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

HomeLight

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? How does a probate sale unfold? A probate sale can be complicated and take time.

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Opinion: What agents should know about selling probate real estate

Real Trends

For those seeking real estate investment opportunities, probate sales offer a unique and often overlooked niche. By understanding probate real estate and its intricacies, savvy investors can unlock potential gains while assisting families in the difficult process of settling an estate.

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How to Master Probate Transactions

The Residential Specialist

Knowing what to expect during a probate sale helps both parties approach the process confidently and find success. “I I find it the most rewarding when people need us the most,” says Michele Chiles-Hickman, CRS, sales agent at Berkshire Hathaway HomeService in Montclair, New Jersey.

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Is There a Time Limit for an Executor to Sell a House?

HomeLight

Partnering with a top agent experienced in probate can help when selling a home after the death of a loved one. According to Matthew Harber , a top real estate agent in Tacoma, Washington who regularly handles probate sales , there’s no universal timeline for executors.

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How to Master Probate Transactions

The Residential Specialist

Knowing what to expect during a probate sale helps both parties approach the process confidently and find success. “I I find it the most rewarding when people need us the most,” says Michele Chiles-Hickman, CRS, sales agent at Berkshire Hathaway HomeService in Montclair, New Jersey.

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

HomeLight

When you’re selling property in probate, it’s especially critical to hire a listing agent with experience handling probate sales and who’s familiar with the probate processes of your state. home inspectors , contractors , residential appraisers ) who also understand the nuances of probate. Why does that matter?

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Probate Properties are Great Opportunities for Real Estate Investors

Realty Biz

The probate process varies from state to state. These may require a public probate sale/auction. Generally, probate courts stipulate the home be sold “as is.” Once the sale is approved, you need to be able to close quickly. It typically takes from 6 to 12 weeks. You will want to make a “no contingency” offer.

Investor 101