Probate / Inherited

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Need to sell a house in Probate?

The process of selling real estate (real property) through probate or trust is a series of court-regulated steps that must be carefully monitored and managed. Deadlines are unforgiving, documentation is specialized and the court’s oversight must be honored throughout the marketing, offers, negotiations, and sale of the property.

Have you recently inherited a property and don’t know what to do with it?

A big percentage of sellers that we work with are in the same situation. We find that a lot of times, the heirs to an estate have inherited a property that is located in a totally different city or state from where they live. This makes it very difficult and expensive to manage a property. Especially one that, in a lot of cases, may already be behind on maintenance fees and taxes. If you have inherited a house that you need to sell quickly, Property Nation is going to be your best solution. When selling to Property Nation, there’s never any haggle or low-ball offers either.

How To Sell Inherited Real Estate in Probate:

In essence, probate is the legal process of assembling together the assets of the deceased and then paying off all debts and taxes. Any remaining assets are distributed to the inheritors. When selling to Property Nation you can:

Sell quickly, and go under contract before the probate is finished.
We can help coordinate an estate sale if needed.
No repairs needed, and we’ll help you remove junk in the property.
We are Certified Probate Experts with a CPE accreditation.
We have a network of attorneys ready to help if you need or are not happy with your current attorney.

Next of Kin: What You Need to Do

The passing of a loved one can bring on great emotional stress as well as financial issues. Don’t overlook the emotional costs associated with putting a family member’s house on the market. Packing up personal belongings and cherished heirlooms is a difficult process. When others are involved in making decisions, the situation can become complicated. Differing opinions on the selling price of the home – or whether to sell the house at all – can make an already difficult situation seem impossible.

Make Necessary Preparations

It’s important to slow down and take extra time before making any big decisions:

Check to see whether there are any liens on the property.
Check the status of the homeowner’s insurance on the property to make sure that it is current. Also, make sure that the estate or trust is listed as the insured. That way, you are insured in case anything happens before you’re able to sell the house.
Make sure that all mortgage payments are up to date, as well as property taxes and utility bills. The last thing you’ll want to deal with is a foreclosure notice or disconnected utilities.
After you sell the house, you’ll have to pay off the remaining mortgage balance (if any), as well as real estate commissions, taxes, and all other closing costs.

Choosing a Certified Expert

It’s important to choose a Certified company that understands the probate process in detail. At Property Nation, we are Certified Probate Experts (CPE). Houses that are involved in a Probate usually (but not always) are behind on maintenance fees, are outdated, and may even need thousands in repairs. There are also state deadlines, taxes, and laws to consider. Having a CPE like Property Nation by your side can simplify this entire process. You can sell the house quickly, and get paid all cash while saving the estate and the other heirs from having to deal with complicated issues. Sometimes, uncooperative heirs, judgments, and other obstacles arise. This can prolong the process, causing some people to walk away from the deal. Unlike a traditional buyer, Property Nation is willing to wait out the legal process, EVEN if it takes a year or more. Once you’ve come to an agreement as far as how to establish an acceptable purchase price, and how soon you’re ready to get rid of the property, then it’s time to contact us.

Get Professional Advice

Laws vary from state to state, and sometimes from one city to the next. Consult with an estate planner or an attorney with professional knowledge about selling inherited real estate. There may be important legal or tax implications, including capital gains taxes on the sale of the property. You will also want to talk to a real estate agent to get information about the local housing market. The property may be worth much more (or possibly, less) than you think.

Talk to our Real Estate Experts

Once you know that you are ready to start getting offers on your inherited house it’s best to talk with our experts. If the house requires extensive renovations, don’t start spending money just yet. You could be better off seeking cash offers from real estate investors like us here at Property Nation. We can purchase the home “as is.” without you having to spend a dime.

How Our Process Works

At Property Nation, you get an offer that works for you and works within the time you need to sell your house in Florida. At any time, if you have any questions about how it works, give us a call at 305-928-2711 or fill out our 30-second form.

We Buy Houses Fast In 3 Simple Steps

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Get started by filling out the secure form below or giving us a call to (305) 928-2711. Don’t worry, we do not share your info with anyone else!

GET YOUR OFFER

Once we go over any questions or concerns you may have, and present you with a no-obligation offer. You decide if to accept it or not.

GET PAID

Close on the date of your choice at a title company's office or in the comfort of your home – Cash in your hands!

“Federica contacted us and made this whole process very easy. The sale and the closing was very quick, closing fees were very reasonable, and title company was very easy to work with.” –

Robin K.

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