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What is a Probate Sale? Answering 4 Big Questions About This Tricky Transaction

HomeLight

You’re interested in buying a house, and someone told you about probate sales. But — if you’re being honest — you really have no idea what a probate sale is or how it works. What is a probate sale? How does a probate sale unfold? A probate sale can be complicated and take time.

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Is There a Time Limit for an Executor to Sell a House?

HomeLight

If you’ve been designated as the executor of an estate that includes an inherited home, you probably have some questions. On top of all that, you’re likely dealing with the emotional strain that comes with losing a family member or close friend. First and foremost, you may be wondering: How long does an executor have to sell a house?

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How to Master Probate Transactions

The Residential Specialist

Knowing what to expect during a probate sale helps both parties approach the process confidently and find success. “I I find it the most rewarding when people need us the most,” says Michele Chiles-Hickman, CRS, sales agent at Berkshire Hathaway HomeService in Montclair, New Jersey. I think knowledge is power,” Fernandez says.

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The Role of a Probate Realtor® And When You Need One

HomeLight

Simply put, if you’re trying to buy or sell a home, and the home’s owner died without a clear trust, you may need to start looking for a probate real estate agent to help you through the process. Here we’ll explain how probate home sales work, as well as the actions you can take if you need to start a probate sale.

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How to Master Probate Transactions

The Residential Specialist

Knowing what to expect during a probate sale helps both parties approach the process confidently and find success. “I I find it the most rewarding when people need us the most,” says Michele Chiles-Hickman, CRS, sales agent at Berkshire Hathaway HomeService in Montclair, New Jersey. I think knowledge is power,” Fernandez says.

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What Happens to a House in Probate? 3 Common Paths for Estate Property

HomeLight

But when you think about probate, remember the whole point of it is to prevent fraud after someone dies. So you can bet the court will keep a close eye on what’s usually an estate’s largest asset: the house. What happens to the house when it enters probate? Let’s walk through a few common scenarios for a house in probate.

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8 Red-hot Real Estate Niches That Can Double Your GCI in 2024

The Close

When I was an agent in New York City, I made $1,500 to $3,000 per closed rental transaction. Agents who worked high-end exclusive rental listings sometimes collected five-figure commission checks from one closed rental deal. It’s a designation that will take about a day to acquire. Let us know by leaving a comment below.