selling a house while it’s in probate in San Antonio TX?
Probate is the process of reassigning property to beneficiaries after a 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, in some cases, it is not.
Whatever the situation, the property is reassigned to the heirs by the court of law, and this extensive and thorough process is known as probate.
Sometimes a question arises, “Can a house be sold while in probate in San Antonio TX?“, and the answer is that it can be sold if simple steps are followed. As real estate investors in San Antonio TX, Pronto House Buyers advise sellers to go through the following steps and also suggests other investors check the procedures when they go for buying property on probate period in San Antonio.
As real estate investors in San Antonio TX, Pronto House Buyers advise sellers to go through the following steps and also suggests other investors check the procedures when buying property in probate in San Antonio.
Can a house be sold while in probate in San Antonio, TX? Yes, but make sure to follow these steps first!
Property Appraisal
With the help of an 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 San Antonio 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 San Antonio along with mentioning the methods of sale.
Then with the help of the independent appraisal, fill out the form and wait for approval from the court.
An investor only buys the property that has already completed the procedure of obtaining the petition, and we do look into the fact that the seller has gone through the process of obtaining the petition.
Place your Property for Sale
The next step is placing your property up for sale. Be sure to inform the buyer about the fact 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 for sale after seeking a 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 San Antonio property qualifies for a quick all-cash offer.
Seek the Court for Confirmation
As a buyer, you have to seek the court’s confirmation to confirm the sale of your property in San Antonio. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangements and take 10 percent of the price from the buyer before the date of your hearing from the court. As investors ourselves, we tend to ensure that the seller seeks court confirmation soon.
Advertise in Local Newspapers
Inform people about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during the probate period. It also allows open bidding for other interested parties so that the property gets the best price. So if you are seeking to buy a property during the probate period in San Antonio, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers.
Attend the Hearing
Attend the court hearing. 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 the 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 new 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 properties that follow all the procedures and abide by the rules of the court.
If you’re looking for a REAL investor to buy your property in San Antonio, then we can help.