The first thing you may be asking yourself is, “What is probate?” You’ll then be asking yourself, “Why would I need to worry about selling a home in probate?” Well, the truth is that you’ll never fully anticipate finding yourself in this scenario, but when it happens it’s best that you’re informed of how you can prepare yourself for the best possible outcome.
Probate is the process of reassigning the property to the beneficiaries after the 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 and in some cases it is not.
Whatever is the situation, the property is reassigned to the heirs with the court of law, and this extensive thorough process is known as probate.
Sometimes a question arises, “can a house be sold while in probate in Florida?“, and the answer is that it can be sold if simple steps are followed. As real estate investors in Florida, Sunrise Offers advises 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 Florida.
Can a house be sold while in probate in Florida? Yes, but make sure to follow these steps first!
The process of selling through probate requires an official petition through the local court house, so be sure to follow the steps because any misstep could hold up the process and could see significant recourse when doing it the wrong way. Some investors will push you one direction to get the sale and it end up creating more stress for you when it’s not necessary.
Property Appraisal
With the help of the 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 Florida that has already sought property appraisal. But it’s not hard stop for us. At Sunrise Offers we are here to help you out any way we can. If you need assistance getting an appraisal before you are looking to sell for cash through probate, we can help with that.
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 Florida along with mentioning the methods of sale.
Then with the help of the independent appraisal, fill out the form and wait for the approval from the court.
An investor will be looking into the fact that the seller has gone through the process of obtaining the petition as it could hold up the sale of the home.
Place your Property for Sale
Next step is placing your property on sale. Be sure to inform the buyer about the matter that the property will be sold only after confirmation from the court as it is on probate. As stated previously, real investors only buy the property that is on sale after seeking 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 property qualifies for a quick all cash offer.
Seek the Court for Confirmation
As a buyer, you have to seek the court for confirmation to confirm the sale of your property in Florida. Generally, hearings take place within a period of 20 to 40 days. Please do not forget to make arrangement and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves we tend to ensure the fact that the seller seeks the court for the confirmation soon.
Advertise in Local Newspapers
Inform about the sale and advertise it in local newspapers. This is done so that the public is informed about the property sale during probate period. It also allows open bidding for the other interested people so that the property gets the best price. So if you are seeking to buy property on probate period in Florida, you can bid in the court hearings. We often come to know of good property on probate through the local newspapers. In today’s digital age it’s possible to find the property elsewhere, but nothing beats good ole local news as it has been the main source forever.
Attend the Hearing
Attend the hearing of the court. 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 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 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 estate investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Florida, then we can help.
At Sunrise Offers we are here to help you with your situation because we care about the homes we are buying, but more importantly we care about the people we are buying from. If you need assistance getting through the process of selling your home we will be there to offer help any way we can. You shouldn’t feel lost or alone throughout the process especially in a situation such as this.