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Many South Tampa property owners find themselves looking for information about selling a house before probate. This is either because they have inherited a house through a will or have been named as executor in this document.
This is a situation that raises the need to find answers to several important questions. One of those important questions is “can you sell a house before probate is completed?”
Individuals who ended up with an inherited home often can’t or don’t want to keep it. It could be their parent’s home where both parents are now deceased. One option is to put the house on the market but the question is, “can you sell an inherited property before probate?”
If a will exists chances are a family member who is close to the deceased is aware of this important document. It may be that a particular person is named as the executor in the will or as personal representative for the estate. The executor has the duty and obligation to see that the last wishes as outlined in the will are fully carried out. If a property is involved in the estate, such as a house, this most likely will have to go through a probate process.
Individuals who have inherited a house may not realize that it has to go through a probate process. They may attempt to put the house on the market for sale. If they use a Realtor to attend to this, an experienced agent will know that the house must go through the probate process, in order for a sale to be legal.
The next question that often is raised is can you sell a house that is already going through probate?
In Florida for example, the personal representative of the estate may contract the property for sale with a buyer. As long as the buyer is patient with the probate process, this can lead to a transaction closing as soon as the court approves a representative of the estate as the rightful owner of the property and makes what is known as a determination of homestead.
Potential buyers must be told that a sale can only be finalized after court confirmation.
Buyers will have to obtain confirmation of the sale from the court handling the probate case.
Selling an inherited property that needs to go through probate can be a stressful experience and you need to make sure you have a patient buyer who will work with you as the courts complete the probate process. If you feel the property is likely to be a teardown we can quickly work with you to get a fair offer from one of our builder partners who will buy your family’s property.
When you’re ready, we are ready to move quickly so your family can get a cash offer within 24-48 hours from a local builder.
With our builders, you won’t have to worry about any repairs, commissions or closing costs and you can receive a quote very quickly. We close in situations like yours all of the time.
If you need to sell your South Tampa house fast and would like to get a no-obligation cash offer, call us now at 813-784-4199. Whether you decide to sell your house to us or not, we would like to help answer questions you might have about the process. Robert Wilson – EXIT Bayshore Realty.