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Probate is the legal process of settling a deceased person's estate, including distributing assets under court supervision.
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Yes, a house can be sold during probate, but it typically requires court approval and must follow specific legal procedures.
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Only designated individuals can sell a probate property, including:
The executor named in the will and recognized by the court
An administrator appointed by the court if there is no will
The probate court itself in certain instances
Heirs, after the probate process is completed
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The process can vary, but a formal probate sale often takes six months or longer. Some states require the process to be completed within 18 months.
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Appointing an executor or administrator
Getting the property appraised
Petitioning the court for permission to sell
Listing the property for sale
Reviewing offers
Obtaining court confirmation of the sale
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Not always. In some cases, if the will specifies that the executor has the authority to deal with the property, court approval may not be necessary. However, this can vary by state.
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An appraisal is typically required to determine the property's value. The probate court often requires that the sale price reaches at least 90% of the appraised amount.
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Buyers should be aware that the sale is subject to court approval and that there may be a longer timeline compared to traditional real estate transactions.
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In some specific scenarios, such as when the house title has a joint tenancy clause with a surviving spouse, the property may not need to go through probate before being sold.