Estate Sale & Probate
Estate Sale:
In an estate sale, a deceased person usually leaves a will. The will states who the executor and the beneficiaries are of the estate. As the executor, it is your responsibility to make decisions (ex. selling the real estate). The executor is the one who can sign the paperwork. The beneficiaries get the money from the sale of the assets, depending on the percentages left in the will; that’s how the family knows how much each beneficiary is supposed to get. In NYC every estate sale goes through the court system and is reviewed by a judge to make sure the property is being sold at fair market value.
In an estate sale, a deceased person usually leaves a will. The will states who the executor and the beneficiaries are of the estate. As the executor, it is your responsibility to make decisions (ex. selling the real estate). The executor is the one who can sign the paperwork. The beneficiaries get the money from the sale of the assets, depending on the percentages left in the will; that’s how the family knows how much each beneficiary is supposed to get. In NYC every estate sale goes through the court system and is reviewed by a judge to make sure the property is being sold at fair market value.
Probate Sale:
A probate sale occurs when a person dies intestate without bequeathing their property, the sale is usually carried by the probate court. In this case, the court comes into the picture and takes over the property’s sale. The court makes sure the property is sold at the best price possible hence they market it in the best way possible.
A probate sale occurs when a person dies intestate without bequeathing their property, the sale is usually carried by the probate court. In this case, the court comes into the picture and takes over the property’s sale. The court makes sure the property is sold at the best price possible hence they market it in the best way possible.
If you are looking to sell your house fast and easily give Homefits a call on 917.410.4459 Toll Free: 855.522.1065.