A license to sell is necessary to actually sell a property if it is an estate sale.

Subject to License to sell is for an estate sale. The family members need to obtain a license to sell through the court systems. The purchase agreement must indicate this as one of the terms and conditions.

Hi Lyn,
The first two are correct. Most of the time, things are very close to being set up or the home would not be on the market yet. This is the reason for the 7 days.

Hi Lyn,
Scott hit it right on! There are steps that need to be taken legally before you can sell an estate property. Avoiding this step is one of the primary reasons for creating a trust for your property.

Usually it means it is an estate sale and they are waiting for the court to authorize the sale. they may have to approve probate, or approve the trustee of the estate. they could word it better though... hope this helps