How Selling Probate and Inherited Homes and Real Estate Sales Work

Do you have a house you inherited or in probate 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.

I compassionately work 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.

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 the probate case is opened. 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’m working very closely with the attorneys, title companies and/or Representatives assuring the process is kept legal and ethical across all spectrums. To attract the right buyer for a probate home is crucial as there are many steps that need to 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, more than $100,000 more than she thought, for 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 and 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 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 is marketed just as 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. 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 not 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. 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.