Selling an inherited home in TX is not as easy as people think! Read on to learn how to sell a house you inherited in Dallas TX…
First of all, there is always that emotional part of preparing a loved one’s house to get it ready for sale – which most likely includes depersonalizing his or her rooms and also clearing out all of their belongings… Then there’s the cost of marketing the house in order to attract potential buyers.
Usually heirs get to deal with the high costs of liens and other issues that are associated with the home, and consequently, disagreements may inevitably arise.
We at Jamie Buys Houses have compiled a few points that should help steer you in the right direction, should you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in Dallas, without having to sweat much.
Making the probate process go smoothly
Get some advice
The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify your ownership. Seek advice from a real estate attorney. Get info from other experts too. And completely utilize this site too of course. We can also give you a fair deal for your inherited local Dallas house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in Dallas
Before you embark on the selling process, your house must go through a probate. Most counties allow for a summary probate – which is just a simple process that takes a very short time and involves less legal processes. Once your house passes the probate process in Dallas, you can then put it on the market.
Tax consideration
The tax basis of your property is the house value on the date that the person who willed you died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes.
How to sell a house you inherited in Dallas
Agreeing to sell
If you are ready to sell your house in Dallas, you can inform the executor to petition the court in order to get the “go ahead” sign and proceed with the sale from the there. Problems always arise when siblings who share the inheritance have different views – some may want to sell the house while others may not be up for the idea. If there are multiple parties in disagreement, that’s a great time to involve your estate lawyer who can help advise and potentially mediate if necessary.
Preparing to sell
A house that belonged to an elderly person may require repairs and a bit of updating before you can put it up for sale. You will need to get rid of everything! You can choose to hire an inspector to note potential issues and recommend possible repairs. Although you can sell a home in Dallas “as is” you may be forced to accept a lower price, especially if your house requires extensive repairs or cleaning.
Here at Jamie Buys Houses however, we will always give you a fair deal and help you get as much value from your inherited house as possible. We often times buy local houses in Dallas, repair and fix them up and either rent them out or sell them to someone else looking for a great deal.
If your local Dallas house meets a few simple qualifications, we can buy your house fast.