Real Estate and Death
- Author Claude Cross
- Published November 17, 2009
- Word count 536
Death and Real Estate.
Nothing is as final as an estate sale. Family members usually have opinions that get vetted in the process. A word to the wise; be succinct, be brief, use a gentle hand, and be prepared for the unexpected.
This can be unstable territory for the family, tensions can peak when it involves the sale of the family home. Pent-up rivalries boil to the surface during many of these sales. Family members are emotionally charged....prepare to tread softly. Not all estate sales are "Estates". Some are just homes that need a lot of work that have an inflated value placed by their heirs.
I know…it won’t happen in your family....well...stand by. Things tend to get a little freaky…no matter what the pre-resolve. You can set your watch to it.
Some helpful battle weary rules beyond the basics:
As the Realtor, follow real estate rules explicitly set forth in your state, and pay attention to every detail. Your involvement will be under a high level of scrutiny.
Follow the direction of the Executor(s) of the estate. They are the legal entity that calls the shots (not the bereaved cousin) and remember to use a gentle hand. And if the property is in probate, follow what the probate calls for explicitly.
Useful suggestions that I have employed in the past concern the contents of the property. What do you do with all the stuff inside? The seller (the executor) might need a little guidance from you.
This is not the standard moving checklist. This involves your suggestions on "tag" ladies, estate sale specialists, estate attorneys (if the executor is from out of state), and some basic insight from their Realtor as to what needs to be done in order for the home to to become Market Ready.
If an estate sale is needed, do not have the family box stuff up and put it in storage. Most storage places will not allow sales to the public at their locations. Let the estate sale manager do the sale at the house, then put the house on the market.
However, if there will not be an estate sale-and the property needs to be disposed of quickly-suggest to the executor to have the contents of the home be boxed up, labeled, and placed into storage... to be dealt with at a later date. Dispersal doesn’t need to be instantaneous and yanked on a beckon call.
Your communication needs to be discreet and only with the Executor(s) of the estate. You should be well versed in the rules of the state and the probate court. Consult with your local Estate Attorney if needed.
Keep in mind that those involved in this process (the death of a loved one) are somewhat exhausted. Press to have the property priced to sell...Don’t add angst by overpricing and under-delivering. It is better to get the property sold quickly as it helps to alleviate the stress on the family.
It's usually a difficult situation for the seller(s) and it is up to the Realtor to make it as easy and stress-free as possible. Be the Realtor(r) that makes the property sell.
Claude Cross is Broker/Owner of Homes By Cross. Serving Charlotte NC Real Estate needs since 1994. Offering No Cost Buyer Agency specializing in South Charlotte Homes for Sale.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- What to Expect When Moving to Tennessee
- Is a Farm in Tennessee the Life for Me?
- Searching for Homes in Lawrenceburg, TN: Why it’s a Great Place to Live
- 1031 Exchange
- I Was Weeks from Losing My Home — Here’s What I Wish I Knew About Foreclosure Rescue
- The Next Luxury Housing Train Stops in Thompson's Station Tennessee
- SolarWave Group Portugal: Vale do Sol
- Foreclosure Insight #2: How to Negotiate with Your Lender and Avoid Foreclosure
- Foreclosure Rescue: A Lifeline for Struggling Homeowners
- Exploring Homes for Sale in Columbia, TN
- Exploring New Homes for Sale in Tennessee
- Hickman County, Tennessee: The Undiscovered Country
- What is Brick and Mortar Tinting?
- Fast Instant Home Cash Offer—No Realtor Needed
- How to Find a Good House Extension Builder: A Homeowner’s Guide
- How to Choose the Best Real Estate Drone Videography Service in CA
- Top-Tier Real Estate Videography in NV: Boost Your Sales with Stunning Visuals
- Whu buy an apartment in Manilva
- How AI is Reshaping the Luxury Real Estate Industry
- Living In Harmony
- Luxury Cabin Homes: The Galactic Timber Reckoning Unleashes an Infinite Apocalypse.
- A Global Tour of Luxury Homes: The Pinnacle of Extravagance.
- Distinctive Roofing in Godalming - Tradition, Craftsmanship, and Modern Innovations
- Security And Anti-Theft Features Of WPC Door Frames
- HMR Waterfront: An Exceptional Real Estate Hub in Karachi
- How Technology Will Transform the Real Estate Industry in 2025
- Ras Al Khaimah Property: A Rising Investment Hub with Unmatched Potential
- Real Estate Online: Transforming How You Learn, Sell, and Succeed
- 5 Reasons Why You Need a Mobile Notary for Real Estate Closing
- Fresh Paint for a Fast Sale: Here's Why You Should Paint Before Listing