When you become the executor or administrator of a loved one’s San Diego, estate you may start to feel inundated with fees from the courts, your attorney, and other parties. Bills for probate can quickly become overwhelming.
There are many steps in a successful probate sale that are the same as those in a traditional real estate sale. However a San Diego probate sale has some unique factors that can cause any involved party to quickly become overwhelmed by the process.
Completing the balancing act of selling a San Diego probate property is no easy task but, with the help of an experienced team of professionals, it is more then possible to achieve.
To begin, be sure that you are putting the health and welfare of your parents first. The process of planning an estate is not centered on the property or wealth, but rather on your parents’ well being.
If there are a great deal of personal belongings in the house, it is a good idea to remove all but the essential items. Old linens and drapery tend to trap smells as do cloth-based furnishings so, when possible, remove them.
When a probate appraiser determines the monetary value of the San Diego probate property, they consider the size of the lot, the property’s square footage, location and the current housing market. The appraiser also considers comparable property sales in the area to help determine the current market value of the house.
Do you understand your financial responsibilities as a San Diego personal representative? In most cases, you are entitled to compensation for your time, but know that you must keep detailed documentation to prevent any discrepancies.
Cash buyers are one of the most well know for convincing San Diego personal representatives that it will be quicker and easier if they sell directly to them and accept a lessor sales price.
It’s important to find a specialized probate real estate agent because sale of probate and traditional real estate can be very different experiences.
Understand that the process does not have to begin immediately following the death of your loved one. You should give yourself time to mourn. However it is a good idea to be in contact with a San Diego probate attorney within the first month after your loved one’s death.