Have you inherited a property currently in probate and need to sell it? Are you unsure of the process and how to handle it? I can help.
A probate sale requires knowledge of process. These steps include:
Court appointment of the executor or administrator of the estate – The executor or administrator is the person who has authority to sell the property, either named in the decedent’s will or appointed by the court.
Property appraisal – An appraisal is prepared by a probate referee. It’s then used by the executor or administrator to set a list price for the property with the assistance of the real estate agent.
Marketing of the property – The property is aggressively marketed by the real estate agent to obtain the highest and best price and terms. Offers need to be at least 90% of the list price to be acceptable.
Notification to all heirs – All heirs are notified of the accepted offer through a Notice of Proposed Action. If an heir objects to the offer, further court confirmation is required to execute the sale.
Court confirmation and over-bidding – When court confirmation is required, a potential buyer may over-bid the accepted offer. Over-bids need to qualify by meeting a minimum amount set using an over-bid formula. Upon final court confirmation and execution of the sale, escrow is open and the transaction can proceed to close.
For probate sale assistance, please call, text or email me. You can rest assured that your transaction will be handled in the most professional manner.
At Exit Realty of the South, we are committed to providing you with up-to-date information, comprehensive resources and the highest possible level of customer service in order to meet or exceed your real estate goals and objectives. Guided by honesty and integrity as a professional standard throughout the company, we are devoted to your total satisfaction as the benchmark of our success. The recipe for our success is an extensive support team that is second-to-none and passionate real estate professionals who invest numerous hours of continuing education to remain on top of their field.
Above and beyond having the desire, knowledge and ability to manage a real estate transaction, we employ innovative tools and systems that allow us to be most effective and efficient in serving you. From our computers to web-based real estate software and many other innovative techniques, we are driven to stay at the leading edge of technology to better serve you.
Our mission is to provide the highest quality Realtor services. At Exit Realty of the South we strive to provide the most knowledgeable and savvy real estate agents in the market. Whether you are buying or selling, an Exit Realty of the South sales representative has the skills to serve you above the rest.