10 Tips for Executors Tasked With a Difficult Job: Selling the House

After a loved one passes away, the family often has a long list of things to figure out, and the house can be one of the biggest pieces of the puzzle. If you’re the executor, you may be juggling paperwork, keeping the property in good shape, and trying to follow all the rules that come with probate. Sooner or later, the big question comes up: how does an executor sell a house?

It can feel overwhelming at first, but the process is easier to manage when you break it down into clear steps. Here’s what you need to know to get the property sold and keep the estate moving forward.

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Top-performing agents sell homes faster and for more money than average agents. When selling a house in probate, maximizing the home sale can best serve the estate’s interests.

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1. File the will with the probate court

In most states, probate laws dictate that the decedent’s will must be filed with the probate court within one to four months of the date of death. If you don’t file within the period mandated by your state, you violate the law, and the court may refuse to appoint you as the estate executor.

That’s why all executors should file the will with the probate court within the state’s time frame, regardless of whether the estate will need to go through probate.

Let’s say you don’t file the will because you believe the estate is too small to require probate. Then, months later, you discover that appreciating assets, like the house, have increased the estate’s value, so it now requires probate.

If you didn’t file the will with the court by the state-dictated timeline, then you’ve created a bunch of legal headaches for yourself.



from HomeLight Blog https://www.homelight.com/blog/how-does-an-executor-sell-a-house/

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