Video: Important steps when selling a deceased estate

If you are the executor of a deceased estate that includes property, you will probably need to sell the property within a reasonable time frame. This sounds simple but can get complicated quickly. 

Over my years as a real estate agent, I’ve sold many properties as part of a deceased estate. I know what to do to make the property sale journey less stressful for you. 

In practical terms, you first need to apply for a Grant of Probate, a legal document that gives you the authority to dispose of any assets according to the Will. You have 6 months from the date of the deceased's death to apply for probate; outside of this time, an explanation must be provided to the court. 

When you decide to sell the property, you need to do all the usual things to prepare it for sale. You should get a free appraisal from a trusted real estate agent or, better, a full property valuation. A valuation will cost from $200 to $700 but protects you from disputes later. However, seek advice from your solicitor as well. 

If you are the executor of the will, it’s vital that you keep all beneficiaries informed of your progress at every step to ensure the process goes smoothly and to avoid any doubt about your handling of the estate. A good agent will be happy to keep all beneficiaries involved in the progress to ensure you are all receiving up-to-date information about the sale of a home. In a deceased estate sale, an auction is the preferred method as it’s completely transparent. 

When you need help selling a deceased estate, please give me a call. I’ve handled many of these properties and can help you navigate the process.