In any economy, buying and selling real estate is a business in high demand worldwide. More houses and offices are built as the population globally increases. It’s straightforward. More People = More Buildings.
However, despite the industry growing, real estate transactions can still be unpredictable! Particularly when it comes to “Probate Property”. Many buyers and sellers alike lack the necessary information and end up misinformed regarding real estate deals. It’s especially risky if a prospective buyer doesn’t understand the probate process for a house in Miami, Florida.
So, What Is Probate?
Probate is a legal process. It involves administering the estate of someone who has recently passed away and proving at court that their will (if there is one) is valid. The property and remaining assets will be distributed as the will, or if there is no will, as state law directs. These proceedings take place within probate courts. Such properties can end up selling at a substantially reduced price. This can mean that acquiring houses in probate might be the best deal a buyer will get in Miami.
How does the probate process begin in Miami?
The probate process commences shortly after the homeowner passes away. The prospective seller must then inform the court promptly. After this, an attorney is appointed to take care of the sale. The attorney will advertise the house similarly to how other real estate properties are marketed. The price is based on both the agent’s suggestion and an independent appraisal ordered by the probate court.
Note: As a seller, you should familiarize yourself with the property to ensure you are not short-changed.
You can avoid worrying about this by choosing a reputable and trustworthy partner in Miami. If you’re stuck wondering who you should go with, consider working with us, Sunshine State Buyers. Check out our website >>> We Buy Houses Fast Florida!
We can help you and offer advice on how you can sell your Florida house fast in Miami. Just click the link here and fill out our short form to get started!
My property is up for sale! What next?
Now, you just need to wait for buyers to come forward with offers on the property. If there is more than one interested buyer, the final decision will be made by the probate court in the form of an AUCTION. Going forward, we would like to suggest our company, Sunshine State Buyers, as a potential buyer for your property. Discover how our company works here >>>
We are a reputable house buying firm in Miami and purchase homes in AS-IS condition, fix any damage, sell on, and occasionally transform them into rentals. As you can see from our website, we work together with sellers in Miami to ensure you get a great deal too. We do deals on short sales as well!
Sell your Miami house FAST and SECURELY!
We have years of experience in this industry, and our reputation speaks for itself. If you are interested in choosing us as your partner in Miami, you are more than welcome to contact us through our website form, our social media pages, as well as giving us a call at (305) 916-3328.
For immediate assistance, please leave an email message on our site, and we will get back to you ASAP! You can also shoot us a quick and simple text by phone. One of our agents will respond as soon as they can.
We are always here and happy to help walk you through the probate process for properties in Miami.