Probate - Property Sale Explained

I have had some newer investors come across properties in which the sale of the property is subject to probate court approval. I wanted to explain this in simpler terms for anyone that is curious about what this means:

When the sale of a property is subject to probate court approval, it means that the property was owned by someone who has passed away, and their estate is going through the legal process of probate. Probate is the court-supervised process of distributing the deceased person's assets to their heirs or beneficiaries, and ensuring that any outstanding debts and taxes are paid.

In this case, the sale of the property cannot be completed until the probate court has reviewed and approved the proposed sale. This is because the property is considered part of the deceased person's estate, and the court must ensure that the sale is fair and in the best interest of the estate's beneficiaries.

Once the court approves the sale, the executor of the estate or the appointed representative will have the authority to complete the sale and transfer the property's ownership to the buyer.

Feel free to contact me with any real estate investment questions. #realestateinvesting #floridarealestate #estatesale