When a person dies, their real estate property must go through the probate process before it can be sold. One of its most important aspects is ensuring that the property is sold for the best possible price.
Without the help of probate realtors, this process can be complicated for estate holders. Realtors play a significant role in ensuring that the property is marketed correctly and in good condition to attract buyers.
Here are the top seven reasons you need a real estate agent for probate real estate sales:
1. Avoid Conflict Among Heirs.
Probate is the legal process by which a deceased person's estate is distributed to their heirs. During probate, the court will appoint a personal representative to oversee the sale of the dead person's real estate.
The probate process can be very complex if the deceased person owns real estate in more than one state. Probate real estate realtors know the ins and outs of the process and can easily handle evictions and other legal matters, which are essential to selling your property.
2. Ensure The Best Possible Price.
Probate real estate sales of the property are often made at a public auction, and the realtors ensure it is sold for the best possible price. Realtors examine the property to determine its market value and make recommendations to the estate on the best way to sell the property.
3. Handle The Paperwork
Many probate real estate realtors have been attorneys in the past. If not, they have a team of legal attorneys. This legal knowledge helps them navigate the process smoothly and ensure all the paperwork is complete and in order. Moreover, realtors also negotiate with buyers and sellers and handle any other legal issues that may arise during the sale.
4. Ensure That The Property Is In Good Condition
One of the main responsibilities of probate real estate realtors is to ensure that the property is in good condition. A well-maintained property has a fair chance of being sold at a high market price. Probate real estate realtors also work closely with the estate executor and manage the property from listing to closing. Moreover, they also do weekly inspections to ensure the security measures are in place and the home is safe throughout the process.
5. Access To A Wide Range Of Networks
Due to several years of experience in the business, trust and probate realtors have contacts with a vast network of tradespeople that can help close the probate deal. This includes-
- Landscapers
- Administrators
- Asset Location Experts
- Executors
- Trustees
- Insurance companies
- Conservators
Access to people with the required legal understanding can benefit the probate real estate purchase and sale process.
6. Understand The Court Process
The probate process involves many intricacies and technicalities that someone without the legal knowledge can't understand. When a probate owner dies, the transfer process can itself be complicated. Probate real estate realtors have the legal expertise to determine which documents are needed to file the necessary paperwork in court. Moreover, during the probate process, realtors can also represent the estate in court and ensure that the transfer process is completed promptly and efficiently.
7. Helps In Off-Market Purchase & Sale Of The Property
Sometimes conditions placed on the property preclude it from being listed publicly. In such cases, probate realtors have a team of marketing and sales professionals and can work with investors and developers to sell the property off-market. They help to facilitate the sale of the property and work with the estate executor to ensure that the property is sold for a fair price. They may also help find buyers for property not listed on the market.
Final Words
As you can see, probate real estate realtors ensure that the legal requirements are met for sale to be valid and take care of the property until it's sold. It's best to contact probate realtors for professional advice and understanding when handling a real estate probate sale process.
