Hidden Costs in Probate and Trust Property Sales

Selling a property during probate or trust administration can be a stressful process, especially when unexpected costs arise. Many executors, administrators, and trustees are surprised by the number of hidden fees involved.

Common costs include title issues, such as errors or missing death certificates, which can delay the sale. Property maintenance, like utilities, landscaping, and security for vacant homes, can also add up. Many homes have deferred maintenance, such as outdated smoke alarms or unstrapped water heaters, which should be addressed before listing to avoid buyer concerns.

Other costs include legal fees, taxes (like property and supplemental taxes), and cleaning or personal property removal. If you’re managing the estate from out of town, travel expenses can also become a factor.

Understanding these hidden costs can help you prepare and avoid surprises. Watch now to learn more!