There are several things that make a probate sale much different from a traditional sale, but here are a few important ones:
- In a probate sale, the listing agreement should include addenda that prevents the listing from going over 90 days.
- In a probate sale, you must file a publication for sale when you accept an offer if the sale is confirmed by the court. If it’s not required, you should send a notice of proposed action to the beneficiaries that includes terms of the proposed sale. Fifteen days must go by without anyone contesting the sale.
- In a probate sale, you must sign a duties and liabilities form that explains your role and what you are responsible for, as well as what you’re liable for if you make a mistake.