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Probate Listing Process

PROBATE LISTING PROCESS

The Probate Listing Process to Sell Real Estate

Probably the most important thing to first consider is if you’re legally entitled to sell the home. You are legally able to sell the home if you are 1) a Successor Trustee and the home is in the trust, or 2) you have been appointed the personal representative by the court. You may have partial or full authority. View our chart for the difference.

Once you are legally entitled to sell the home, I would like to have your permission to step inside the home. It can take me ten minutes to survey a property and its condition to help you with value. I will give you a value up to the minute. And we can discuss how to make the house empty. That’s the most common problem, particularly for out-of-area PRs. Don’t worry, we have got a solution.

Our listing presentation can be sent to you as a PDF and will have three commission options and explain the upcoming National Association of Realtors legal settlement. It will affect every seller and buyer in the United States, so we have it covered in our listing presentation.

Once the house is empty, we ask for a sixty-day window to sell your home. Even if it sells in one day, we ask for 60 days on the market just in case something crazy happens and our work takes longer.

A personal representative in the probate process is an individual appointed to manage and settle the estate of a deceased person. This role can be referred to as an executor if the deceased left a will, or as an administrator if there was no will or the named executor is unable to serve. The personal representative has several key responsibilities, including:

1. Filing the Will: If there is a will, the personal representative must file it with the probate court to initiate the probate process.

2. Notifying Heirs and Beneficiaries: They must inform all heirs and beneficiaries of the probate proceedings.

3. Inventory and Appraisal: They are responsible for identifying, inventorying, and appraising all the assets of the estate.

4. Managing Estate Assets: This includes safeguarding and managing the estate’s assets during the probate process, which may involve maintaining property, collecting debts owed to the estate, and paying any bills or taxes.

5. Paying Debts and Taxes: The personal representative must ensure that all valid debts and taxes owed by the estate are paid from the estate’s assets.

6. Distributing Assets: After debts and taxes are paid, the personal representative distributes the remaining assets to the heirs or beneficiaries as directed by the will or by state law if there is no will.

7. Reporting to the Court: They must provide regular updates and final accounts to the probate court, detailing the management and distribution of the estate.

The personal representative plays a crucial role in ensuring that the deceased’s wishes are honored and that the estate is administered according to legal requirements.

How to Get Started

Taking the first step toward buying or selling a home in probate or a traditional home is easy with Blend Luxury Real Estate.

 

Simply contact us through our website or give us a call to schedule a consultation. Broker and owner Kimberly Dotseth is ready to listen to your needs, answer your questions, and provide expert guidance.

 

Whether you're looking to sell a home or plan to sell or buy in the future, getting the best price is one of our top goals for you.  We are here to help every step of the way. Get in touch today to start your real estate journey with Blend Luxury Real Estate.

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