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What Makes Estate Sales Unique?
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.
© 1997 Peter G. Miller. All Rights Reserved.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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