Selling a deceased parents’ property in Florida involves legal and emotional complexities. One of the major concerns regarding inherited properties is the probate process. People raise this question “Can I sell my deceased parents house without probate?” In this blog, you will understand the entire probate process, associated legal requirements, and potential challenges. This information could help you simplify the sale of property that you inherited from your parents.
Do you want to sell inherited property in Florida? Reach out to Quality Properties of Northwest Florida LLC to close the deal in days.
What is a Probate Process?
Before moving forward, it is important to understand the basics of the probate process. It is a legal procedure that verifies the will of a deceased person and authorizes the executor to distribute estate assets as per the will’s instructions. What if there is no will?
In such situations, you need to understand state laws that will guide you how to move forward in similar circumstances.
Can We Sell a Deceased Parents House Without Probate?
The answer to this question is not straightforward, as it varies depending on the situation. There are certain cases where you can sell an inherited property while avoiding probate. Let’s see what these are:
- Transfer on Death Deeds: In some cases, the homeowners are allowed to designate beneficiaries through Transfer on Death deeds. When the owner dies, the house is automatically transferred to the appointed beneficiaries. It avoids the probate process and ensures a smooth property sale.
- Living Trusts: If your deceased parent established and ran a living trust during his/her lifetime and transferred the property to it. The successor can sell that property without probate.
- Joint Tenancy with Rights of Survivorship: When a property was owned jointly with rights of survivorship, then the surviving owner inherits the property automatically upon the death of another. In such a situation, there is no need for probate process, and you can sell the property because you have the right of survivorship. Now people would be wondering: what if there were more than one survivor? No problem; the property will be distributed equally among the survivors with no need for a will or intestacy laws.
Key Strategies to Sell a Deceased Parents House Without Probate in Florida
When you know that probate isn’t necessary, you need to understand a few tips that could help you sell your property quickly.
Contact a Realtor
Florida is home to authentic real estate experts, so you can choose a reliable home selling partner. There is not much hassle in finding a trusted real estate agent. You can search for it through the internet or visit offices of top realtors in Florida. They have a strong pool of buyers and investors who are constantly looking for new opportunities. With their guidance you can sell your property within weeks. Now the important thing: How much fee does a realtor normally charge? Typically, they charge 5% -6% of the home value. If you can afford to lose a few thousand dollars then this investment is worth it.
Evaluate Legal & Ownership Documents
Whenever you are ready to sell an inherited property, you need to verify the documents that include a will, property title, or trust. If everything is fine, you can start the sales process.
Prepare Your House for Sale
To make your house attractive to potential buyers, you need to clean your lawn, rooms, and other areas. Create a beautiful landscape to further enhance its beauty. Paint the front walls and doors to give a tidy look to the viewers.
Advertise your House
When you are done with the preparations, you can contact your real estate agent to advertise your house to potential buyers. If you cannot afford to pay their fee, you can list your property via online platforms.
Can We Sell a Deceased Parents House During Probate?
What happens if probate is certain? Well, it’s complex but there is a way – simple, straightforward, and quick.
A home buyer like Quality Properties of Northwest Florida LLC is a perfect solution in such a situation who offer fast and fair cash offers in days. Whether you are facing foreclosure or encountering a probate process, cash buyers are ready to purchase your house.
Why Quality Properties of Northwest Florida LLC?
There are certain aspects that make them unique:
- Fast Process – The average time taken to sell Florida homes is 79 days. If you are facing critical situations, such as probating an estate, you need to wait for a long time. Quality Properties Cash Buyers can buy your property within 7-14 days.
- No Repairs Required – According to a survey, home maintenance costs may differ, ranging between $1,000 to $15,000. Quality Properties purchase homes as-is no matter what condition your house is in.
- Hassle-Free Process – They offer an effortless process that allows you to sell your home quickly. No maintenance, no home cleaning, no showings – cash in hand.
- No Consultation Fee –While selling a home through the traditional route, it is important to hire a real estate agent. A realtor charges hefty fees which are not affordable for a person undergoing financial issues. For a house sold at $200K, it’s $12,000 gone. You can avoid this cost, as Quality Properties don’t have any consultation fees.
Final Words
Coming back to the same question: can I sell my deceased parents’ house during probate? In some cases, you can sell your inherited property but if probate is imminent, you have other options too, such as cash home buyers.
Contact Quality Properties of Northwest Florida LLC to get a fast and fair cash offer in a day.
Frequently Asked Questions
When is probate required?
Many people ask: what is probate when someone dies. Remember, probate is a legal process, and it is required when a deceased person’s owned assets are solely in their name. In such cases, it becomes difficult to ensure fair distribution of assets among inheritors, so they need a legal process, i.e., probate to get their fair share.
Can I sell my deceased parents house without probate in Florida?
Yes, you can sell your deceased parents’ house without probate in following cases:
- When you have a right to survivorship
- Transfer on death deeds
- If your parents established a living trust and transferred property to it.
How to sell an inherited property for cash?
You can sell an inherited property for cash by choosing a reliable home buyer, such as Quality Properties Cash Buyer.
