What is "Probate"
Probate, according to Wikipedia.com, is the judicial process whereby a will is “proved” in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is settled according to the laws of intestacy in the state of residence [or real property] of the deceased at time of death in the absence of a legal will.
The granting of probate is the first step in the legal process of administering the estate of a deceased person, resolving all claims and distributing the deceased person’s property under a will. A probate court decides the legal validity of a testator’s (deceased person’s) will and grants its approval, also known as granting probate, to the executor. The probated will then becomes a legal instrument that may be enforced by the executor in the law courts if necessary. A probate also officially appoints the executor (or personal representative), generally named in the will, as having legal power to dispose of the testator’s assets in the manner specified in the testator’s will. However, through the probate process, a will may be contested. (Source: https://en.wikipedia.org/wiki/Probate)
Related Article: Probate Sale
Wisely, Patiently and Effeciently
As a professional Realtor representing The Public Administrator of Contra Costa County for the past 16 years, Chuck Barberini Real Estate has brought an unrivaled level of expertise, value and intelligence to over 100 successful probate transactions.
Selling a piece of property that is in probate is complex and time-consuming and can come with a lot of pitfalls. With California probate proceedings ranging from eight months to as long as several years, often involving a number of people. This often includes lawyers, judges, family members, estate executors, conservators, appraisers, lenders, and more. A probate real estate specialists need to be well informed, flexible, patient, networked and excel in communications and people skills.
In fact, selling a property that is part of probate proceedings requires a level of expertise and knowledge about county laws, legal procedures and time frames, that most real estate agents do not have.