381. What to Know about Selling an Inherited House in Miami FL

If you have inherited a house in Miami, Florida, and are looking to sell it, we can help. At 123SoldCash.com, we understand that selling an inherited property can be an emotional and stressful task, especially if there are multiple inheritors involved. That’s why we offer a hassle-free process that takes care of everything for you.

To get started, here are some important things to keep in mind:

1. Verify ownership:

It’s essential to verify ownership of the inherited property in Miami. You should do your research and consult with a real estate attorney to make sure you have all the necessary documentation.

2. Determine your goal:

If you are selling the inherited property with other inheriting parties, it’s crucial to come to an agreement on the desired outcome. Determine your goal and ask yourselves questions such as: Do you want to just be done with it and walk away breaking even? Do you believe there is a profit to be made? How much? Who will handle the negotiations? Have you researched the market value of the home? Do you want to deal with home repairs and buyer demands or do you want someone to do this for you? By answering these questions, you will be able to make a more informed decision.

3. Start the probate process:

If you decide to sell the inherited property on your own, the next step is to start the probate process. Most counties allow for a summary probate, which is a simple process that can be done in a short time (4-6 weeks). However, sometimes even summary probate can take months, depending on various factors.

4. Petition the court:

Once you’re ready to sell the house, have your executor petition the court for the “go-ahead” to do so. Make sure any disputes between siblings are acknowledged, and this is best handled with a professional. We can help you find a reputable real estate attorney for this sensitive matter.

5. Consider taxes:

Remember to factor in taxes when calculating any profit. The tax basis of your property is the house value on the date that the person who willed the house to you died. The difference between the amount you realize from the sale and the value is the gain on which you owe the taxes.

At 123SoldCash.com, we make the process of selling an inherited property in Miami as easy as possible. We buy houses in Florida every week and handle all repairs and updates, renting or selling them to someone else looking for a great deal. If your local Miami house meets a few simple qualifications, we can buy your house.

Sell My House in Miami FL:

You can sell your inherited Miami FL home fast. We buy houses in Florida every week, handle all repairs and updates, and rent or sell them to someone else looking for a great deal. If your local Miami FL house meets a few simple qualifications, we can buy your house.

If you think you need to sell your house in Florida fast, then you may need us. We at 123SoldCash.com are local homebuyers in Miami FL, and we’re helping local homeowners have a quick and hassle-free sale. If your Miami FL house qualifies, we can make you a quick and fair cash offer. For more information or if you have any questions feel free to give us a call at (786) 904-1444 or fill out the online form and we will get in touch with you.

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