First and foremost, from our family to yours, we extend our most sincere condolences for your recent loss.
Hiring a well versed Probate Realtor in Los Angeles is essential to closing this chapter of your life promptly while ensuring you get the highest price possible for the property.
With over 100 years of combined experience, you can rest assured, whatever the case may be, we have seen it all, and Josh V Realty is on your side when it involves the procedure of the sale of a probate property.
It would be best if you had a probate real estate agent on your corner that understands the processes and how to navigate them in a way that saves you time and money. Having an experienced probate expert to lead you every step of the way, who can answer all your questions, is why we are here.
Work With The Top Probate Realtor In Los Angeles.
Our team of experienced real estate specialists will guide you through the entire process, from start to finish. And we’ll be there every step of the way, ensuring that everything goes smoothly.
Probate is a court-administered process of distributing a deceased person’s (decedent’s) estate/assets according to their will if one exists or, if there is no will, to the person’s immediate spouse/children/siblings/relatives.
The Probate process generally takes approximately nine to twelve months to complete.
Probate is the only way to transfer real property from the deceased person to the heirs in the event that no trust was set up prior to the decedent’s death.
An Estate property may be sold by the personal representative when:
(Cal. Prob. Code § 10000.)A decedent’s will may designate the manner in which estate real property is to be sold or identify the particular property to be sold. Absent a court order based upon the best interests of the interested parties to the contrary, the personal representative shall comply with the decedent’s instructions. If the will is silent on these matters or there is no will, the personal representative may select the method of sale and the particular property to be sold.Estate real property may be sold by private sale, public auction, or a different method specified in the will of the decedent (Cal. Prob. Code §§ 10000.3, 10303). A private sale is one in which bids or offers are independently solicited, while a sale by public auction invites concurrent competitive bidding.
Generally, yes. Without full authority under IAEA, the minimum offer price for a private sale of real property must be at least 90 percent of the appraised value of the property (Cal. Prob. Code § 10309(a)(3)). The appraisal must have been made within one year prior to the date of the confirmation hearing (Cal. Prob. Code § 10309(a)(2)).
Knowledge is power. Prepare for the probate process with peace of mind.
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