CHAPTER 5 How Selling A House In An Estate Differs From Regular Home Sales egular Home Sales
A house is sold in probate court when someone dies intestate (i.e., without a will) or without bequeathing their property. When that happens, the state administers the property’s sale according to state law. The court wants the property marketed and sold at the best possible price and requires certain steps, processes, and procedures be followed. Probate laws vary by state, but a good real estate agent should be knowledgeable about probate sales both in general and in the specific state where the sale will take place. A probate sale is the process executed at a county court in the USA where the executor for the estate of a deceased person sells property from the estate (typically real estate) to divide the property’s value among the beneficiaries of the deceased. A 29
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