Selling an Inherited Estate – Part II:
There comes a time in many of our lives when we need to help with a parent’s estate. Selling an inherited estate can come with a lot of emotions as well as guilt. This blog is written to help you sort out and plan so that the sale goes as well as possible. I am not a lawyer and cannot give legal advice, but I’m more than happy to introduce you to those professionals. A real estate professional experienced in estate sales can help you ask the right questions and connect you with title/escrow and legal professionals that can help make the process easier for you.
The top four professionals you need to contact are:
1. Your real estate attorney
If your parents had done some prior planning with an estate attorney then you are ahead of the game. Contact this person first. If there is no will or trust in place, it is a good idea contact a reputable attorney.
2. Insurance agent
Make sure the homeowner’s insurance is current and adequate for the property.
3. Title and escrow company
Establish a relationship with a reputable title company. Are there liens and judgments on the property? Advance planning at this stage can help make the process much smoother.
4. Your real estate professional
Creating a relationship with an experienced, caring Realtor can help you tailor a plan that connects you with all the necessary parties, and will ensure a seamless transaction.