Get your Jacksonville probate home sold!
Have you become the personal representative of an estate, or inherited a property you need to sell? Wondering when you can list your probate home for sale? You do not need to wait until the probate process is complete in order to get the home listed! You can list the home for sale at any time, subject to the probate court approval. It will be up to you to facilitate the process of getting the property listed and sold and approved by the probate court. Find out how and when to get the home listed!
3 STEPS TO LISTING YOUR PROBATE HOME!
1. SECURE THE HOME AND CONTINUE ONGOING PAYMENTS:
If you do not occupy the home, you will need to take possession of the property, which includes securing the house, having utilities transferred and keeping the home maintained. If there is a mortgage it will need to continue to get paid, as will any applicable HOA or condo fees. You will need to continue to pay these expenses until the home has transferred to the new owner so listing quickly is key!
2. VALUE THE PROPERTY:
You now want to know what the property is worth and if there's anything you could or should do to improve how it shows. The best way is to engage the services of a local experienced real estate agent familiar with the probate process.
A qualified Jacksonville Probate Realtor will view the home, establish its market value, and provide a market analysis report. Your Realtor will also cover what should and should not be done to make the home more marketable and improve show-ability, as well as help locate and manage vendors to assist. If you are out of state, these services can all be managed for you.
You will want to establish the balance of any mortgage on the real estate as well as any debts against the estate that may need to be addressed with the sale of the property. Your Realtor can help you with this as well.
3. YOU ARE NOW READY TO LIST THE HOME!
It is now time to get the property listed for sale on the open market! Listing with a reputable Jacksonville Probate Realtor will get you the greatest exposure and maximize sale proceeds. Your Realtor will also coordinate the sale with your probate attorney (if still in probate) so that you have a smooth and easy probate sale!
ONCE A BUYER IS SECURED, THE TRANSFER TO THE HEIRS WILL NEED TO BE APPROVED BY THE PROBATE COURT BEFORE THE SALE CAN BE FINALIZED.
Florida probate sales are complex specialty transactions. Few real estate agents are experienced or well-versed in the probate process. Make sure to choose an agent who understands the probate real estate sales process, as well as the intricacies of pricing, marketing and presenting such properties.
Last Updated on May 31, 2022 by Minna Reid