How Selling Probate and Inherited Homes in Real Estate Sales Work
Do You Have an Inherited house, a Property in Probate or a Trust You Need to Sell?
Selling Probate and inherited homes and real estate with or without a Trust differs in many ways from a traditional real estate transaction.
Selling probate and inherited homes involves compassionately working with both Buyers and Sellers of probate homes for sale if and when the need arises.
Unfortunately, this is all too often, not to mention emotional. And, it often involves contentious situations for the Sellers.
Selling a High-Equity Legacy Property
If you’re selling a home that’s been in the family for years, or even decades, there’s often more than just money on the line. These legacy properties carry history, emotion, and big financial decisions. Whether the home has been lovingly maintained or is needing serious work, I approach the sale with strategy, care, and the respect it deserves.
Negotiating Matters When Selling Any Legacy Property
I’ll help you identify where the true value lies. Additionally, I’ll recommend smart improvements, only when necessary, and/or, show you why selling as-is may be your best bet so you don’t have to do a single repair. I’ll guide you through every step and show you how to net the highest price in any scenario.
With me, from pricing and presentation to negotiating and closing, your equity is protected, your questions are answered, and your timeline is respected.
Probate and Trust Sales
Navigating a probate or trust sale comes with its own set of challenges. From legal, to emotional, and financial. I have the experience to guide you through it all with confidence and clarity. I work closely with attorneys, fiduciaries, and family members to ensure timelines are met, disclosures are accurate, and every piece of the process is being handled with professionalism.
Whether the property is a historic gem, a mid-century time capsule, or a long-neglected fixer, I understand how to position it for market and get the best possible outcome while keeping stress and uncertainty to a minimum.
Court Approval May Be Needed in Selling Probate Real Estate or Selling Inherited Homes
If a loved one has passed and didn’t have proper estate planning in place, their property may go into the probate court for sale approval after opening the probate case. But, there are many cases where the property does not need court approval.
Can You Hire Your Own Real Estate Agent to List and Sell Your Inherited or Probate Home?
Absolutely, yes. In a probate sale or a house you may have inherited, an estate attorney, Trustee, Appointee or Representative can hire a REALTOR to post the listing and sell the home. But, you are absolutely allowed to choose a licensed real estate agent you desire to work with.
I always work very closely with the attorneys, title companies and/or Representatives assuring the process, keeping it legal and ethical across all spectrums. To attract the right buyer for a probate home is crucial. There are many steps that must go smoothly along the way and patience is usually needed.
Selling Fixer-Uppers that are in Probate or Inherited
Additionally, I assure you’ll receive the most financial gain when selling your loved one’s home, even if it’s a massive fixer-upper. A large majority of probate homes for sale are fixer-uppers. This is not uncommon at all. I have a strategy which keeps wholesalers out which means a much, much higher sales price for you.
This is just one example of many, where I helped the seller get absolute top dollar. I sold it for more than $100,000 she thought it was worth. And this was a fixer upper while the estate was in probate.
Don’t Leave Money on the Table Which You’re Entitled in Selling a House in Probate
Too often, there are other parties involved, often family members, who are eager to just get it over with. This leaves a ton of money on the table. It invites the vulture wholesalers in to take advantage of the situation and literally rob you blind. I see it all the time.
You don’t want to sell your probate or inherited property to a wholesaler for way less than it’s worth no matter the condition.
They offer way below what your property is worth. I believe this is not to your best interest. This may seem fast and convenient, but I assure you, it’s not.
I can assure that you’ll obtain the most money possible under your personal circumstances. Additionally, I will honor whatever pace and desires you need.
Marketing a Probate or Inherited Home For Sale When Selling in Phoenix, AZ
During a probate sale, the property marketing is just like any other property. When the local real estate agent is hired by executing a listing agreement, the home’s marketing becomes a traditional listing.
Professional photography, virtual tours, email marketing, print marketing, Internet and social media advertising, open houses, private showings, neighborhood canvassing, networking with other agents are just a few of the marketing methods I use to sell homes in the Phoenix Metro neighborhoods. This will all help bring in the widest audience of buyers to the home.
Appraised Value Versus Actual Value
Generally, the list price is based upon the listing agent’s suggestions. Sometimes, independent appraisals are ordered and issued by the court.
Either way, I’ll provide a professional, full comparative market analysis (CMA) for you, your attorney and/or the courts. If the appraised value is lower than the actual value of the property you’re selling, that’s OK. You’re never stuck with the appraised value.
Need to Sell a Phoenix Home or Estate in Probate?
If you need to sell a Phoenix or Phoenix Metro home in probate that needs court approval, contact me today on my cell at (602) 400-0008. I’ll walk you through the process step-by-step and work closely with any and all parties involved in the transaction. I can even refer you to some of the best probate attorneys in the valley who are the good guys.