469-569-8774

True North Realty
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Compassionate Solutions for Inherited Homes

 Inheriting a property can be overwhelming, especially when the house requires updating, cleaning, or repairs. At True North Realty, we don't believe in a one-size-fits-all approach. We act as your strategic advisor to help your family choose the path that makes the most financial and emotional sense for your specific situation.

We offer two distinct solutions for inherited estates:


Option 1: The Fast, "As-Is" Sale If your family’s priority is speed and simplicity, we can provide a fair, as-is solution.

  • Zero Repairs or Cleanout: Leave the belongings you don’t want, and don't spend a dime on fixing the roof or updating the kitchen. We take the property exactly as it sits.
  • Close on Your Timeline: Whether you need to settle the estate in two weeks or need a few months to process, we work entirely around your family's schedule.


Option 2: The "Fix & List" Maximum ROI Plan If your family’s priority is walking away with the absolute highest net profit, a few simple, strategic updates can often yield a massive return on investment. We manage the process from start to finish.

  • Guided Renovations: We advise you on exactly which simple repairs will actually increase the home's value, and which ones are a waste of money.
  • Zero Out-of-Pocket Costs: Don't have the cash on hand to update the property? We can connect you with specialized financing partners who cover the renovation costs upfront.
  • Paid at Closing: You don't pay a single dime out of pocket. The renovation costs are simply paid directly out of the proceeds when the house sells at the top of the market.

 

Option 3: The Custom "Hybrid" Strategy No two estates are exactly alike. Sometimes the best path isn't a strict cash offer or a full-scale renovation—it's a customized approach designed specifically around your family's unique situation.

  • Tailored to Your Goals: We sit down with you to review the property's condition, the legal timeline of the estate, and your financial goals to build a personalized roadmap.
  • Creative Problem Solving: This could involve minor cosmetic updates paired with a private off-market sale, navigating complex tenant situations, or structuring terms that benefit multiple heirs.
  • A True Partnership: We don't push you into a pre-packaged box. We explore every angle so you can make an empowered, educated decision.

What to Expect - Texas Probate Timeline

Month 1: Filing the Application

The process begins by filing the will (if there is one) and an application for probate with the county court. The court then enforces a mandatory waiting period of about two weeks before scheduling a hearing. 

Month 2: The Hearing & Appointment

  1.  A judge reviews the application. If everything is in order, they officially appoint the Executor or Administrator and issue "Letters Testamentary," granting the legal authority to manage the estate and the property. 

Months 3 to 4: Inventory and Creditors

 Within 90 days of being appointed, the Executor must submit a complete, sworn inventory of all the estate's assets to the court. During this time, legal notices must also be published in a local newspaper to alert any unknown creditors. 

Months 5 to 8: Resolving Debts and Taxes

  •  Before a house can be sold or assets distributed, all valid debts, mortgages, and final taxes must be settled using the estate's funds. 

Months 9 to 12+: Distribution and Closing

 Once the court clears the estate of its debts, the remaining assets and property can finally be distributed to the heirs, and the estate is officially closed. 

Need to move faster?

 If a 12-month legal process doesn't align with your family's needs, reach out to us today. We specialize in creating custom exit strategies that can dramatically accelerate your timeline. 

Custom Evaulation

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True North Realty

120 E Farm To Market 544, Plano, TX, USA

469-569-8774

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