Question: How does an estate sale differ from a regular real estate purchase?

Answer: An "estate" sale occurs when someone dies and their property is offered for sale by the heirs, a party named to execute the will, or a court.

In some cases, the rules for estate sales may vary from those of other residential transactions. For instance, in some states the need for a disclosure statement may be waived. Title may be given in the form of a quitclaim deed. The sale may be subject to court approval.

For details, speak with a knowledgeable broker or attorney in the jurisdiction where the property is located.