Probate is the process of reassigning the property after a person dies to the beneficiaries. When a person passes away they leave their family, friends and their house behind. Sometimes the last will or the Testate was made and other times not.
Whatever is the circumstance, the house is reassigned to the heirs with the court of law, and this extensive thorough process is known as probate.
Sometimes a question comes up, “can a house be sold while in probate in Bradenton Florida?“, and the answer is that it can be sold by following a few simple steps. As real estate investors in Bradenton Florida, Golden Rule Home Solutions advises sellers to go through the following procedure and also propose other investors check the procedures when they go for purchasing property on probate period in Bradenton.
Can a house be sold while in probate in Bradenton, Florida? Yes, but make sure to follow these steps first!
With the assistance of the independent certified appraiser, a property can be appraised. You can simply look for an appraiser online or by contacting a real estate agent for their recommendations.
So, as real estate investors, we look for buying property on probate in Bradenton Florida that has already sought property appraisal.
Obtain the Petition
Once you are in the process of selling the house during the probate period you have to seek probation from the court. So complete the petition form and provide all the details needed with the sale of the property in Bradenton along with determining the method of the sale.
Then with the guidance of the independent appraisal, complete the form and wait for the approval from the court.
An investor only purchases the house that has already finished obtaining the petition, and we do look into the fact that the seller has gone through the process of receiving the petition.
Place your Property for Sale
Next step is put your house up for sale. Be sure to inform the buyer about the procedure that the property will be sold only after confirmation from the court as it is on probate. All real investors only buy the property that is on sale after seeking court petition. If your property matches these parameters then we might be able to take it off your hands.
Seek the Court for Confirmation
As a buyer, you have to seek the court for confirmation to confirm the sale of your property in Bradenton. Generally, hearings commence within a period of 20 to 40 days. Please remember to make arrangements and take 10 percent of the price from the buyer before the date of hearing from the court. As investors ourselves we tend to ensure the fact that the seller seeks the court for the confirmation soon.
Advertise in Local Newspapers
Advertise the sale and mention it in local newspapers. This should be done so that the public is informed about the property sale during probate period. It also allows open bidding for the other parties of interest so that the property gets the highest price possible. So if you are looking to buy property on probate period in Bradenton, you can bid in the court hearings. The local newspapers are great way for property in probate.
Attend the Hearing
Attend the hearing of the court. The buyers and real estate investerors will come here for bidding. After the final agreement is complete the cashier’s check is given to court after the bid is confirmed. If there is a new buyer, refund the money of the previous buyer and take the deposit of the buyer after the confirmation has been given by the court… We tend to always pay some money as a deposit of the original price, to the court after the contract has been confirmed.
After this, you can complete the contract with the buyer after the above-written steps. Real investors look for property that follows all the procedures and abides by the rules of the court.
If you’re looking for a REAL investor to buy your property in Bradenton, then we can help. We here at Golden Rule Home Solutions live by the Golden Rule “Treat others the way you want to be treated.”