Just because a home is in probate doesn't mean you can't sell it. It just means there's gonna be steps to follow and involvement with the court. Briefly, here's some pointers:
Consider getting the house appraised by an independent certified appraisal.
Petition the court regarding the sale of the property by filling out the petition form available through the court. Wait for approval from the court.
Once you have approval, list your property for sale. As we always say in real estate: Disclose! Disclose!! Disclose!!! Inform buyers that the property is in probate and subject to confirmation from the court.
Advertise the property in local newspapers to support open bidding and to get the best price.
Attend the court hearing where the bidding unfolds. After the court confirms the bid, the purchase contract can be completed and the parties move towards closing.
The mechanics of the probate process are defined in law.
Specifically, in Nevada:
In summary, it's best to have an attorney to assist the estate executor or beneficiary. The probate process is overwhelming for the non-legally trained. The most important thing when facing a probate sale of real estate is to contact an experienced probate lawyer, saving time, money, and potential liability.
May 4, 2021, Updated May 23, 2022
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