Dealing with the loss of a loved one can be difficult enough without the added stress of San Diego probate. However, the family of the recently departed is often accountable for guaranteeing that the decedent’s assets are handled with care and responsibility.
Most real estate agents do not have the needed expertise to guide an executor or administrator. Probate Real Estate transaction has a myriad of details that must be addressed.
Whether you die with or without a will in San Diego, your probate estate will be subject to all this. Ultimately, it may result in your wishes not being honored.
The expense of staging a San Diego house ($2,500-$4,000) will be recouped in the negotiated purchase price and, more importantly, it will help the buyers to “see” how their family will live in that home.
This article addresses being a San Diego Real Estate Trustee and the experience of aggressive beneficiaries.
The simple answer to this question is yes, a San Diego house can be sold while in probate. Real estate is typically the largest asset within the estate and experience shows that most San Diego Executors and Administrators choose to sell the house during the probate period.
When the decedent leaves a will, an “Executor” is responsible to carry out the directions and requests set forth in that will. Conversely, when a decedent dies “intestate” (i.e., the person passed away without leaving a will), the San Diego Probate Court appoints an “Administrator” to manage the decedent’s estate.
San Diego probate is the court procedure that changes the legal ownership of the decedent’s property. The purpose of probate is to make sure that, in the presence of a will, the decedent’s wishes are carried out, including appointment of the decedent’s Executor. In the case that the decedent passed away intestate (without a will), the San Diego probate court would typically appoint a family member to act as Administrator.
You could pay $500 for an appraisal; however your San Diego real estate agent could provide you with the current market value of the house for free.
Interest rates are historically low, hence many homeowners are able to refinance and obtain a low mortgage interest rate. Combined with a strong rental market, they may then decide to rent their San Diego house instead of selling in the current marketplace.