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Selling Inherited Property

Selling an inherited property can be an emotionally tough time and it’s in those time that it’s even more important to seek wise counsel when it comes to disbursing the estate’s assets. I know your’r’e tempted to get it over as quickly as possible, but you could be losing a lot of money in rushing it. If there is real estate property to sell, like a condo, house, villa, coach home, or townhome, it would be wise to consult a real estate professional before deciding how to proceed with selling the property.

If you have inherited property and want to sell it, you will be inundated with companies and wholesale property buyers who want to offer quick cash for the property. Although selling to a wholesale property buyer could be a quick way to get rid of the property, be prepared to sell it for 10% or more below market value.  So, although these quick sale options may be tempting, you’ll likely be able to net more from the sale if you have a good agent selling your home for market value and you net market value less only 6%. 

Preparing The Home For Sale

Preparing the home to sell is a tough venture that stirs up so many emotions anyway. Add dealing with the death of a family member to the mix, and it’s exponentially tougher. If possible, remove as much as can be removed from the home, declutter, and then take a hands off approach by getting your real estate professional to do the rest.  Once we have legal clearance to sell the property in the estate, we can list it and get it sold in great time for you. With our 25 step marketing strategy and 15 years of online marketing experience, you know the property will sell for top dollar in the least amount of time, netting you more than you can get selling to a quick cash wholesale buyer. Although most realtors may take on so many listings that they are unable to properly market them, we don’t, and that’s why we’re able to specialize in selling inherited property. We take great care to get every single listing sold. 

Estate and Inheritance Tax in Florida

Luckily there is not an estate tax or inheritance tax in Florida, so you don’t have to worry about those. 

 

Just a note that this is intended to be helpful and general information and should in no way be seen as legal or accounting counsel. You should consult your attorney and accountant as needed for advice on your specific tax and legal situations. We are here to work with your team of professionals to help you with the most optimal solution for your real estate needs.

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