If you’ve recently inherited a home, it’s likely you are dealing with a lot of overwhelm, and you may not be aware of important processes like probate which you’ll need to deal with.
Often the trickiest part of being GIVEN property, is that you suddenly have an asset you weren’t planning on, and you likely don’t have clarity on what to do next, let alone how to possibly sell that property and get the most value out of it.
As the person who has inherited the property, you are now the “owner” in the eyes of the probate court. This means that before you can do anything with the property, like sell it, you’ll first need to go through probate.
Probate is a court-supervised process for distributing a deceased person’s assets. The purpose of probate is to settle any debts or claims against the estate and then transfer ownership of assets to the rightful heirs.
If you’re dealing with probate for an inherited home, there are a few key things you should know:
– The probate process can be long and complicated, so it’s important to be patient and work with a probate attorney.
– You will need to obtain a probate court order before you can sell the property.
– The probate process can be expensive, so it’s important to be aware of all the costs involved.
At FL Real Estate Buyers, we specialize in helping people just like yourself who have recently inherited a home (or will soon).
We have fantastic probate lawyers as part of our network, and we can hold your hand through the entire process, step by step.
Most importantly, we help you and all those involved (should there be multiple beneficiaries to the estate) figure out the best ideal outcome from where you are now to where you’d like to be.
This often involves selling the home, but the motivations for each beneficiary can vary wildly. It’s never a straightforward matter when multiple people are involved.
This is why for us, this isn’t about money, it’s about people and relationships and helping you all get what you each want out of the process.
If you’ve recently inherited a home (or you will soon) and you’d like help figuring out your next best steps, we’d like to invite you to schedule a call with our team. We can help you navigate through all the important details, get the most out of your situation and avoid future problems.