Probate sales are a legal way to sell real estate and inherit property. The process is simple, but there are some things you need to know before you go through with it.
The first thing you need to do is file a petition with the court. This document will list the estate inventory, the names of the personal representatives (the person or people who will be handling the sale), and the date of the sale. You'll also need to provide information about the sale, such as how much money is being raised and when it will take place.
The probate property sale procedure is a stressful experience. It's important to find an agent who has experience selling probate properties, because they'll know how to get your property sold quickly and for as much money as possible.
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Once you've found an agent, he or she will start putting together a marketing plan. This plan will include items like flyers, brochures, and website content. You'll also need to set a price for your house and start advertising it online and in local newspapers.
If you're interested in purchasing your own property during a probate sale, be sure to check out the rules specific to that type of sale beforehand. For example, in some cases only pre-approved buyers are allowed access to the property, so make sure you're familiar with these rules before making an offer.
