The loss of a loved one is devastating. For the one tasked with the responsibility of handling the real estate and other assets it is often overwhelming. There are so many decisions to be made when dealing with death, taxes and real estate. In the best of circumstances, the departed has organized their financial and insurance information. And a living trust is in place.
Otherwise sorting through the mounds of pipework is chaotic and going through the probate process takes longer. In either event you need to first meet with your attorney.
In order to simplify selling any real estate, meet with an experienced trust and probate Realtor sooner rather than later. Dealing with death, taxes and real estate will be easier once you hire an experienced real estate agent. While deciding how to deal with your loved one’s possessions, your real estate agent can introduce you to someone who can conduct an estate sale. An agent experienced with both trust and probate sales can also provide you with a list of charities that can pick items up at the home. While you are determining what’s to be sold, donated, and passed on to family and friends, your Realtor should be obtaining estimates on quick and minor improvements. Often as simple as just sprucing up the landscape.
In an ideal situation, there is money in the bank. But sometimes, there are dwindling resources and bills piling up. A Realtor who focuses on probate and trust sales typically works with a variety of service providers who will consent to being paid out of the sale proceeds. Those navigating an out-of-area sale should hire a real estate agent who will agree to act as a property manager. Have the lawns watered; oversee the gardener. In short, look after the home.
There are many different nuances to probate and trust sales. The key to a smooth and seamless sale is to hire a Realtor with extensive probate and trust experience.
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