If you need to sell probate property in California, you should know it’s a little more complicated than selling real estate traditionally. Let’s walk through the general process.
Selling Probate Property In California.
If a property is sold through probate in California, it must get an appraisal by the probate referee. The appraisal value helps set the price that you have to get for the property in order to avoid legal hassles. Once the appraisal is done, the estate executor has to let all interested parties about the intention to sell the property and get their consent.
What happens if a beneficiary objects to the sale?
Sometimes, a beneficiary will object to the sale. At this point, that beneficiary gets the chance to buy the other beneficiaries share of the property. If they aren’t willing to do that, then, the executor goes to the probate court for approval to sell the probate property.
Finally, the executor can list the California probate property for sale. Then, offers come in. If an offer meets or exceeds 90 percent of the appraised value, it’s legal for the executor to accept the offer without court approval.
Do You Need A California Realtor Specializing In Probate?
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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 real estate agent 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.While you’re here, feel free to bookmark the blog. Alternately, keep up with the latest realtor news and market updates using Facebook or Twitter.