Did you just inherit land in Florida? Welcome to the mixed feelings of excitement and confusion.
It can be like hitting a jackpot! But there is a downside too. The downside is being absolutely clueless. No idea what to do. And to make matters even worse, you have absolutely zero experience in all of this.
So, now you are thinking, “What now? How do I sell it!”
The truth is, you’re not alone. Most people who inherit land are as confused as you are. It is normal to be confused about how to sell the land you have just inherited. After all, we don’t inherit land every day!
Here’s your simple guide.
Step 1: Get Legal Ownership of the Land
When you inherit land in Florida, it should be officially under your name if you plan to sell it. When you inherit land, it usually goes through something called probate.
This is a legal process where the court confirms that the land belongs to you.
Once the court finishes the probate process, you’re officially the owner. Now you can move on to the next steps!
Step 2: Transfer the Title to Your Name
Now that you’re the legal owner, you need to transfer the title into your name. This means updating the deed. A real estate lawyer or title company in Florida can help with this.
Got multiple heirs? Make sure the deed lists everyone who owns the land. If you and the others can’t agree on what to do with the land, things can get messy. In some cases, you could end up in court to sort it out. And it can take YEARS! So, better to save yourself from that situation.
Step 3: Check for Liens or Unpaid Taxes
When you inherit land in Florida, check for any unpaid taxes or liens on your land. Florida’s taxes can add up fast, and the county could sell your land at a tax deed sale if they’re not paid.
Call the county tax office to make sure everything is clear. This way, no surprises will pop up when you sell! Trust me, you won’t want to deal with those at the last moment. In my experience, it’s way better to get those taken care of before trying to sell the land because it will impact the types of offers that you are willing to accept!
Now, if you have liens or unpaid taxes, you can face a hard time finding the right buyer.
(Don’t worry we are here!)
Step 4: Know Your Land’s Value
Done with the legal matters and ready to sell? Now, you need to find it’s value.
There are a few ways to go about this:
- Do It Yourself:
You can figure it out yourself if you have the time for it. Just log into your computer and go on some famous land listing websites. You can compare the prices of similar lands to get an idea.
The best thing is that online research is free for most of the time!
You can also ask locals or check out any future developments that can affect your land’s value in a good or a bad way.
- Work with a Realtor:
If you prefer to skip the research, a real estate agent can help. They’ll have the tools and resources and experience to give you a solid price.
They also know the ins and outs of the market trends which is even better.
- Call Us for help:
You don’t have the time to do it yourself. And, spending so much money in realtor commission doesn’t seem like a good idea too? You have got another, better, option.
Call us! We can make it easy. Just fill out a simple form, and we’ll take a look at your land. We’ll give you a fair offer quickly. All for free!
Step 5: Know About Your Taxes
Here’s one of the most important part, if your inherited land has gone up in value (which usually happens all the time), capital gains tax applies.
But don’t sweat it! Thanks to Florida’s step-up in basis, the land’s value is locked in at what it was when the previous owner passed.
So, if you sell it for more later, you only pay taxes on the profit above that value. That means less tax and more money for you!
Step 6: Prepare to Sell
You’re almost there! Now, choose how you want to sell:
Traditional Sale:
You can list with a realtor and wait for the right buyer. But, that could take time and cost extra fees.
Cash Sale:
Want a quick, hassle-free sale? We buy land for cash—fast and easy!
We’ve got your back if you want to skip the wait and get cash in hand, fast!
Why Choose Us?
Selling inherited land doesn’t have to be a headache. When you work with us, we make it super easy. Forget the paperwork stress and long waits. We handle everything, fast!
No Agents, No Fees:
You get a fair cash offer without any extra costs or middlemen.
Any Condition:
Whether your land is in great shape or needs some work, we’ll buy it.
Quick & Hassle-Free:
No waiting around. Just a smooth, fast sale from start to finish.
Legal Stuff?
We Got It! Our team handles all the legal details so you don’t have to.
Let us take care of the tough stuff while you relax!
We Buy Your Land in Any Condition
Whether it’s inherited, has liens, or unpaid taxes, we’re here to make the sale easy. Liens, back taxes, inherited lands, we buy your land in any condition.
Whatever your situation is, we will take care of it.
In Summary
Only thinking about selling your inherited land in Florida is enough to give you headaches. Why? Because it feels stressful and confusing and extremely long. But, with our simple guide, it actually becomes pretty easy and less confusing.
If you are on your own, you need to be very careful about handling all the legal matters related to the land sale. Or else, you can land in trouble.
Still, if you don’t want to go through all the stress and mess, fair enough! We have got your back!
From the paperwork to the legal stuff, we handle it all so you don’t have to lift a finger.
So, why wait? Let us handle everything and make this process fast and easy for you.
Contact us today, and let’s make selling your land the easiest thing you’ll do this week!