How to Sell an Inherited Home in Florida: Step-by-Step Guide

Inherited a House in Florida? Here’s What to Do Next

Inheriting a home can be both a blessing and a challenge. Whether you plan to sell it quickly or explore your options, understanding the Florida probate process, tax implications, and best ways to sell is crucial. This guide walks you through selling an inherited home in Florida step by step while maximizing your profits and minimizing stress.

Step 1: Determine If Probate Is Required

Before selling, you need to check if the inherited home must go through probate, the legal process of settling an estate.

✔ No Probate Needed if:

• The home was in a living trust

• You co-owned the property with joint tenancy with rights of survivorship

• You inherited the home through Florida’s Lady Bird Deed (enhanced life estate deed)

❌ Probate Is Required if:

• The home was solely owned by the deceased

• There was no designated beneficiary

🔹 Types of Probate in Florida:

• Formal Administration: Takes 6-12 months; required for estates over $75,000

• Summary Administration: Faster process for estates under $75,000

• Disposition Without Administration: Available if the estate is very small

💡 Pro Tip: If probate is required, consult a Florida probate attorney to speed up the process and avoid legal pitfalls.

Step 2: Assess the Property’s Condition

Once legal matters are in order, evaluate the home’s condition to determine whether you should sell as-is or make repairs.

🔎 Key Factors to Consider:✅ Age of the home & major repairs needed (roof, plumbing, electrical)✅ Condition of the interior (outdated kitchens, flooring, appliances)✅ Market demand in the neighborhood

💡 Pro Tip: Most heirs prefer to sell inherited homes as-is rather than spend thousands on repairs and months on renovations.

Step 3: Decide How to Sell the Inherited Home

There are three primary ways to sell an inherited home in Florida:

1. Sell to a Cash Home Buyer (Fastest & Easiest Option)

✔ Sell as-is with no repairs, no fees, and no closing costs✔ Close in 7-30 days instead of months✔ Avoid dealing with multiple buyers, banks, and long negotiations

🚀 Best for: Heirs who want a quick, stress-free sale without spending time or money on renovations.

2. List with a Realtor

✔ Get full market value if the home is in great condition✔ Requires home inspections, buyer financing approval, and negotiations✔ Can take 3-6 months or more to sell

🚀 Best for: Heirs who can afford to wait and invest in repairs.

3. Sell By Owner (FSBO)

✔ Save on realtor commissions (5-6%)✔ Requires marketing, showings, and negotiations with buyers✔ High risk if you're unfamiliar with real estate transactions

🚀 Best for: Sellers with real estate experience who are willing to handle all aspects of the sale.

💡 Pro Tip: If you need a fast, hassle-free sale, consider selling to NextHeir Homes for a fair cash offer in days.

Step 4: Understand the Tax Implications

Selling an inherited home can have tax consequences, but Florida offers some tax advantages:

✔ No Inheritance Tax in Florida – You won’t owe taxes just for inheriting the property.✔ Step-Up in Basis Rule – Reduces capital gains tax by adjusting the home’s value to its market price at the time of inheritance.✔ Capital Gains Tax – You may owe taxes only if the home sells for significantly more than its inherited value.

💡 Pro Tip: If unsure, consult a tax professional to minimize your tax burden.

Step 5: Prepare for the Sale

Once you’ve chosen how to sell, follow these steps:

1️⃣ Gather Documents: Death certificate, will/trust paperwork, property deed, and any mortgage details.

2️⃣ Clear Out Personal Items: Remove family belongings to make the home more appealing.

3️⃣ Decide on Pricing: If selling on the market, research comparable home prices in the area.

🚀 Need to Sell Quickly? Skip the hassle and get a no-obligation cash offer from NextHeir Homes.

Final Thoughts: Selling an Inherited Home in Florida

Selling an inherited home in Florida doesn’t have to be overwhelming. Whether you go through probate, list with a realtor, or sell for cash, knowing your options can help you make the best decision.

👉 Need to sell fast? NextHeir Homes specializes in buying inherited properties for cash.

No repairs, no fees, no waiting. Call (888) 501-HELP or request a free cash offer today!