Selling Probate

Selling a home in Los Angeles is not going to be as easy as it was a few years ago, but realtors are not saying that we are in a buyer’s market either. A real estate broker in Los Angeles is needed more than ever to ensure that you make the right decisions for selling your probate property. Two months ago, the United States had $700 billion in unsold homes. These conditions and the fact that it is more difficult to sell probate property means that it is in your best interest to obtain a probate real estate agent in Los Angeles.

By hiring a probate real estate agent in Los Angeles, you will learn the complexities of probate sales law. This will help you understand the process of selling real estate during probate and is necessary to successfully sell your probate real estate in the current market.

Hire a Real Estate Broker You Can Trust

Michael Millea is a real estate broker in Los Angeles with years of experience selling real estate properties that are difficult to sell. He has been doing this for 25 years and has experience as a State Attorney and LA trust real estate broker. He has worked in the Torrance, South Bay, and Greater Los Angeles areas, where he gained several years of experience in obtaining the best prices for his clients. Email us now for additional information if you and other beneficiaries are interested in selling residential, investment, or commercial properties in probate. Mike Millea’s expertise is in real estate law and probate law, and his past successes demonstrate that this is the truth.

Two Ways to Sell Probate Real Estate

A trusted real estate agent will sell your property in one of two ways. The first is with a trustee, and the second is without the trustee. If you choose to use a trustee, the trustee sells the property and places the funds from the sale into a trust. The probate sale will not be able to close unless the buyer, beneficiary, and the trustee negotiate and agree on the terms.

You will have the option of selling probate real estate without a trustee if nothing exists that can prevent the title from being transferred into the beneficiary’s hands. All that a trustee will need to do is transfer the title to the beneficiary, and the beneficiary will be the new owner of the property. The beneficiary can then hire a trust real estate broker to sell it.

Going to Probate Court

Probate is a legal process that a decedent leaves for the distribution of his or her assets. It begins with the court determining whether or not the will is valid. Next, the court will pay the decedent’s remaining expenses. If a claim is disputed, the parties must go to court so that the judge can decide on this matter. After the liabilities have been paid, the assets that remain can be distributed to the beneficiaries.

Mike Millea is a probate real estate agent in Los Angeles who will help ensure that you receive the most money for your probate real estate. This will be the case even if we are in a market that cannot be described as a “seller’s market.” Call us at (310) 880-6634 or (310) 939-9356, or visit our website for more information about the process of selling probate real estate.