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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 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, Then the selling process begins.

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article thumbnail

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, Then the selling process begins.

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

HomeLight

This process varies from state to state but generally follows the same steps: the executor partners up with a top real estate agent to handle the transaction, orders a home inspection , and then the house goes on the open market like a traditional home sale to bring a buyer to the table. Why does that matter?