Selling a Probate Property in West Palm Beach

If you are faced with the sale of West Palm Beach real property through probate proceedings, you’ve come to the right place. This section of The Tricoli Team website is designed to answer the questions of heirs as well as their agents, executors and personal representative of the estate.

The Tricoli Team can provide details on the probate process, tips for sellers, executors and personal representative of the estate and frequently asked questions. We also offer resources such as a West Palm Beach probate glossary and links to West Palm Beach probate code and disclosure data. 

The probate process transfers legal ownership from the decedent to his/her beneficiaries. In a best-case scenario, his/her estate is ample enough to cover the debts and taxes, so the house can pass to their named beneficiary intact. Otherwise, it might be necessary to sell the real estate to make ends meet and close the estate.
Initially, check the decedent's will. If it does name you, you must next ascertain whether it also requires that the property be sold, or if it gives you the right to do so without probate court intervention. It may say this specifically, or it might allow for an "independent administration." In most states, this also means that you can act without court supervision.

West Palm Beach and Palm Beach county has specific rules for selling an inherited property, so it is important to discuss all requirements before putting property for sale. For example, typically the court will not allow selling probate real estate for less than 90 percent of its appraised value. You must also post a notice in the local West Palm Beach and/or Palm Beach county newspaper before the sale closes. Many states have rules preventing executors from purchasing estate property personally – at least without court approval. You usually can't sell it to someone who has any relation to you either, such as a business associate or a family member. You may need the court to authorize the actual sale.

Jeff Tricoli and his team specialize in the probate process and selling probate properties.  They have resources to help executors and personal representative of the estate throughout the entire probate process including attorneys, title companies, repairmen, etc. They are always available to answer your questions and to manage your West Palm Beach real property probate sale transaction. 

Call the Tricoli Team today for their expert advice at 561-628-0299. The Tricoli Team may already have a buyer for the property. They will help you every step of the way!

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