Are you wondering how you can sell an inherited Texas land fast? We’ll tell you how, so don’t fret.
First off, we want you to know that We Buy Fast Houston Houses knows that this is a difficult time for you. Losing a loved one is never easy for anybody. It’s going to be a challenging time, especially if you have to take into consideration the stress that you and your family will be going through while distributing the assets left behind.
The Texas land is obviously one of these items to be distributed if you’re here reading this. Selling Texas land is a different process from that of selling a typical Houston home. The property won’t offer you the same utility level as a house, which can be rented, or lived in. You’ll encounter a different set of challenges here. To be honest, if it’s in a remote area the local market will be limited and so is the financing available for buyers. Marketing it won’t also be a cakewalk because let’s face it, people would rather buy a home that’s in a good condition than spend years constructing their idea house. Most individuals or families prefer selling the land that they’ve inherited in Texas because they don’t have intended future use for it.
Selling my inherited Texas land
After inherited land in Texas, you’ll have two options: to either hold onto it or sell it fast for cash. Those who choose to sell do so because they don’t see how the property will serve them in the near future. But because the property will have more than one heir, all the family members will have to have a say on how the land is to be sold. The first step should be to have a sit-down with all the members who have an interest in it and make sure you are all speaking the same language. This is usually the hardest step because most families are dysfunctional to a degree. Some members may not like each other and feel like frustrating efforts made by other members. Ensuring everyone is on board with the plan will help the sale go through fast and thus save a lot of time in the process.
Probating the estate
You can only offer clear title to the property after you file probate. This typically requires a legal proceeding and legal counsel and often takes a couple of months to complete. During the probate court proceedings, the will’s executor will be given the mandate to distribute the assets and this includes the Texas land. To market a property with a clear title, it will have to be transferred to the executor’s name.
Finding the right Texas buyer
You can be involved in the process if you want to be. You should also know that you’ll have several options to explore. For example, you can sell online, or sell fast to a cash investor. selling to a professional might be the best option because it will help you sell fast and without hassling.