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5 Common Mistakes when Dealing with Probate Real Estate

Mistakes in probate can cost you your precious time, money, and energy.
Selling a property after a loved one has passed away can be a time of grief and distress. Couple this with the legal and financial issues surrounding probate, and you’ve got the perfect recipe for feeling frustrated and making mistakes due to the stress. 
Probate can be difficult. But with the right support team and knowledge on your side, you can avoid some of the most commonly made mistakes in the probate property sale procedure.
To help you out, I’ve gathered some of the 5 most common mistakes I’ve seen people make when selling their deceased loved one’s property. Together, we can learn from these mistakes to help you successfully sell the probate property.

5 Mistakes You Can’t Afford to Make in the Probate Property Sale Procedure

1. Procrastination

The last thing you want to do is make any mistakes that get people into legal problems. One of the easiest ways to get in trouble is by procrastinating. Procrastinating getting the home approved for sale, putting it up for sale after approval, and other time-bound mistakes can lead to some devastating consequences. It’s important to understand that this is not the time to learn from your mistakes to avoid a disaster.

But clearly understanding what you need to do, you cannot procrastinate and prolong the process even more. Working with an experienced probate real estate agent can help you do just that. 

2. Not keeping records

Another common mistake I see is people not keeping track of their transactions.
Keep your receipts! It is important to record every transaction that takes place with a probate estate. Not doing so can hold you liable and even cost you a lot of money and unnecessary stress.

3. Poor communication

Bad communication is the root of many of life’s problems –– especially when it comes to probate.
As the personal representative in probate, it’s your job to keep the beneficiaries informed of what you’re doing and any major decisions you’re making. If you don’t, it can lead to misunderstandings and even conflict within the family, costing you stress, money, and time.

4. Not understanding your role as a personal representative

I understand. You have so much going on, and you’ve most likely never done this before. But not fully understanding your responsibilities, you can face serious consequences. 
You’ll have court hearings to attend, documents to fill out, newspaper listings to publish, assets to distribute, and a house to sell.
By having an experienced probate realtor in LA on your side, you can get some support and weight off your back and make sure you understand your duties.

5. Not hiring a realtor who specializes in probate

Probate is its own beast. Yes, you can hire any real estate agent. But, if you want that support and guidance you need through the process, you’ll need someone who’s been there before –– someone who understands what you’re going through and what you need to do to get through this with the least amount of stress as possible.
That’s why I’m here. I understand that it isn’t easy selling real estate in probate. Particularly when the process is full of uncertainty and complications, let me help. Call or text me today at (213) 465-0936, and I can help guide you through. You’ll be glad you did!