care of the case. Once this is done, the attorney advises the heirs when the property can be offered for sale. The price can be based on the court’s opinion based upon an independent appraisal ordered by the probate court. If probate has not been closed, the court has to approve the final sale.
Note: It is important for the seller to familiarize themselves with the property to avoid being short-changed. This can be avoided by choosing the right partner in Floresville and that would be us, Faye Y Taylor with StepStone Realty. Click the link here, fill out the form and we’ll help you get started now.
Okay, my property is on the market, now what?
Now, after the property is advertised on the market then it is up to the seller to wait for the buyers to make offers on the property. Once this process is completed, the final decision is made by the probate court. Each case will be handled on a case by case basis on who should buy the property if there is more than one interested buyer. If the estate has finished the probate process, the person who is appointed as the executor of the estate is empowered to make the decisions for the disposition of the owner’s property without the court’s approval.
Sometimes these properties can end up being the best real estate deals for both parties. The buyer gets a good price on a house and the seller no longer has the burden of taking care of that property…
Want to sell your house in Floresville fast (and securely)?
We have been in this industry for years and our reputation speaks for itself. If you are interested in choosing us as your partner in Floresville, you are always free to contact us through our website form, our social media pages, as well as giving us a call at (210) 216-7722. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time. In addition, you can leave a text message and we shall respond, as soon one of our real estate agents is free.
We are always here to help walk you through the probate process for a house in Floresville, we look forward to speaking with you. 🙂
Call us today at (210) 216-7722 to get your different options for your inherited house today!
As the Floresville Real Estate Agent – Faye Y Taylor is here for your questions and to help
**I am not a lawyer nor a practicing accountant. This Website provides general information related to the legal matters designed to help but does not provide legal advice. Although we work to make sure our information is accurate and useful, we recommend you consult a lawyer if you want legal advice. No attorney-client or confidential relationship exists or will be formed between you and us.