E328 Hire Lawyer or Broker First When Selling a Probate Property?

<p>Should you look for a broker or lawyer first when selling a probate property? With non-probate home sales, brokers are the first to list, set an open house, and find a great buyer. Lawyers only get involved once a buyer is in place and a deal is struck. The lawyer then drafts the contract and conducts the closing.</p> <p>But with probate, talking to a lawyer first makes more sense. Here’s why:</p> <h2>Talk to a probate lawyer first when selling a home</h2> <p><img class="aligncenter size-medium wp-image-44288" src= "https://anthonyspark.com/wp-content/uploads/2023/06/Talk-to-a-probate-lawyer-first-when-selling-a-home-300x169.jpg" alt="Talk to a probate lawyer first when selling a home" width= "300" height="169" /></p> <p>It’s important to talk with a probate lawyer, because you need to know who has the authority to sell the home. The lawyer can also tell you whether the estate needs to be probated. Not every estate needs probate: maybe the house is titled a certain way or it is held in a trust. Or, maybe you live in an area where the title company accepts “heirs at law” affidavits. These situations are best analyzed by a probate attorney.</p> <p>How long will it take to get started? How much will it cost? The answers to these questions will determine what type of broker you will work with.</p> <p>A probate attorney will walk you through the estate debts, taxes, etc. You may not want to go through the hassle of selling the probate property if there is only a small fraction of the estate left over after debts and taxes.</p> <p>There are some pre-steps that a probate lawyer (or a good broker) can help with:</p> <ol> <li>Hiring a title company to confirm who owns the property and check for major judgements or liens.</li> <li>Talking to co-op management and HOAs to see if there are any red flags.</li> </ol> <h2>When to speak with a broker first to sell probate property</h2> <p><img class="aligncenter size-medium wp-image-44289" src= "https://anthonyspark.com/wp-content/uploads/2023/06/When-to-speak-with-a-broker-fi