Can You Sell A House During Probate In California?

Can You Sell A House During Probate In California?

Highlights

Losing a loved one is a difficult and emotional experience, and the probate process that follows can add an extra layer of complexity. If the deceased owned a home, you may be wondering, “Can I sell the house during probate in California?” The answer is yes, but the process is heavily regulated by the state’s probate code.

Understanding the Probate Process in California

When someone passes away, their real estate and other assets become part of their estate, which must go through the probate process. This process is governed by specific laws and regulations outlined in the California Probate Code.

As the executor or administrator appointed by the court, you have the responsibility of managing the estate, including any real estate properties. This includes the ability to sell a home that was owned by the deceased.

Selling a Probate Home in California

In California, there are several ways you can sell a home that is part of a probate estate, but the process is heavily regulated to protect the interests of the beneficiaries and creditors

The most common method is to work with an experienced probate real estate agent, such as the team at Josh V Realty in Los Angeles. They can guide you through the specific requirements and ensure the sale complies with California’s probate laws.

Key Considerations for Probate Home Sales

  • When selling a probate property in California, there are a few important factors to keep in mind:
  • The sale price must be at least 90% of the property’s appraised value, which must be current within the past year. 
  • The sale must be approved by the probate court, and the court may allow other interested parties to bid on the property during the confirmation hearing.
  • There is a strict timeline for the sale, with an initial 90-day period and the possibility of 90-day extensions. If you have been granted full authority under the Independent Administration of Estates Act (IAEA), you may be able to sell the property without court approval, as long as all beneficiaries agree. 
Ready to Win with Walkability

Reach Out to a Probate Real Estate Expert

Navigating the probate process and selling a home in California can be a complex and daunting task. That’s why it’s highly recommended to work with an experienced probate real estate agent, such as the team at Josh V Realty in Los Angeles. 

They can provide you with the guidance and support you need to ensure the sale of your inherited property in Los Angeles complies with the state’s probate code and maximizes the value of the estate’s assets. Don’t hesitate to reach out to Josh V Realty today – you’ll be glad you did.