557. 5 Ways to Sell a Probate House Fast in Miami FL

If you have inherited a property in Miami, Florida, you may be considering selling it. However, selling an inherited house is not as easy as selling a typical property. This is because the house is likely in probate, or it will be soon.

Probate is the legal process of validating the will and appointing an executor, during which time debts are paid and remaining assets are transferred to the beneficiaries. If a property is in probate, it cannot be put on the market right away. The process can take six to eight months before the property can be sold.

But is it possible to sell an inherited house before probate?

In Florida, it is not possible to sell a house before probate. However, you may be able to go through a “summary administration,” which is the state’s streamlined process for certain probate estates. To qualify for summary administration in Florida, the property must not exceed a value of $75,000 (excluding any homestead exemption) and the deceased person must have been dead for more than two years.

Summary administration costs around $350 and typically takes between one and two months to complete. While this process does not allow you to sell the house before probate, it can speed up the process and allow you to sell the probate house faster.

In certain circumstances, the executor can sell the house during probate. However, title companies generally will not allow a house in probate to be sold.

As local Miami FL home buyers, we offer cash for houses in Miami FL and can help you navigate the probate process. We also explain five easy ways to sell a probate house fast in our blog post.

1. Find an Appraiser

When you inherit a house and you want to sell it, the first thing you should do is hire an independent appraiser. This will give you an accurate and unbiased sale price. Having an unbiased sale price is important because the deceased may have debts that need to be paid, and it will help you during the next step of the process.

2. Petition the Court

Once you have the probate house appraised, you must obtain permission from the court before selling it. You will need to provide information on how you plan to sell the house and at what price. Additionally, you should include the appraisal report to support your request.

3. Find a Buyer

Before you can start searching for a buyer or listing your house for sale, you need to obtain approval from the probate court. Once you have received the approval, you can begin the selling process.

If you want to sell your house quickly, it may be easier to find an investor who is willing to buy it. Investors are often willing to pay cash if they believe it is a good deal, regardless of the condition of the property.

However, if you decide to sell your house on the open market, it may take longer to find a buyer. You’ll need to be patient and flexible with the price and potential renovations.

This won’t only cost you time, but it will cost you money.

4. Make Sure the Buyer Has Financing

If you are selling a house to an investor, there won’t be any issues since they have the necessary working capital to purchase properties quickly. In other words, you will not have to go through the mortgage lending process.

However, if you are selling to a private buyer, you may have to follow the mortgage lending process, which can delay the sale. It is important to remember that the house is still in probate, so you do not want any other legal complications that could tie up the sale.

5. Attend All Meetings or Court Dates

You have inherited a property that you do not wish to keep. Your goal is to sell the house as soon as possible. Make sure to attend all meetings and court dates in person.

If You’re Looking for a Buyer, We Can Help

Selling a probate house can be a complicated process. However, we are here to help you out. Our team has successfully closed over 600 transactions since 2011 and we can help you close yours too.

If you are interested in selling your property, head over to 123SoldCash.com and read about the benefits of working with us. Once you are ready, fill out our online offer form and one of our knowledgeable staff members will be in touch within 24 hours.

Sell My House in Miami FL

If you need to sell your house in Florida quickly, 123SoldCash.com can help. We are local homebuyers in Miami, FL, and we aim to make the selling process quick and hassle-free for local homeowners.

If your Miami home qualifies, we can make you a fair cash offer. You can call us at (786) 904-1444 or fill out our online form to get more information or if you have any questions. We will be in touch with you soon.

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