There are many differences between a probate sale and a traditional property sale. When selecting an agent, it is imperative that you ask pertinent questions regarding the probate or trust process. When you interview real estate lawyers, you should consider the level of experience and specialization they possess. Find out more at ascentlawfirm.com.
Probate Lawyers should consider the following items during their interview.
Do You Put Real Estate In A Trust Or Go Through Probate When Selling It?
It is possible that an informal “yes” will be given, but further details must be inquired about. Does the person appear in court on behalf of the estate? Does the individual handle many probate or trust matters as part of the business he or she does?
Your Business Includes Selling Probate And Trust Properties. How Did You Start?
Real estate agents with experience with probate and trust sales are essential when it comes to probate and trust sales. It is imperative that a competent agent also be knowledgeable of special disclosures and the Probate Code so that the sale can be processed efficiently and accurately.
It is also important that an agent has a good history of negotiating skills, which he or she will employ on your behalf. A good way to improve communications between parties is to assign agents to explain processes in “plain English.”
Transactions Involving Real Estate Are Usually Different From Probate And Trusts.
Disclosures, listing agreements, and marketing strategies are specific to probate and trust real estate.
Ensure that your agent has good relationships with probate professionals, such as court employees, attorneys, and paralegals, as well as being knowledgeable about court procedures.
Do You Stand Out From Other People In Any Way That Is Unique To You?
In an assertive manner, an agent will have details about the services they offer, relevant experience they have, and the unique skills they possess. In negotiations, an attorney who can’t think of anything unique about themselves will lack confidence. You should search for an agent with a strong customer history, great communication skills, and diverse marketing abilities, as well as excellent support. Know how the agent responds when you ask a question. Make a note of how thoroughly and clearly the agent answers your question. You can trust your agent to handle all aspects of the transaction with that level of expertise.
Would You Be Able To Provide References?
You should be able to get references from professionals, including doctors, lawyers, and babysitters. Asking for references from different sources is important if you are considering hiring a real estate agent. It is important to ask for references from the agent if the agent claims to specialize in probate sales. Unless they have references for properties of this type, it is likely they have never sold one. Check the references of the probate sale agent you are considering and ask for them.
Can You Tell Me About The Marketing Strategies You Use For Trusts And Probate Properties?
This type of sale is completely different than a traditional one, so a real estate agent still needs to use aggressive marketing tactics. For similar estate or trust properties the agent has handled in the past, ask for examples of marketing samples. Occasionally, properties are found in areas other than where the seller and agent are located. You should ask your agent how such a situation will be handled in terms of marketing.
Will I Be Required To Sign Any Documents?
It is imperative that probate and trust lawyers have access to the most recent disclosure documents and contract documents related to real estate transactions. All of these documents should be accessible to you, and they should be explained to you clearly. Probate property agents often work with trustees, accountants, lawyers, trustees, and administrators to discuss the financial and legal aspects of a sale. As a result, it is very important that they make everything clear to you.
You will save yourself time, money, and frustration by posing these pointed questions to yourself. You need both the right people and the right tools to sell real estate in probate and trust. You should be able to work with your real estate agent throughout the entire process of buying or selling real estate.
Our goal is to make sure you receive complete and comprehensive answers to all your questions as a Member of The Sanborn Team. Whether you’re buying or selling a home, we’re here to help.