Selling An Inherited House In Lady Lake Florida
Do you have questions about selling an inherited house in Lady Lake Florida? Do you have questions about the probate process in Lady Lake Florida? In this video and article, we’ll go over some of the most commonly asked questions about selling an inherited house in Lady Lake Florida and the probate process. We’ll also discuss options for selling an inherited house fast in Lady Lake Florida instead of listing the inherited house with a local real estate agent.
What is probate and why does it matter when selling an inherited house in Lady Lake Florida?
When it comes to selling an inherited house in Lady Lake Florida, you may have heard the term “probate” tossed around. So, what is probate? Probate is the legal process for distributing a deceased person’s property to the rightful heirs. The laws regarding probate are different in every state, but if you’re wanting to sell an inherited house in Lady Lake Florida it’s safe to say that the house will need to go through the probate process, even if the deceased left behind a will stating exactly who inherits the house.
How long does the probate process in Lady Lake Florida take and how much does it cost?
Typically, the probate case is filed with the local court by an attorney. The probate documents that are prepared and filed by the attorney will ask the court to validate the will and authorize an executor or personal representative to distribute the assets of the estate, including the inherited house, according to the instructions in the will. If there is no will, state law may dictate how the assets are distributed, or in some cases, the judge may decide. The court will also instruct the executor or personal representative to pay any taxes that are owed by the estate.
The entire probate process usually takes around 90 days, but it may take longer if the probate case is especially complicated or if the court system is dealing with a backlog of cases. The probate process typically costs around $3,500 including attorney’s fees and court costs, but it may be more expensive depending on the complexity of the case.
Options for selling an inherited house in Lady Lake Florida.
Once the probate process is completed, you’ll be ready to sell your inherited house. There are several options for selling an inherited house in Lady Lake Florida and the best option for you depends on your situation and the condition of the house.
Option #1: List your inherited house with a local real estate agent.
This is probably the first option that comes to mind when you think about selling your inherited house in Lady Lake Florida, but it’s not the best option for everyone or every situation.
If the house you inherited is in great condition and move-in ready, you’ll probably be better off listing and selling your inherited house with the help of a local real estate agent. A local real estate agent will be able to sell the house to someone who plans to live in the house and who will be willing to pay top dollar for the property.
The downside to selling with a local real estate agent is that you will have to clean out the personal belongings and get the house ready to sell. If there are any repairs or updates that need to be made, you’ll need to do the work yourself or hire someone. You’ll also need the money to maintain the property and pay the mortgage, taxes, insurance, utilities, HOA fees, and lawn service throughout the duration of the probate process.
To summarize, selling your inherited house in Lady Lake Florida with the help of a real estate agent is best for you if:
- The inherited house is in excellent condition and does not need any repairs or updates.
- You have the money to pay the mortgage, taxes, insurance, utilities, HOA fees, and lawn service throughout the duration of the probate process (3-6 months).
- You have the money to pay for the probate process to be filed by an attorney ($3,500).
- You do not need to sell the inherited house fast and can afford to wait for a retail buyer to pay top dollar.
Option #2: Sell your inherited house fast in Lady Lake Florida to a local cash home buyer.
We’ve already discussed selling an inherited house in Lady Lake Florida with the help of a local real estate agent. But, what if the inherited house needs repairs or updates? What if you do not have the time or money to maintain the property during the probate process and prepare the house for sale?
If this is your situation, you may be better off selling your inherited house in Lady Lake Florida to a local cash home buyer like My Florida Home Buyers. We can buy the inherited house in its current, as-is condition. You won’t have to make any repairs or updates, and we can even take care of cleaning out the house for you. This is ideal for people who live out of the area and do not have the time or money to come take care of the house.
In addition to buying the house as-is, we can also take over mortgage payments, taxes, insurance, utilities, HOA fees, and lawn service throughout the duration of the probate process so that you do not have to come out of pocket for these items. We can even arrange to pay your probate costs if that is an issue!
The very best part is that when you sell your inherited house in Lady Lake Florida to us, we’ll pay all of your closing costs and there are no fees or commissions. And, if you’ve already gone through the probate process, we can close in a little as 7 days.
Does any of the following sound like your situation? If so, we may be able to help!
- The inherited house needs repairs or updates before it can be sold.
- You don’t have the money laying around to pay the mortgage, taxes, insurance, utilities, HOA fees, and lawn service throughout the duration of the probate process (3-6 months).
- You don’t have the money to hire an attorney and pay court fees to start the probate process.
- You would rather sell your inherited house fast in Lady Lake Florida instead of making repairs and updates so that it will sell for top dollar.
Final thoughts on selling an inherited house in Lady Lake Florida.
If you need to sell an inherited house fast in Lady Lake Florida, we may be able to help! Contact us today using the form below for a fast, no-obligation cash offer on your inherited house. If your inherited house is in great condition and you do not need to sell fast – great! We can recommend a great local real estate team that can get you top dollar for the property. Either way, we’re here to help!
About Lady Lake, FL
Lady Lake is a town in Lake County, FL with a population of approximately 13,244. The town is approximately 6.8 square miles large and is located along Highway 441/27 just north of Fruitland Park. Growth in the area has exploded over the last decade due to the expansion of The Villages, one of the country’s largest and most popular retirement communities. The influence of The Villages is most evident on the north end of town. The zip codes for Lady Lake include 32158, 32159, and 32162.
Things To Do In Lady Lake, FL
Lady Lake is a growing area and there are an increasing number of things to do in the area. It is a popular destination for retirees and snowbirds, who flock to the area during winter months to escape the cold and snow of the northern winters. Because of a large number of older folks in the area, golf is a popular activity and there are a number of great golf courses in the area. There are also many restaurants and places to eat popping up all of the time, so there really is something for everyone. If golf and restaurants are not your thing, check out Uncle Donald’s Farm, a popular, local, interactive petting zoo which is a great day trip for families with children.
Weather In Lady Lake, FL
Although Lady Lake is a haven for those people attempting to escape the frigid winters of the northern United States, it is quite brutal and hot during the summertime. It’s no wonder that the same people make the trip back north during the summertime. Summertime temperatures in Lady Lake can reach into the mid to upper 90s, with daily afternoon thunderstorms and high humidity levels. The winter months are the sweet spot, however, with low humidity levels and cool days in the lower 70s.