Selling Conservatorship Property
With decades of experience in real estate, Michael Millea is here to help all those in and around Los Angeles, Torrance, Inglewood, Redondo Beach, and The South Bay, CA their real estate needs. Michael Millea offers expertise and knowledge amongst a broad range of fields, including that in selling conservatorship property. As one of five people with his skill set in the country, Mike can help you navigate the real estate and legal complexities in order to get you the best deal on the property you’ve been eyeing.
Below you’ll find more information about property held in a conservatorship, and what that means for purchases and sales.
What Is a Conservatorship?
A conservatorship is when a guardian is appointed by a judge to manage the daily life and financials of another person due to physical or mental disabilities or even old age. The conservator is the person who’s in charge of the daily activities while the conservatee needs assistance managing their property.
How Does the Process Work?
If you’re a conservator and attempting to sell property, the first thing you’ll have to do is obtain a court order. You’ll have to file a petition to sell the property and state why it’s in everyone’s best interests to do so. The court will then hold a hearing. If the court approves, you’ll be able to sell the property.
You’ll need to find a real estate agent that can help you with listing, marketing, and selling the property. All real estate that’s sold under a conservatorship has to be sold through the probate process and also requires court confirmation, which makes it vital to find a trusted, experienced, and knowledgeable agent. Your agent will also have to work to get the best offer possible for the property.
After your agent finds the best deal and the offer is accepted, the attorney for the conservatorship will apply for a court date in order to confirm the sale. It’s important to note that in conservatorship sales, other potential buyers are allowed to appear in court and have the opportunity to outbid the previous best offer. This is a way to help make sure that the conservator has gotten the best offer available. Getting extra buyers to come in on the hearing date is also a great way to ensure that you’re going to get the best price possible for your property.
Contact Your Los Angeles Real Estate Agent Today!
If you’re looking for an experienced real estate agent that knows all the ins and outs about getting good deals on conservatorship properties, please don’t hesitate to give Michael Millea a call at (310) 939-9356 and we can get started with helping you sell conservatorship property. If you have any questions, feel free to contact us and let us know. We hope to hear from you soon!