The process of selling real estate via probate involves lawyers representing the estate as well as an executor, or estate administrator. The realtor who represents the estate also is as involved. The realtors of buyers are the other parties. All of them must respect the rules and regulations of the probate court guidelines, deadlines, and regulations.
Since trust and probate sales involve the court’s involvement There are a lot of documents and contracts that have to be made public. This is not something is typically seen in real estate transactions. An attorney for probate is needed when you intend to sell real property via probate. Additionally, the agent should have prior experience with probate or trust sales. They should also be able to explain the paperwork in simple language.
An open and transparent communication between you and your realtor is vital in this period. To assist you in understanding the process involved in probate and trust sales we’ve laid out three steps for selling probate real estate as well as the standard cost of a will.