Selling an inherited home in Florida is not as easy as people think.
Preparing a loved one’s house to sell can be difficult and emotional, to say the least. Clearing out all the personal belongings, selling personal property and vehicles, going through personal papers and finding all open accounts can be time consuming, frustrating, and highly emotional. Then, there’s the photo albums and momentos! Just those two things can bring a well thought-out plan to a screeching halt!
Once the personal items are inventoried and cleared out, the time may be right to decide what to do with the property.
Therefore we at SWFL Homes LLC have compiled a few points that should help steer you in the right direction, if you ever find yourself in such a dilemma. Here are a few tips on how to sell a house you inherited in SW Florida, without having to sweat much.
Making the probate process go smoothly
Get some advice
The first step you should take is to get some professional advice. You must understand the status your house is in. Make sure that you verify ownership. You can seek advice from a real estate attorney and other experts too. We can also give you a fair deal for your inherited local SW Florida house if it qualifies. Fill out the form here to get started.
Next Step: Begin the probate process in SW Florida
Before you embark on the selling process, your house or even vacant land must go through probate. Once the probate process in SW Florida is complete, you can then sell the property and legally transfer title.
The tax basis of your property is the house value on the date that the person who willed you the property died. The difference between the amount you realize from the sale and the value is basically the gain on which you owe the taxes. It’s important to consider this before you sell and realize a large tax liability.
How to sell a house you inherited in SW Florida
Agreeing to sell
If you are ready to sell your house in SW Florida, you can petition the courts to allow you to sell. Once approved, the house can be sold and the proceeds will be added to the estate assets.
Preparing to sell
SWFL Homes LLC will buy your home As-Is, meaning that you can sell it as it is right now, no repairs or updates required. Most people take the personal property and family heirlooms and leave the rest. We take it from there.
We handle any clean outs, clean ups, repairs, and all maintenance headaches. Here at SWFL Homes LLC, we will always give sellers a fair deal and help you get as much value from your inherited house as possible. We buy local houses in SW Florida, repair and fix them up and either rent them out or sell them to someone else looking to update and repair the property.
If your local SW Florida house meets a few simple qualifications, we can buy your house fast.