The Benefits Of Selling A Probate Property With A Council Bluffs and Omaha Agent

The Benefits Of Selling A Probate Property With A Council Bluffs and Omaha Agent
Homes By Chris Harter: Your Local Council Bluffs and Omaha Real Estate Agent.
Call 402-378-9462
www.homesbychrisharter.com

When the fiduciary/beneficiary duties of handling a deceased loved one’s estate fall to a family member, the experience can be stressful and overwhelming in addition to the sorrow they’re already suffering through. The temptation, then, is just to get through it all as quickly as possible. And when selling a probate property in Council Bluffs or Omaha, the family may just choose the first real agent in Council Bluffs or Omaha recommended to them. But that could be a huge mistake. Selling a probate property in Council Bluffs or Omaha is a complex, lengthy, court-involved process that calls for the services of an knowledgeable real estate agent in Omaha and Council Blufss who specializes in probate sales. So let’s look at the benefits of selling a probate property with a Council Bluffs and Omaha agent who has the niche knowledge and training.

Benefits of Selling a Probate Property With a Council Bluffs and Omaha Agent

The benefits of selling a probate property assisted by the right Council Bluffs or Omaha agent are varied and numerous, but here are the main ones:

  • Development of marketing and sales strategy to ensure the quickest sale and greatest ROI possible, for example, determining whether a sale through wholesale or retail markets is the better route.
  • Preparing you for and building into the strategy ways to meet unexpected obstacles and other contingencies for speed, less stress, and greater return.
  • Ensuring the plan/strategy is carefully crafted to meet the special requirements and legal obligations involved in selling a probate property in Council Bluffs or Omaha in accordance with the probate laws in your particular state.
  • Working closely with and coordinating the many parties involved in selling a probate property in Omaha or Council Bluffs and offering you encouragement and emotional support when needed.
  • Assistance with preparing the home for sale, handling such things as repairs, upgrades, and decluttering, while dealing with contractors who won’t be paid till the estate closes.
  • Bringing to bear pricing expertise, listing the property in all the most effective venues, and marketing creatively and effectively.
  • Handling scheduling, showings, negotiations, and transactional processes, helping you navigate smoothly through all these steps in the process of selling a probate property.

Courts and Attorneys

As we mentioned, many people’s first reaction, when they first discover just how complex and drawn out the process can be, is to just get the property listed and sold in Omaha and Council Bluffs as soon as possible. Not only is this usually a mistake, but it can also land you in legal hot water. Selling a probate property in Omaha or Council Bluffs is much different from a traditional home sale.

First of all, even you are named as the estate’s executor in the will, you don’t have any legal authority to enter into a real estate deal till the court officially appoints you as the estate’s personal representative at the first probate hearing. “This means that you cannot list the house or even sign a listing agreement with your Council Bluffs or Omaha probate real estate agent until you have authorization from the probate court. To get this authorization, you need to have a probate attorney file a petition to probate with the probate court and then wait until you’re granted rights at that first hearing” (HomeLight).

So the first professional you’ll need in selling a probate property in Omaha or Council Bluffs is a probate attorney. Then you’ll need to hire a Omaha and Council Bluffs realtor experienced in probate sales. One of the benefits of using a Council Bluffs and Omaha agent at this point is that she can help you get the house ready for sale and perform a comparative analysis to arrive at fair market value while you are waiting for the probate court’s authorization.

Your probate attorney will, of course, charge the estate by the hour (as any other attorney would), but your local Council Bluffs and Omaha probate realtor will receive a commission on the sale, the same as a traditional Omaha and Council Bluffs real estate agent would. This whole process entails a lot of critical documents and the following of legally mandated steps. If you don’t want the estate to keep shelling out money on attorney’s fees, your Council Bluffs and Omaha real estate agent can assist you and guide you through all of this.

Further Legalities

Selling a probate property in Council Bluffs or Omaha includes a host of legal intricacies that your local Omaha and Council Bluffs  realtor can help you stay on top of. Not least of these is disclosing that the property being sold will be subject to the legalities of probate. The idea here is to inform buyers early on that a sale will be finalized only on court confirmation.

“A court confirmation hearing will be scheduled once an offer is made. While waiting for the hearing, the probate sale must be advertised with the offered price in the local newspaper. This is to inform other potential buyers who will have the opportunity to bid for the property at the actual court hearing” (ActiveRain).

So if other interested buyers are present during the court hearing, an actual bidding process, conducted by the court, will take place. Then after the bidding and at the end of the hearing, the probate court will confirm a final buyer. And then the executor of the estate can complete the sale.

Selling a probate property in Omaha or Council Bluffs, then, requires that you familiarize yourself with the many pertinent laws or that you hire a Council Bluffs and Omaha real estate agent who understands all this. It’s your choice, but the second option is by far the best for most people.

Contact Chris at Homes By Chris Harter to Sell Your Probate House Today, contact us! 402-378-9462

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