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Home Selling in Condit : Real Estate Advice

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John Souerbry, Real Estate Pro in Fairfield, CA
Fri Jan 25, 2013
John Souerbry answered:
If the property is held in an estate in probate and there are beneficieries other than yourself, I highly recommend you skip talking with an agent at this point and get an appraisal from a licensed appraiser. If the property turns out to be worth more that $2M, perhaps a couple appraisals (we have a business property in downtown Lafayette and I'm surprised how well its held its value). If you are the executor of an estate you have a requirement to to show a realistic value in the IRS Form 706 filing and to receive the highest possible price when you sell. Check with your attorney to see if the Probate Referree has set a value, but still get an appraisal before you start working with an agent. ... more
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