What is Probate Real Estate?
Probate is the legal process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off. In general, probate property is distributed according to the decedent’s last will and testament, if there is one, or according to state law if no will exists. In some cases, the decedent’s estate includes real property that must be sold under the court’s supervision.
Some of the advantages of hiring a Probate Real Estate Specialist include:
- Selling expertise with an eye toward minimizing risk for disagreement between heirs;
- Help with inspections, clean up, arranging Estate Sales;
- Trusted adviser during a difficult time;
- Support during the probate process;
- Knowledge of estate settlements and wills.
The 12 most common mistakes an executor can make during the Real Estate process. They are:
- Not educating yourself about the probate process
- Waiting too long to market the estate’s house
- Maintaining real estate
- Choosing friends over professionals for specific jobs
- Waiting too long to begin the probate process
- Not knowing your best options when it comes to selling the property
Should I use the same agent who helped me sell my own house?
You are free to choose any real estate agent you like, but it is important to remember that probate real estate sales are complicated legal matters. Most real estate agents are not experienced or well-versed in the probate process. It makes sense to choose an agent who specializes in probate and trust real estate, and who understands the intricacies of pricing, marketing, and presenting such properties. Your agent will represent your interests throughout the transaction; being able to understand and explain the process is essential. Learn more with our Probate Faq page. Schedule a consultation with us to discuss how we can help you achieve your goals
