Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away they leave their loved ones and their property behind. Sometimes the last will or the Testate is left behind by the person and in some cases it is not.
Whatever is the situation, the property is reassigned to the heirs by the court of law, and this extensive thorough process is known as probate.
Sometimes a question arises, “can a house be sold while in probate in Fort Worth TX?“, and the answer is that it can be sold if simple steps are followed. As real estate investors in Fort Worth TX, Texas Best Home Buyers advises sellers to go through the following steps and also suggests other investors check the procedures when they are buying property during the probate period in Fort Worth.
As real estate investors in Fort Worth TX, Texas Best Home Buyers advises sellers to go through the following steps and also suggests other investors check the procedures when buying property in probate in Fort Worth.
Can a house be sold while in probate in Fort Worth, TX? Yes, but make sure to follow these steps first!
Property Appraisal
With the help of the independent certified appraiser, a property can be appraised. You can very easily look for an appraiser in the local phone book or by contacting a real estate agent for their recommendations.
So, as real estate investors, we look for buying property on probate in Fort Worth TX that has already sought property appraisal.
Obtain the Petition
When you are in the process of selling the property during the probate period you have to seek probation from the court. So fill out the petition form and provide all the details related to the sale of the property in Fort Worth along with mentioning the methods of sale.
Then with the help of the independent appraisal, fill out the form and wait for the approval from the court.
An investor only buys the property that has already completed the procedure of obtaining the petition, and we do check to verify that the seller has gone through the process of obtaining the petition.
Place your Property for Sale
Next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court as it is in probate. All real investors only buy the property that is on sale after seeking court petition. If your property matches these conditions then we might be able to take it off your hands.
Fill out the form to see if your Fort Worth property qualifies for a quick all cash offer.
Seek the Court for Confirmation
As a buyer, you have to seek the court for confirmation to confirm the sale of your property in Fort Worth. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangement and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves we tend to ensure the fact that the seller seeks the court for the confirmation soon.
Advertise in Local Newspapers
Inform about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during probate period. It also allows open bidding for the other interested people so that the property gets the best price. So if you are seeking to buy property during the probate period in Fort Worth, you can bid in the court hearings. We often come to know of good property in probate through the local newspapers.
Attend the Hearing
Attend the hearing of the court. This is the place where bids are done and buyers and real estate investors come for bidding. After the final agreement is done the cashier’s check is given to court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court… We tend to always pay some money as a deposit of the original price, to the court after the contract has been confirmed.
After this, you can complete the contract with the buyer after the above-written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Fort Worth, then we can help.
By REAL we mean an investor with a very high level of integrity and outstanding customer service. We encourage you to research any company you work with thoroughly. Check their standing with the Better Business Bureau and their presence and performance in the market.
Before working with a direct sale investor be sure to get a CMA or Comparative Market Analysis of your property from a trusted real estate agent to get a good idea of what your home would sell for on the open market. Most agents will provide this for you for free and with no obligation. There are also home value estimators you can use online to get a ballpark figure. Then you can compare that with any offers you get from a direct sale investor. Most direct sale homebuyers will offer you the value that your house could sell for on the open market once it’s all fixed up minus repair costs. Definitely don’t work with any company that uses high pressure tactics.
Texas Best Homebuyers would be happy to discuss your situation with you. Check out our very positive reviews and testimonials on this site. We strive to he helpful in every real estate transaction. We love solving real estate problems and helping families get out of tough situations. We’re local to the Fort Worth area and are based in North Richland Hills. We have more than 25 years experience helping people meet their real estate goals and find solutions to difficult situations.
If you have any questions about how we work, what the process of selling your house while in probate would entail, or if you just want to learn more about us, don’t hesitate to contact us anytime. We will get back to you promptly, usually within 24 hours.
Fill out this form or give us a call at (817) 808-4911 for a Fair Cash Offer
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