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What is a Probate Sale? Answering 4 Big Questions About This Tricky Transaction

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You’re interested in buying a house, and someone told you about probate sales. But — if you’re being honest — you really have no idea what a probate sale is or how it works. What is a probate sale? You vaguely understand that these can provide opportunities for a bargain. We’ll walk you through it.

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How to Master Probate Transactions

The Residential Specialist

Probate transactions are notoriously difficult but can be mastered with the right education and experience By Annika Tourlas REALTORS ® are often faced with the delicate task of navigating property transactions after an owner’s passing. What is a probate transaction? A probate sale could take a year or more to complete.

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article thumbnail

How to Master Probate Transactions

The Residential Specialist

Probate transactions are notoriously difficult but can be mastered with the right education and experience By Annika Tourlas REALTORS ® are often faced with the delicate task of navigating property transactions after an owner’s passing. What is a probate transaction? A probate sale could take a year or more to complete.

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What Happens to a House in Probate? 3 Common Paths for Estate Property

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A house can avoid probate if it’s automatically passed on to survivors via a living trust , joint ownership , community property law , or transfer-on-death deed. So what happens to a house in probate? Other times the personal representative of the estate (also known as the executor) will need to sell the house with probate oversight.