Whether you are selling a property or have found one you love, rely on trusted resources and professional advice
Estate sales play an often overlooked role in the real estate market. They require a bit more care, sensitivity and attention to detail to navigate.
Probate is a legal process where a will is reviewed to determine whether it is valid and authentic. When someone dies and leaves their property to their heirs, that property has to pass through probate first. Probate can take weeks or months—it can be a long and involved process with several variables and issues that can arise unexpectedly. It is generally best to wait until probate has passed before listing a property to sell.Getting advice and input from a trusted real estate lawyer is always important, but perhaps never more so than when you’re dealing with an estate sale.
For a fuller picture of the home’s history and condition, buyers may want to consider making their offer conditional upon inspection.If probate hasn’t been completed before the property was listed for sale, there is a very real possibility that your closing date could change. Reasons for this could be that the estate is more complicated than originally thought or that there was no will in place.
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