Your Agent’s Familiarity With Probate Codes and Intricacies of the Probate Process is Crucial
While precision is central to every real estate transaction, the demands of court regulated probate and trust sales are particularly complex. Deadlines are unforgiving and the probate codes must be honored.
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Orchestrating the Sale
Your agent will be orchestrating the sale between buyers, their agents, you, the Attorney, the probate referee, the title company, the bank, etc., etc. Their familiarity with probate codes and the process is as crucial as a surgeon’s familiarity is to their specialty. Each party must follow the terms and deadlines on the purchase agreement which must conform with the state and local probate codes and process.
Possible Liability
Your agent’s knowledge of state and local probate codes coupled with the local probate process is paramount to a mistake and liability free transaction. Most attorneys will concur, the inability to clearly explain the specifics of the process to all parties, in addition to the agent’s familiarity of the legalese in the eight-page probate purchase agreement will result in fewer offers and possible liability.
Probate Process
The probate process is as foreign to buyers and their agents as it might be to you. On the surface it may look like a regular sale, but underneath it’s an entirely different animal. The agent’s familiarity to the intricacies will make the difference to a mistake free smooth transaction or not.
Expertise
If asked every agent will tell you they’re an expert, though 99% of all agents have handled only one probate sale or less in their career. Since 1989 we have represented hundreds of Executors and Trustees. Our current and past customers will tell you when it comes to real estate…Pat Rocks!