While many aspects of a probate sale may look similar to a non-probate sale, an executor or personal representative of an estate is well-advised to hire an experienced real estate agent with specialized knowledge, training, and experience with probate and the court process to represent them in selling a probate home.
Hiring an inexperienced agent with no knowledge or experience in probate could lead to a claim for a breach of fiduciary duty.
Hiring a certified probate real estate agent to sell a home is as important as hiring an attorney that specializes in probate to petition the court for probate.
Real estate agents have a fiduciary duty to their clients. Executors have a fiduciary duty to manage the estate with a high standard of care. An Executor selling probate property should consider if hiring an agent without probate experience will meet the high standard of care test.
Once the experienced real estate agent gets hired to sell probate property, the agent will perform the following duties:
The probate process can feel daunting at times when dealing with real property and having a certified probate real estate specialist to help navigate through it all can make a major difference.
Nobody likes losing loved one. The loss of a family member is a hard thing to experience in any circumstance, but dealing with the legal hassles of wills and estates makes the grieving process even worse. A Certified Probate Real Estate Specialist (CPRES) designated agent has special training to deal with this very situation, and can help alleviate some of the difficulty of this unpleasant time.
MTI Education and US Probate Services manage the CPRES real estate designation. US Probate Services is an organization dedicated to providing consumer resources for conservatorship and estate settlements. CPRES real estate agents have completed an educational program focused on wills, estate estate settlements, conservatorship, and the legal and financial implications of wills and trusts. These are top agents with a specialty in the entire probate process as it relates to real estate.
A CPRES Realtor has both education and experience dealing with estate settlement, and they can take the burden of dealing with legal and property issues surrounding inheritance and trusts. Whether you plan to keep an inherited home or sell it to share the proceeds, a CPRES designated agent can help you with the title transfer or selling the property for the best possible price.
Some of the benefits of working with a Certified Probate Real Estate Specialist include:
Entering into a transaction for the purchase and sale of Florida probate property requires careful planning and preparation. Missed deadlines, delays or even premature closing dates can be highly stressful to all parties involved.
A well-qualified agent can make all the difference in your experience, so please let me know how I can help!
If you are dealing with real property going through Florida probate, you should seek the help of a probate attorney and an experienced Realtor® who understands the probate process and its nuances. Before you list a probate property, make sure that the Realtor® that you have chosen to work with understands the probate process, and is familiar with not only the process but also with the specific documentation, verbiage, and time frame requirements.
Please contact me if I can be of assistance. As a certified probate real estate specialist, I am here to make the probate process with your real property as simple as possible.
Serving Northeast Flordida including:
Probate Courts: Links and Resources