Probate Process

During the probate process, the real estate owned by the deceased is typically identified, appraised, and may be sold to settle any debts or distribute assets to beneficiaries. The real estate may need to go through a formal valuation process to determine its current market value. Once this is established, the property can be sold or transferred to the designated heirs or beneficiaries as outlined in the deceased’s will or according to state laws if there is no will.

It is essential to follow the proper legal procedures and requirements when dealing with real estate during probate to ensure a smooth process and prevent any disputes among interested parties. Having a Certified Probate Real Estate Specialist by your side to guide you through the probate process in Orange County & LA County can be very rewarding.

How to Locate Probate Properties for Sale in California

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Probate Home Sale

A home is sold in probate court when someone dies intestate or without disposing their property. When that happens, the state takes over and administers the property’s sale. In a probate sale, the property is marketed just like any other property. The probate attorney or the estate representative will hire a local real estate agent, sign a listing agreement, and show the property, just as they would a traditional listing.

Making an Offer

An interested buyer can make an offer on the property at any time. However, in the case of a probate sale, the offer must be accompanied by a 10% deposit. The estate representative will then accept or counter the offer, just like any other sale.