Top 5 Questions About a
Probate Real Estate Sale
1. Should We Rent or Sell the Home?
The estate must be settled. Therefore, it is up to the beneficiaries (if more than one) to
determine how the equity of the property will be divided should one of the beneficiaries decide to keep the property and rent it out.
2. What is the Market Value of the Home?
This is a great question. A certified probate real estate specialist can quickly assess the market value of your home to give you a clearer picture of what to expect in a sale. As you may already know, the current market conditions in the home's community will be a determining factor. True value is what a buyer is willing to pay. Many factors need to be considered during a valuation, therefore, a home walk-through is usually necessary to finalize your homes approximate value.
3. Should We Make Repairs or Sell Home As-Is?
In a lot of cases, probate real estate sales are sold all cash, as-is. Some homes are in pristine shape others need major work. In some cases it would make sense to make repairs. A certified probate real estate specialist can help you determine if repair work would yield a higher sale price and be worth the time, money, effort and resources. However, it is up to the Personal Representative of the estate to determine of repairs will be made.
4. Should We Self-Sell or Hire A Certified Probate Real Estate Specialist?
Losing a loved one is an emotional and challenging time for family, relatives, and friends. In addition, those left behind are often faced with the details of how to transfer or inherit real estate from the person who has died. To do this, you must usually go to probate court.
And dealing with the courts and the sale of real estate of someone who has died can be very complicated. Don't risk the estate! Hire a Certified Probate Real Estate Specialist (CPRES).
Eva Marin, as a CPRES REALTOR understands the unique complications, the time-sensitive process, and adheres to the the best practices necessary to navigate the potentially treacherous transaction to completion and help the estate realize a win-win-win transaction
5. What Should We Do?
Call us! Let's discuss your probate real estate sale and allow us to show you the many ways that we can help.