A probate sale occurs when a property is sold through probate court because the owner passed away without a will or specifying how their property should be distributed. The court oversees the process to make sure the property is sold for the best price. Laws governing probate sales vary by state, so working with a broker experienced in local probate procedures is crucial. Ann Marie is a Certified Probate and Trust Specialist with experience in hundreds of probate transactions.
Requires attorney involvement and court approval at every stage.
An appraisal sets the minimum listing price.
The property must sell for at least 90% of the appraised value.
After an offer is accepted, the court schedules a confirmation hearing.
The property continues to be advertised until the hearing, allowing other buyers to bid.
The court confirms the final buyer after an overbidding process, if applicable.
Permitted under the Independent Administration of Estates Act (IAEA).
Requires fewer restrictions and no attorney involvement.
Applies to properties held in joint tenancy, community property with survivorship, or a living trust.
Probate sales involve unique contracts, forms, and disclosures. California Probate Code outlines specific instructions for all parties involved. The goal is to maximize benefits for heirs while protecting the decedent’s interests. Ann Marie’s expertise means that all steps are handled correctly, making the process smoother for everyone involved.
Ann Marie is one of California’s leading Certified Probate and Trust Specialist. Her proven track record speaks for itself as she is a trusted resource for attorneys, judges, and families dealing with probate and the court system.
Highlights of Ann Marie’s achievements are:
Ann Marie specializes in helping clients with luxury, investment, and/or distressed properties, offering fast and reliable services across Los Angeles, Ventura, Orange, and San Diego Counties. Contact her today to discuss your situation and prepare your property for sale.