We Buy Inherited Houses & Help With Probate
If you are interested in selling a Property you Inherited, the best way to get started is to give us a call at (512) 961-9943. We are not Realtors looking for a listing. We are home buyers who can give you several options on how to deal with a property you have either inherited or need to begin the probate process on. If you decide to sell, you will not have to make any repairs, move anything or paint and clean to sell your probate home. We can most likely even buy your home before Probate is done and can even take care of cleaning the property out.
We Can Pay For Your Probate
Probate can be a very costly and lengthy process if you do not have experience in the field. If you do not have an attorney handling the Probate for you, we can take care of all the paperwork and headache that is involved in the process. We will pay our expert Probate Attorney to handle the legal process in a most efficient way. This will not only save you money, but will also give you peace of mind and allow you to sell the home much faster!
Probate is a court-supervised process of transferring property at death pursuant to the terms of the will. This is the official definition of probate. In simple terms, probate is settling an estate which can involve the selling of a property after someone has passed away.
As real estate investors, we have purchased many properties that have gone thru the process of probate. We may even be able to buy the property before the probate process is completed. We can still have our attorney handle the probate and buy the home even if there was no will.
If you are new to probate there are some odd words you will need to learn, such as: beneficiary, intestate, revocable trusts, power of attorney, executor, personal representative, debts, assets, expenses, bequests, closing the estate, trustee, administration, distribution of property, joint tenants with rights of survivorship, tenants in common, etc. If you have no clue about these terms, don’t worry about it. Call us with any questions.
We are not attorneys or estate planners, but we do know how to buy your home in probate Fast for Cash without you having to pay Realtor Commissions, Escrow Fees or even for the Probate!
Probate Commonly Asked Questions
From our experience purchasing many properties that had to go through Probate, we gathered a lot of useful information which may help you sell your property faster and/or get the Probate process done faster. Below are a few questions that we get asked frequently. If you have any other questions, please feel free to give us a call and we’ll be happy to share what we know with you. Remember, we are not attorneys, so please consult with an attorney for proper legal advice. We hope this helps!
Can Real Estate assets be sold before the Probate is finalized?
Formal Administration – Once the PR (Personal Representative) is appointed they have the authority to sell, but the judge will have to sign an order authorizing the sale. This usually takes about 3-6 weeks. Most attorneys would not do that unless they are specifically requested by their clients, so if that’s the case for you, make sure to ask your attorney about this option.
Summary Administration – Since there is no PR, the asset can not be sold before the Probate is finished (when the judge signs the order for Summary Administration). Summary Administrations usually take 3-4 weeks if done correctly but can sometimes take longer (even up to 2+ months).
Can an Attorney expedite the Summary Administration Probate process?
Yes, with an ex-parte hearing (meaning that the attorney goes in person in front of the judge). It is common that Probate Attorneys file the paperwork electronically or in the mail. The file can sit a significant amount of time with the clerks. Whereas, with an ex-parte hearing being scheduled, the files are transferred to the judge’s assistant which expedites the process a great deal.
What happens to the proceeds of the sale if the property is sold before Probate is completed?
If the notice to creditors has already been filed and the 90 days have passed, then the money can go directly to the heirs or the PR. If the the 90 days have not passed, then the funds from the sale will need to be held in either a court restricted account or the petitioning attorney’s account until the 90 days are over, and then it can be disbursed to the heirs.
What role does a Will play in a Probate?
Summary Administration – Even if there is a Will, it still needs to go through the process and the judge still has to sign the order of Summary Administration.
Formal Administration – In Broward county, if there is a Will, as soon as the PR is appointed, they can sell immediately without an order from the court. In Miami-Dade county, the PR would still need an order from the judge authorizing the sale.