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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? You vaguely understand that these can provide opportunities for a bargain. We’ll walk you through it.

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How to Find the Right Real Estate Agent for Probate Property

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Probate is the court-supervised legal procedure that ensures the proper people are given the rights to and responsibility for the decedent’s financial and physical assets. Many legal aspects of the probate process — such as filing the initial and closing petitions — will be handled by your probate attorney.

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Opinion: What agents should know about selling probate real estate

Real Trends

For those seeking real estate investment opportunities, probate sales offer a unique and often overlooked niche. By understanding probate real estate and its intricacies, savvy investors can unlock potential gains while assisting families in the difficult process of settling an estate.

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

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And if you’re on the buying or selling end of a probate home sale, it can be shocking to find out just how different the full process can be from a standard sale. 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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Is There a Time Limit for an Executor to Sell a House?

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On top of all that, you’re likely dealing with the emotional strain that comes with losing a family member or close friend. To help minimize extra stress during an already challenging time, we’ve gathered all the essential details from experienced probate attorneys and a top real estate agent.

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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. “So,

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4 Common Mistakes People Make Selling Probate Real Estate (And How to Avoid Them)

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Selling probate real estate is a different ball game than a traditional home sale. If a decedent’s estate has property you intend to sell during probate, buckle up for a long ride with bumps, twists, and turns you didn’t see coming — unless you’ve got a good grasp on how this process works.