Probate refers to the official process by which a deceased person’s property is transferred to their heirs or beneficiaries. When an individual dies, they leave behind both their loved ones and their possessions. In some cases, the deceased may leave a will or Testate; in others, they may not.
In any case, the deceased’s property must be officially reassigned to their heirs through a legal court, a procedure comprehensively known as probate.
One common query is whether a house can be sold during probate in New Port Richey Florida. “Can a house be sold while in probate in New Port Richey Florida?” The answer is yes, following certain steps. As real estate investors in Pasco County Florida, SellPascoProperty.com provides guidance for sellers on these steps and advises other investors to familiarize themselves with the process before purchasing probate properties in New Port Richey.
Can a house be sold while in probate in New Port Richey, Florida? Yes, but follow these steps first!
Property Appraisal
The property valuation can be performed by an independent certified appraiser. Appraisers can be found in the local directory or through referrals from real estate agents.
Thus, as real estate investors, we focus on purchasing properties in probate in New Port Richey Florida that have already undergone a property appraisal.
Obtain the Petition
To sell a property during probate, you are required to obtain approval from the court. Complete the petition form with details about the property sale in New Port Richey including the sales method, based on the independent appraisal. Wait for the court’s approval before proceeding.
As investors, we only consider properties where this petition process has been completed.
Place your Property for Sale
Listing your property for sale is the next step. Make sure the potential buyer understands that the sale will only proceed post-court confirmation as the property is under probate. We only invest in properties that meet these criteria.
Click here if your New Port Richey property qualifies for a swift cash offer.
Seek Court Confirmation
As a seller, you need to seek court confirmation for the sale in New Port Richey. Hearings usually occur within 20 to 40 days. Remember to secure a deposit of 10 percent of the selling price from the buyer prior to the hearing date.
Advertise in Local Newspapers
Announce the sale and advertise it in local newspapers to notify the public and allow open bidding. This approach helps in achieving the best possible price for properties during the probate period. Watching local newspaper listings is a method we often use to discover attractive probate properties.
Attend the Hearing
Attend the court hearing, where property bids are presented. After final approval, a cashier’s check is given to the court. If a new buyer emerges, refund the initial buyer and secure a new deposit once court confirmation is received.
Once these steps are complete, finalize the transaction with your buyer. We prioritize investing in properties that adhere to these legal prerequisites.
If you need a REAL investor for your property in New Port Richey, we are here to assist.