Now the question arises, “Can a house be sold while in probate in Palm Beach County Florida? The answer is yes, but it requires some simple steps to be followed religiously.
When the person dies, the process of reassigning his property to the beneficiaries is called Probate. Although, most of the time the deceased leaves behind a testament or his last will in some cases the will is missing. In the case of a missing will, the property is distributed among the heirs through court and this procedure is known as probate.
We here at Probate Solutions FL (Home Solutions Fla LLC) are real estate investors in Palm Beach County Florida who advise sellers to follow the steps mentioned below. Moreover, we also suggest the investors to check the following procedures before they go for buying property during the Probate period in Palm Beach County.
Follow these steps to buy a house while in Probate in Palm Beach County Florida
First, take the help of a certified appraiser and get your property appraised. You can easily get hold of an appraiser by looking for them in the local phone book, online or seeking a recommendation from a real estate agent. We as real estate investors are always looking for buying a property in probate in Palm Beach County Florida that has already been through property appraisal.
Obtain the Petition
If you are selling the property during the probate period then you must get probation from the court. For seeking probation, you need to fill out the petition form. In this form you are required to provide all the details related to the sale of the property in Palm Beach County and methods of sale. You can also seek the help of independent appraisers to fill the form and wait for the approval from the court to sell your property. We as investors always look for the evidence of petition and only buy the property that has completed all the procedures.
Place your Property for Sale
The very next step is to place your property for sale. It is mandatory as the seller to inform the buyer that the property is in probate and will be sold only after confirmation by the court. The real investors like us only buy the property for sale that has obtained the petition from the court. If you have followed these steps, then call us because we are very likely to be interested in buying your property.
Fill the form below and check whether your property in Palm Beach County qualifies for a quick cash offer!!
Seek the court for Confirmation
As a seller, you are answerable to the court and in order to sell the property in Palm Beach County you have to seek for the confirmation order. Generally the court hearings take place within the period of 20 to 40 days, but you have to wait for your turn depending on how busy the court is. Also, you must remember to make all the arrangement and take the 10% from the buyer before the court hearing. As an investor, we always make sure that the seller has sought the confirmation from the court.
Advertise in Local Newspaper
As a seller, you should also advertise your property in local newspapers. In this way you will not only inform the public about the property sale during probate, but will also attract other interested people for open bidding. Thus, if you are seeking to buy a property on the probate period in Palm Beach County, you are at liberty to bid in the court hearings. We at Probate Solutions FL (Home Solutions Fla LLC) also become aware of good properties through the local newspaper.
Attend the Hearing
The final step is to attend the hearing where buyers and real estate investors come for bidding. When the final agreement is reached, the cashier’s check is given to the court after the bid is confirmed. If you have dealt with a new buyer, then you must refund the money of the previous buyer and after the confirmation by the court, take the deposit from this new buyer. We tend to always pay some money as a deposit of the original price to the court after the contract has been confirmed.
Following these steps will eventually lead you to complete the contract with the buyer. Always remember, a Real investor like us at Probate Solutions FL (Home Solutions Fla LLC) in Palm Beach County buys properties in probate that have followed these procedures.
To get a fair cash offer, fill out this form or give us a call at 561-370-8335