Navigating the Probate Process: Real Estate for Personal Representatives
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We offer our heartfelt condolences to you and your family for your recent loss and understand the challenges that families face when navigating the probate process. With our wealth of experience and unwavering commitment to providing compassionate and professional guidance, we have successfully assisted numerous families in handling real and personal property matters during probate. Engaging a knowledgeable Probate Realtor in Los Angeles is crucial to efficiently selling such an important asset, Â while securing the best possible price for the property. With a wealth of experience totaling over 50 years, you can trust that, whatever the circumstances, we've encountered it all. The Landon Realty Team is here to support you through the intricacies of selling a probate property.
Having a probate real estate agent in your corner, well-versed in the processes and adept at navigating them saves you time and money. Jennifer and her team are here to guide you at every step as your experienced probate expert, ready to answer all your questions. We do this everyday, so you can rest assured you and your family are in secure hands.
Probate is a court-administered process of distributing a deceased person’s (decedent’s) estate/assets according to their will if one exists or, if there is no will, to the person’s immediate spouse/children/siblings/relatives.
The Probate process generally takes approximately nine to twelve months to complete. Probate is the only way to transfer real property from the deceased person to the heirs in the event that no trust was set up prior to the decedent’s death.
An Estate property may be sold by the personal representative when:
(Cal. Prob. Code § 10000.)A decedent’s will may designate the manner in which estate real property is to be sold or identify the particular property to be sold. Absent a court order based upon the best interests of the interested parties to the contrary, the personal representative shall comply with the decedent’s instructions. If the will is silent on these matters or there is no will, the personal representative may select the method of sale and the particular property to be sold. Estate real property may be sold by private sale, public auction, or a different method specified in the will of the decedent (Cal. Prob. Code §§ 10000.3, 10303). A private sale is one in which bids or offers are independently solicited, while a sale by public auction invites concurrent competitive bidding.
Generally, yes. Without full authority under IAEA, the minimum offer price for a private sale of real property must be at least 90 percent of the appraised value of the property (Cal. Prob. Code § 10309(a)(3)). The appraisal must have been made within one year prior to the date of the confirmation hearing (Cal. Prob. Code § 10309(a)(2)).
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The probate procedure encompasses a multitude of paperwork, filings, and time-sensitive deadlines, all necessitating a specific order of completion. As your collaborative team, we work alongside your Probate attorney, ensuring a meticulous and correct execution of tasks, ultimately saving you time and relieving the associated stress.
While you could opt to hire a real estate attorney, incurring costs ranging from $10,000 to $20,000, you'd still require a Real Estate Agent to handle the property sale. By choosing to work with us, we not only guide you through the process but also facilitate a connection with one of our attorneys, ultimately saving you from unnecessary expenses.
Discover the Advantage of Landon Realty Team: Our team stands apart from average real estate agents by providing specialized services tailored to the unique challenges of probate. We offer our sellers 3-4 strategic selling options, including All Cash As-Is Sale and Renovate & Sell approaches. These options are meticulously crafted to ensure our sellers not only navigate the complexities of probate but also get precisely what they need from the selling process. Trust us to guide you with personalized and comprehensive strategies designed for probate scenarios.
Count on our team to be there for you when you need assistance. You don't have to face the stress alone; we're here for you every step of the way.
You should not remove any items from the sale after you have hired an Estate Sale Company.
Download our FREE E-Book on the Do's and Don'ts: A Comprehensive Guide to handling Personal Property in Probate
When you work with Landon Realty you know you're working with an experienced Probate Team.
Our team of seasoned probate specialists can lead you through the entire process, from beginning to end. We'll accompany you every step of the way, ensuring a seamless experience throughout.
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Landon Realty Group is here to guide you through every step, making the journey seamless and stress-free. As seasoned professionals specializing in probate home sales, we understand the unique challenges that arise during this process and are committed to providing unparalleled expertise to ensure a successful outcome.
Jennifer's vast experience sets her apart from the crowd, as she is not your everyday Realtor®, but a real estate expert that understands and guides her clients and her agents through each step.
