Probate: selling the home

The probate real estate sale…

The list price of the decedent’s home – which is now being sold probate – is effectively established by the court. In pricing the home to be sold – i.e.: in arriving at the list price of the home, the court will take into account the professional opinion of a licensed appraiser. The appraiser, having been enlisted by the court to complete the appraisal of the intestate’s home, which is now being sold.

The pricing of the decedent’s home – i.e.: the list price – will be arrived at through local market knowledge provided to the court by the designated listing agent. In arriving at the final list price of the intestate’s home, the court will also take into consideration those opinions and perspectives provided to the court by representatives of the intestate’s estate.

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Author: Ted Ihde

Ted is a real estate broker, a real estate developer as well as co-CEO of Team With Heart.