Do you have questions about selling an inherited house in Orlando, Florida? Do you have questions about the probate process in Orlando, Florida? In this video and article, we’ll review some of the most commonly asked questions about selling an inherited house in Orlando, Florida, and the probate process. We’ll also discuss options for selling an inherited house fast in Orlando, Florida, instead of listing the inherited house with a local real estate agent.
What is probate, and why does it matter when selling an inherited house in Orlando, Florida?
You may have heard the term “probate” tossed around when selling an inherited house in Orlando, Florida. So, what is probate? Probate is the legal process for distributing a deceased person’s property to the rightful heirs. The laws regarding probate are different in every state. Still, if you want to sell an inherited house in Orlando, Florida, it’s safe to say that the house will need to go through the probate process, even if the deceased left behind a will stating exactly who inherits the house.
How long does the probate process take, and how much does it cost?
Typically, an attorney files the probate case with the local court. The probate documents prepared and filed by the attorney will ask the court to validate the will and authorize an executor or personal representative to distribute the estate assets, including the inherited house, according to the instructions in the will. If there is no will, state law may dictate how the assets are distributed, or in some cases, the judge may decide. The court will also instruct the executor or personal representative to pay any taxes that the estate owes.
The entire probate process usually takes around 90 days, but it may take longer if the case is especially complicated or if the court system is dealing with a backlog of cases. The process typically costs around $3,500, including attorney’s fees and court costs, but it may be more expensive depending on the complexity of the case.
Options for selling an inherited house in Orlando, Florida.
Once the probate process is completed, you’ll be ready to sell your inherited house. There are several options for selling an inherited house in Orlando, Florida, and the best choice for you depends on your situation and the house’s condition.
Option #1: List your inherited house with a local real estate agent.
This is probably the first option that comes to mind when you think about selling your inherited house in Orlando, Florida. Still, it’s not the best option for everyone or every situation.
If the house you inherited is in excellent condition and move-in ready, you’ll probably be better off listing and selling your inherited house with the help of a local real estate agent. A local real estate agent will be able to sell the house to someone who plans to live in the house and who will be willing to pay top dollar for the property.
The downside to selling with a local real estate agent is that you must clean out the personal belongings and get the house ready to sell. If any repairs or updates need to be made, you’ll need to do the work yourself or hire someone. You’ll also need the money to maintain the property and pay the mortgage, taxes, insurance, utilities, HOA fees, and lawn service throughout the probate process.
To summarize, selling your inherited house in Orlando, Florida with the help of a real estate agent is best for you if:
- The inherited house is in excellent condition and requires no repairs or updates.
- You have the money to pay the mortgage, taxes, insurance, utilities, HOA fees, and lawn service throughout the probate process (3-6 months).
- You have the money to pay for the probate process to be filed by an attorney ($3,500).
- You do not need to sell the inherited house fast, and you can afford to wait for a retail buyer to offer top dollar.
Option #2: Sell your inherited house fast in Orlando, Florida, to a local cash home buyer.
We’ve already discussed selling an inherited house in Orlando, Florida, with the help of a local real estate agent. But what if the inherited house needs repairs or updates? What if you do not have the time or money to maintain the property during the probate process and prepare the home for sale?
If this is your situation, you may be better off selling your inherited house in Orlando, Florida, to a local cash home buyer like My Florida Home Buyers. We can buy the inherited house in its current, as-is condition. You won’t have to make any repairs or updates, and we can even take care of cleaning out the house for you. This is ideal for people living out of the area who do not have the time or money to take care of the house.
In addition to buying the house as-is, we can take over mortgage payments, taxes, insurance, utilities, HOA fees, and lawn service throughout the probate process so that you do not have to come out of pocket for these items. We can even pay your probate costs if that is an issue!
The best part is that when you sell your inherited house in Orlando, Florida, to us, we’ll pay all of your closing costs, and there are no fees or commissions. And if you’ve already gone through the probate process, we can close in as little as 7 days.
Does any of the following sound like your situation? If so, we may be able to help!
- The inherited house needs repairs or updates before it can be sold.
- You don’t have the money to pay the mortgage, taxes, insurance, utilities, HOA fees, and lawn service throughout the probate process (3-6 months).
- You don’t have the money to hire an attorney and pay court fees to start the probate process.
- You would rather sell your inherited house fast in Orlando, Florida, instead of making repairs and updates to make it sell for top dollar.
Final thoughts on selling an inherited house in Orlando, Florida.
If you need to sell an inherited house fast in Orlando, Florida, we can help! Contact us today using the form below for a fast, no-obligation cash offer on your inherited house. If your inherited house is in excellent condition and you do not need to sell quickly – great! We can recommend a great local real estate team that can get you top dollar for the property. Either way, we’re here to help!