Before we delve into the details about your question, let me share what exactly is ‘a house in probate?
‘Probate is the process of reassigning the property to the beneficiaries after the person dies.’ There can be cases when the last will or the Testate is left behind by the person and there can be cases when it is not. No matter what the situation is, the property is reassigned to the heirs with the court of law. And, this process is known as probate.
Now, let’s head to the question, “can a house be sold while in probate in Pensacola Florida?“
The answer is,” Yes, it can be sold if simple steps are followed properly.”
Honolua Homes as real estate investors in Pensacola Florida advises sellers to go through the following steps –
A property can be appraised with the help of the independent certified appraiser. Look for the appraiser in the local phone book, or ask for recommendation from friends and family members. Or simply get in touch with us. As real estate investors, we look for buying property on probate in Pensacola Florida for which property appraisal has been done.
Obtain the Petition
During the probate period, you have to seek for permission from the court as well. Fill up the petition form; provide all the details related to the sale of the property in Pensacola and mention the methods of sale. And, with the help of the independent appraisal you can fill the form; waiting for approval from the court for selling your property…
Remember, an investor only buys the property that has already completed the procedure of obtaining the petition. And, at Honolua Homes, we do look into the fact that the seller has gone through the process of obtaining petition.
Place your Property for Sale
As the next step, you need to go for placing your property on sale. Inform the buyer that the property will be sold only after confirmation from the court (as it is on probate). A real investor only buys the property that is on sale after seeking court petition, and if your property matches these conditions then we might be able to take it off your hands with ease.
Seek the Court for Confirmation
You need to seek the court to confirm the sale of your property in Pensacola, and might have to wait depending on the pressure of the state court… Remember, hearings may take a period of 20 to 40 days. As investors ourselves we tend to ensure the fact that the seller seeks the court for the confirmation soon.
Advertise in Local Newspapers
Don’t forget to advertise it in local newspapers so that the public is informed about the property sale. This will allow open bidding for the other interested people so that the property gets the best price. If you are seeking to buy property on probate period in Pensacola, then you can bid in the court hearings. However, just so that you know the importance of advertising, we often come to know of good property on probate through the local newspapers only.
Attend the Hearing
Most important of all, attend the court hearing, where bids are done and buyers and real estate investors come for bidding. Once the final agreement is done, the cashier’s check is given to court as soon as the bid is confirmed. And, in case there is a new buyer, then the refund money of the previous buyer is offered. As buyers yourself, we tend to always pay some money as deposit of the original price to the court after the contract has been confirmed.
You can complete the contract with the buyer using the above written steps. To sum it up, all we would like to say is that 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 Pensacola, then there can’t be a better help than us!