Q: Are there any specific contract terms required for sale of home in probate in Texas by an independent administrator?
Some websites claim it must be 90% of appraised value and buyer must put 10% down with no contingencies.
A: There are not specific contract terms other than listing the true owners name. Most often you will be acting for “ The Estate of ____” so that language may be necessary.
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A: Note: Your letters of administration give you the authority to act on behalf of the estate.
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