Are You Going Through Probate, Or Have An Inherited House?
Just selling a house under normal circumstances can be stressful. When you are dealing with probate, or have inherited a house there can be an added layer of difficulty. We understand what it means when you have inherited a house. It can be a very overwhelming and emotional time. We put together some information for you to use going through the process to hopefully make things easier for you and your family.
What To Do First
- Find the will – If the owner of the house had a will, it is a simple process. Someone will be set as the executor of the estate. This individual will be in charge of settling debts before any money or property can be distributed to those stated in the will (beneficiaries).
- Probate – if there is no will, you will go through probate, and the court to legally settle the estate. Unfortunately, this can be a long drawn out process and is one of the sticking points as to why some houses just get left vacant.
- Pay off debts, remove liens and judgments – Before you can sell a house, you have to pay off the liens on the property. Liens are used by creditors, contractors, mortgage companies, and others to make sure that they get paid. Liens prevent you from selling or refinancing your house.
- Decide what to do with the house – do you want to move into the house? Does it make sense to keep it as a rental? These are all important questions to ask yourself and your family. In most cases, people want to sell the house to be able to use the money to take care of their families.
Probate and Inherited House Resources
We have put together some information that we hope will be helpful to you and can clear up some of the confusing parts of inheriting a house. Here is an article that discusses some expenses you should expect during probate. We want to be a resource for you and can explain more on topics like the tax consequences of an inherited house as well as the difference between probate and an inherited house. You may have just inherited a house and are wondering if you can sell it, or if there is a holding period.
We Buy Inherited Houses In Houston
At Brilliant Day Homes, we want to be a resource or you and can advise you regarding your best options when it comes to figuring out the inheritance/probate process. There can be challenges and complications that come up during the process, but we have the experience to get you through it.
If you want, or need to sell an inherited house or have some other issue that you need to be rid of your property, just give us a call (713) 903-2582 or fill out the short form below. We are here to help.
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