Essential Questions to Ask a Realtor When Listing a Probate Property..

 

***Before you use just any Realtor.. including a family member, friend or neighbor… To prevent conflict, so you don’t burn bridges and also don’t have issues if you had to fire them.

 

ASK!!

 

1. Do you have experience with probate real estate?
   Why It Matters: Probate properties involve unique legal and procedural considerations. Ensure the realtor has experience handling such cases. It is a clear violation of Real Estate Ethics.

2. Are you a Certified Probate Specialist?
   Why It Matters: A Certified Probate Specialist has specialized training in handling probate, wills, and trusts, which can streamline the process and address specific issues that arise in probate transactions. (A violation of article 11 for a realtor)

3. What is your process for handling properties involving a Conservatorship? (if applicable)
   Why It Matters: Properties under conservatorship may have additional legal complexities. Confirm that the realtor knows how to manage these situations.

4. Do you know the difference between the Letters of Administration and the Letters of Authority?
   Why It Matters: These letters work differently and are required to manage and sell the property in a probate case. Ensure the realtor knows how to assist in obtaining or working with these documents. A property can’t be listed or sold until certain docs are in order from the court.

5. When does the final transfer of property typically take place?
   Why It Matters: Understanding the timeline helps in planning and managing expectations throughout the selling process.

6. What information do you, as an Agent, need when contacting a Lawyer about probate matters?
   Why It Matters: Clear communication with your lawyer is crucial. Knowing what information is required can facilitate smoother interactions and avoid delays. Attorneys won’t talk to a realtor without critical info.

7. Do you have a Probate Services Division?
   Why It Matters: A dedicated Probate Services Division indicates specialized support and resources tailored to probate transactions.

8. Can you provide a PCMA?
   Why It Matters: The Courts need an accurate comprehensive report.

9. Do you have the Probate Inventory Forms?
   Why It Matters: These forms are essential for documenting and managing the estate’s assets. Confirm that the realtor can assist with these requirements.

10. When can you list the Property on the Market?
    Why It Matters: Timing can be critical in probate cases. Understanding the timeline helps the Realtor in planning the sale effectively. Listing is not the same as selling and closing.

11. Can you explain where to find the Probate Laws in Florida?
    Why It Matters: Knowing the legal framework is essential for compliance. A knowledgeable realtor can guide you to the relevant resources or provide insights.

12. Have you prepared a CCA for Probate Properties before coming today?
    Why It Matters: A CCA on a probate property helps in setting an appropriate price and understanding potential repair needs.

13. Do you know how to handle an "Overbid" situation?
    Why It Matters: Understanding the overbidding process is crucial to ensure that you’re prepared to navigate these situations effectively. The courts are very strict in this area.

14. Are you aware of the buyer issues that can arise?
    Why It Matters: There are potential complications that can occur with buyers during probate sales, such as financing problems, buyer’s remorse, or misunderstandings about the process.

15. Can you explain the Real Estate Laws pertaining to Probate?
    Why It Matters: A thorough knowledge of probate real estate laws is essential to successfully manage and close probate sales.

Benefits of working with us or another Certified Probate Specialist:

• Expert Knowledge: Specialized training in probate law and processes ensures that all aspects of the sale are handled correctly and efficiently.

• Streamlined Process: Handling the complexities of probate with an experienced professional reduces the likelihood of delays and legal issues.

• Comprehensive Support: Access to specialized resources, forms, and market analysis tailored to probate real estate ensures that every step is managed effectively.

If you need further assistance or have any additional questions about listing a probate property, please do not hesitate to contact us. As a Certified Probate Specialist, we are equipped to provide the dedicated support you need throughout this process.

Thank you for considering our services. We look forward to the opportunity to assist you.

Best regards,
Leslie Wichman                               Michelle Hose
Certified Probate Specialist           Certified Probate Specialist  
EXP Realty llc                                   EXP Realty llc
leslie.wichman@exprealty.com      Michelle.hose@exprealty.com                             
     402-740-7895                                           410-241-0708
 

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