I’ve Inherited a House…
So What is Probate Anyway?
A probate is a legal way of administering the property of a deceased person (decedent) if the person never left a will or if the will had specific instructions on how his or her property was to be administered after they are dead. These proceedings take place in probate courts.
The probate process begins after a person dies. Soon after this, the seller is expected to inform the court, which appoints an attorney to take care of the sale. Once this is done, the attorney advertises the property just like other real estate properties. The price is based on the agent’s suggestion and also from an independent appraisal ordered by the probate court. Note: It is important for the seller to familiarize himself or herself with the property to avoid being short-changed. This can be avoided by choosing the right partner in Orlando and that would be us, Particular Properties LLC.
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These are all different terms for the same person. This is the person appointed in the will to manage the Deceased’s estate. If this is you, you have a long journey ahead of you! From dealing with family, attorney’s, and a flood of investors calling and writing you to see what your plans are for the estate. Do you sell it? Rent it? What kind of repairs are needed in the home? Do you need a realtor? Can you sell it on your own? AHHH so much right? You got this! You were appointed for a reason! Give us a call so we can tackle this together!