If you were granted full authority to administer the decedent’s estate, under the IAEA, you don’t have to follow this rule. Normally, as you may have heard, the law requires the price of probate property from an estate to be at least 90 percent of the appraised value. Under the IAEA, personal representatives granted full authority can use their own discretion for the terms of the sale of property.
Of course, they still maintain a fiduciary duty to all heirs to make sure to get the most money out of the sale as possible. It’s just that with full authority granted, the sale isn’t subject to court supervision. Also, with full authority granted, the sale isn’t subject to the sometimes tedious overbid process.
Do You Need A California Realtor Specializing In Probate?
We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. We won’t let you get lost in it. If you need a realtor in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though. Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.
We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See? We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.
If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us! These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.