3 Things To Do Before Selling an Inland Empire or High Desert House in Probate

When a death leaves you responsible for your loved one’s personal things including Inland Empire or High Desert real estate that may need to be sold because a sale is dictated by the decedents will, to pay off creditors and to settle the estate for the beneficiaries.
No matter the reason, you will want to follow the rules of probate plus ensure the highest price and best terms for the probate sale. These are three steps to take:

  1. Be sure to talk to:
    1. An experienced probate attorney, who can guide you through the somewhat complicated rules and procedures of the probate court including many tasks that can be completed by the probate attorney relieving you of that responsibility.
    2. An experienced real estate broker, someone, like me, with years of experience helping executors and administrators to properly prepare, market and sell the decedents real estate. Someone that knows the documentation that protects the estates legal and financial rights when selling, probate real estate.
    3. The beneficiaries or heirs about selling the probate house. It’s important that you know if one or more of the beneficiaries want to keep (a buyout) the house instead of selling the house in probate.
  2. Have the probate house appraised by a probate referee prior to putting it on the market.
  3. Adhere to the probate court’s procedures and rules.
    1. There are two types of authority when being appointed as the probate personal representative, full authority or limited authority. Your probate attorney will explain the differences between each type of authority.
    2. When it comes to informing the heirs and beneficiaries of the terms of the sale, as your probate real estate agent, I will keep your probate attorney informed of the progress of the preparation, marketing and sale of the house in probate. Your probate attorney will draft a Notice of Proposed Action with the terms of the sale and mail or deliver it to the heirs or beneficiaries. The notice expires 15 days after mailed or delivered and the sale should not be completed prior to its expiration.

 

There is much to be done when responsible for a probate. Having the right help will make the process simpler. I’m Charlotte Volsch, an Inland Empire & High Desert  Real Estate Broker and I specialize in helping executors and administrators with Probate houses. If you want accurate answers to your questions, I’m here to help! Call me at 760-912-8905.

 

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