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If you have just inherited property in Florida and are hoping to sell it, make sure you have all the facts. You can’t sell the property you don’t legally own!
We frequently get calls from real estate agents wanting to know how long probate in Florida will take. The answer is invariably, “it depends.” Don’t assume your Realtor® knows anything about probate. Realtors® know plenty about real estate, but many of them don’t understand probate. Technically, a real estate listing agreement probably isn’t even binding until you have actually inherited the property through probate administration.
If the property will go through a formal real estate closing and title insurance will be issued, probate is undoubtedly going to be required by the title company. This can be a deal breaker for a potential buyer if it is not addressed early!
On the other hand, if you plan to sign over a quit claim deed, the buyer will eventually discover the probate problems – a headache you do not want to deal with long after you’ve “closed” the deal.
Call us today to handle the sale of your probate or trust property. We will save you time and frustration while obtaining the best price possible.
Fraser Bolwell is a CPRES Realtor® NOT an Attorney and this document is not intended as legal advice.