How Selling Probate Real Estate Sales Work
Selling Probate and Estate Real Estate With or Without a Trust Differs in Many Ways from a Traditional Real Estate Transaction
Here at HistoricPhoenixDistricts.com, 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 Probate Sales
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.
In a probate sale, an estate attorney, Trustee, Appointee or Representative hires a real estate agent to post the listing and sell the home. I’m working very closely with the attorneys, title companies and/or Representatives assuring the process is kept legal and ethical.
Selling Fixer-Uppers that are in Probate
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 a Probate Sale
Too often, there are other parties involved are eager to just get it over with leaving money on the table. I believe this is not to your best interest. 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.