If you are in the process of probating an estate and are thinking about selling the property belonging to the estate, this page is full of helpful information and resources for you, including a free guide that can help you understand the process from start to finish.
Whether you are helping to settle a Trust or a Probate, your title may be slightly different, but the roles and responsibilities are fairly similar. Although Trust administration typically doesn’t require court involvement, most other tasks will still need to be addressed. Similarly, an Attorney-in-Fact managing the affairs of a relative with dementia or one declared legally incompetent will often face comparable obligations, especially when arranging specialized senior memory care.
In all these scenarios, working with an experienced real estate professional is essential for navigating the preparation and sale of a property. A long-term family home often contains decades’ worth of personal belongings that need to be sorted and managed. Having a knowledgeable professional who understands the legal requirements and common challenges involved in handling both real estate and personal property can make the process significantly smoother.
Not only are there many practical things to consider, such as securing the property if it’s vacant, sorting and distributing personal property, preparing the home for sale, and understanding how to maximize the net sale price of the property, but we also understand that this can be an emotionally sensitive time as well. Losing a close friend or family member is a lot to go through and then dealing with legal and practical matters on top of that can be quite overwhelming for most people.
And to compound matters, many Executors and Trustees also are often bombarded by investors who are hoping to swoop in and take advantage of the situation by convincing the Executor or Trustee to accept a quick, cash offer that often leaves many thousands of dollars on the table.
This is where we can help. We have resources for helping to facilitate a quick, cash offer as well, but one from a reputable source that can actually close the sale and that would offer a fair, closer to market value offer. We can also help you determine the actual market value of the property, whether it has some repairs done or is sold completely “as-is”. We can offer you a free market analysis and help you make decisions about the timing and the direction you would like to go. This is completely free of charge and can be started with just a quick phone call.
We also have resources that can save you time and really help you navigate your next steps. You may need help securing the property, doing some minor repairs, cleaning, removing unwanted personal property, having an estate sale and things of that nature. We have resources and contacts that are reputable and able to help you.
As you are doing research and learning more about settling the estate, here is some information that you may find helpful.
As you can see there are many activities that an Estate or Trust Attorney will help with but many others that a trained Real Estate professional will be a very useful resource. This is why many of the agents on our team have completed the training to become Certified Probate Real Estate Specialists. We understand that the process of selling a home through an estate can be complicated and overwhelming for the average person. And we are committed to helping folks through every step of the process as advocates and guides to smoothly navigate the necessary steps along the way.
You can download our free guide called:
Selling My Probate Property, How to Maximize Your Net Proceeds and Get the Help You Need
Settling an Estate in California Probate Court is a much longer process than many states. Here the whole process can easily take 12 to 18 months whereas in other states it can be as short as a month or two. While it can be a long, frustrating process it does serve to help safeguard that the property is distributed as the Owner wished and that all “interested parties” are served.
Here is an overview of the Probate Timeline in California.
This timeline is not legal advice. Please consult your attorney for information specific to your case. More information available at https://www.courts.ca.gov/8865.htm
As you can see there are many activities in the Probate timeline that an Estate or Trust Attorney will help with but many others that a trained Real Estate professional will be a very useful resource.
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