Welcome to the first of a series of six articles about selling a house in Probate. Buying and selling of real estate is big business in any market. Even though building has fully commenced since the housing crash of 2008, there is still a shortage of houses for people in which to live and offices for people to work. Despite this fact, real estate transactions can be a very risky propositions; especially when it comes to probate property if the prospective buyer doesn’t understand the probate process for a house in Brevard County, Florida.
So what is a probate anyway?
Probate is a legal way of administering the property of a deceased person (decedent). If the decedent leaves a valid will it must be admitted to probate in the Court. If the will is not admitted it will be ineffective to pass title to the beneficiaries. If the decedent has no will, probate is necessary to pass ownership of the assets to those persons who are to receive them. The probate court proceedings can take a long time, but sometimes they can end up being the best real estate deals that any buyer or seller might get in Brevard County.
How to begin the probate process for a house in Brevard County
After a person dies, a petition for probate and notice is filed with the clerk of courts after which the court appoints a personal representative and allows the probate process to begin. The personal representative has a legal duty to administer the probate estate, including paying all debts before distribution of the estate to beneficiaries. Normally, if this involves the sale of the real estate, the property is advertised just like any other real estate properties. The price is based on an agent’s recommendation and an independent appraisal ordered by the probate court. If the house is not already in pristine condition, it will require cleaning and repairs to get the best price. Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. Cleaning, repairs, and oh agent commissions can be avoided by choosing the right partner in Brevard County and that would be us, House Beagle. Click the link here, fill out the form and we’ll help you get started now.
Okay, my property is on the market, now what?
After the property is advertised on the market, it is up to the seller to wait for the buyers to make offers on the property. The final approval of the house sale is made by the probate court, after which the buyer will still need to schedule and approve an inspection and finalize their loan. In this case, we would suggest you choose House Beagle to purchase your property because as you can see from our website we help you find the best option for you without all the added costs of selling probate property in Florida.
Want to sell your house in Brevard County fast (and securely)?
We have been in this industry for years and our reputation speaks for itself. If you are interested in choosing us as your partner in Brevard County, you are always free to contact us through our website form, our social media pages, or giving us a call at (321) 549-8686. For immediate assistance, you can leave an email message on our site and we shall call you within the shortest possible time. Additionally, you can leave a text message and we shall respond as soon as possible, usually within the same day.
We are always here to help walk you through the probate process for a house in Brevard County. We look forward to meeting you!