LEGAL UPDATE: Florida Summary Administration holding period is typically ... days. Liquidity is critical.
FL Estate Liquidation Experts
Selling Inherited Property in Florida: The Executor's Fast Track.
Dealing with probate property means managing estate debt, utility bills, and insurance. The clock is ticking. We offer guaranteed cash closings across Florida to deliver liquidity when the estate needs it most.
Formal & Summary Admin
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Focusing Exclusively on Florida Probate.
"As a subsidiary of FL Home Buyers, we deal exclusively with Florida law. I know you're juggling the Notice to Creditors period, managing the cost of a vacant home, and often inheriting major issues like Cast Iron Pipes or Polybutylene. The fastest way to close the estate is to remove the most volatile asset—the real estate—by selling it as-is. We handle all closing requirements, ensuring compliance with the Florida Probate Code and delivering cash quickly."
Max Cohen, cashhomebuyersflorida.com Founder
98%
Of Offers Accepted By Personal Representatives
7-14 Days
Average Closing Timeframe (Post-Authority)
$0
In Commissions, Fees, or Repair Costs Charged to Estate
Florida Probate: Formal vs. Summary Administration
Florida law outlines distinct paths for settling an estate, often categorized into Formal Administration and Summary Administration. Your attorney will determine the correct path, but your decision to sell the real estate is critical to either process.
The Florida Probate Timeline Visualized
Understanding the key procedural steps helps you manage expectations and time the sale for maximum benefit.
Phase 1: Initiate (Immediate)
Formal: Petition filed, PR appointed, Letters of Administration issued. Summary: Petition filed, typically a single court hearing.
Phase 2: Due Process (3 Months)
Formal Administration requires a mandatory **three-month** Notice to Creditors period. Summary Administration is only bound by this if the decedent passed less than two years ago.
Phase 3: Liquidity Event (Post-Authority)
Once the PR has authority, our cash contract is executed. This eliminates the uncertainty of appraisals and inspections common with retail buyers.
Phase 4: Final Closure (7-14 Days)
We close in 7-14 days. Proceeds are placed into the estate account, ready for final distribution or paying off estate debts.
Critical Florida Real Estate Probate Issues
Ancillary Probate: Non-Resident Owners
If the decedent lived outside of Florida but owned property here, the estate must undergo a second, smaller probate process in Florida called Ancillary Probate. This requires the Personal Representative from the "home" state to petition a Florida court to manage the transfer of the Florida real estate. We specialize in these complex, multi-state sales and can streamline the process, as the property often sits vacant and accumulating risk during this extra legal step.
Florida Homestead Exemption Protection
Florida's constitutional Homestead Protection is a unique feature. It generally protects the primary residence from creditors but also dictates how the property must be devised (passed on). Selling the property fast ensures the estate can capture the full equity before potential creditor issues arise. Selling quickly prevents the homestead tax exemption removal from dramatically increasing the tax burden on the estate while waiting for a retail buyer.
Don't Let the Estate Bleed Cash.
Avoid months of utilities, insurance, and maintenance bills. Get a guaranteed cash closing date.
When the owner passes, the Florida homestead tax exemption is removed. The property value for tax purposes will reset, often leading to a significant increase in the tax bill. Selling quickly prevents this massive tax increase from draining the estate while you wait for a retail buyer.
Florida Probate Real Estate FAQ
Q1: How does "Curative Title Work" differ for a probate sale?
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A typical buyer expects you to resolve all title issues (liens, heir disputes, missing documents) before closing. As cash buyers, we purchase the house with the title defects attached and handle the curative work after closing, freeing the estate immediately.
Q2: Can I sell the property if there is an existing reverse mortgage?
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Yes. Reverse mortgages become due when the last surviving borrower dies. We pay off the reverse mortgage balance directly at closing, and the remaining net proceeds are delivered to the estate. We coordinate directly with the reverse mortgage servicer.
Q3: What if I have multiple heirs who cannot agree?
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We require the signature of the court-appointed Personal Representative. If there is a dispute among beneficiaries, the PR is legally bound to sell the property at fair market value (or close to it) to satisfy the estate's debts and facilitate distribution, which a guaranteed cash offer often achieves.
Q4: What is the benefit of selling to you versus a traditional probate listing agent?
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We save the estate 6% in commissions and eliminate all repair/staging costs. While a listing agent aims for the highest *gross* price, we focus on the highest *net* return, minus zero fees and zero holding costs, delivered faster.
