Therefore, the minimum overbid required would be $289,250. An overbidder must bring a cashier’s check for at least 10% of this amount or $289,250 ($28,935) to be eligible to outbid the original offer.
Conclusion
Probate and trust sales come with specialized processes and unique legal terminology that differ significantly from traditional home sales. If you're buying or selling in this context, it's crucial to work with an experienced real estate agent who is well-versed in these procedures. The agent will guide you through the legalities and ensure all necessary steps are taken to complete the sale successfully.
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