Buying and selling of real estate is big business anywhere in the world. As a population increases, more houses are needed for people to live in and offices for people to work in. We are have read about shortgage of affordble homes in the United States. Despite this fact of life, real estate transactions can still be very risky propositions! Especially when it comes to probate property, if the prospective buyer doesn’t understand the probate process for a house in McAllen, TX.
So what is a probate anyway?
A 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. That applies usually for estates worth more than $75,000… Sometimes they can end up being the best real estate deals that any buyer or seller might get in McAllen…
How to begin the probate process for a house in McAllen
The probate process begins after a person dies. In Texas probate may be necessary to tansfer a property or title, pay liens/ creditors, determine the heirs, and resolve disputes. Always it is importnt to seek legal advice to see what is best in each situation.
After the person dies, the seller is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. The price is based on the agent’s suggestion and also from an independent appraisal ordered by the probate court. Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in McAllen and that would be us, Dolfin RGV. Click the link here, fill out the form and we’ll help you get started now.
Some factors that may affect probate and make the process longer are:
- dealing ith a compex estate
- will context, that means, there is a chalenge to the will
- beneficiaries disagreements
So the property finally gets on the market…
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 on who should buy the property based on an auction if there was more than one interested buyer…. In this case, we would suggest you choose Dolfin RGV to purchase your property because as you can see from our website we have not only given the best deals on probate property in TX but also on short sales!
Want to sell your house in McAllen 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 McAllen, you are always free to contact us through our website form as well as giving us a call at (956) 904 5234. For immediate assistance, you can leave an email message and we shall call you within the shortest possible time. In addition, you can leave a text message and we shall respond, usually within 48 hours.
We are always here to help walk you through the probate process for a house in McAllen, we look forward to speaking with you. 🙂
Call us today at (956) 904 5234 to get a cash offer on your inherited house today!