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What Probate Executors Often Overlook When Selling a Home
“Insights that move estates forward”
Selling a loved one’s home during probate can feel overwhelming. Many executors think the process is simple—but small mistakes can cost time, money, and peace of mind.
Here’s what most probate executors overlook:
1. Getting the Right Valuation
Relying on online estimates or old tax records? That can backfire. Pricing too low leaves money on the table; pricing too high delays the sale.
Pro tip: Always get a professional broker price opinion (BPO) or appraisal to set the right foundation.
2. Accounting for Repairs and Updates
Deferred maintenance can scare buyers and attract low-ball offers. Even minor updates—fresh paint, clean landscaping, or decluttering—can boost the home’s appeal and value.
3. Ignoring Legal and Title Issues
Probate sales aren’t like typical sales. Unpaid liens, title complications, or multiple heirs can derail a deal.
Pro tip: Work with a probate-savvy broker and title company early to resolve issues before listing.
4. Overlooking Holding Costs
Every month a home sits unsold adds insurance, utilities, and taxes to the estate’s burden. A clear marketing strategy and timeline save money and stress.
5. Choosing the Wrong Buyer
The highest offer isn’t always the best. Executors must consider buyer reliability, financing strength, and the likelihood of closing.
Pro tip: Prioritize serious buyers—investors, pre-approved buyers, or those with experience in probate transactions.
Act Today
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Final Insights
Being an executor is a heavy responsibility. Avoiding these common mistakes—valuation, repairs, legal hurdles, holding costs, and buyer selection—protects the estate’s value and honors your loved one’s legacy.
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