Here’s a simple overview of what happens when your probate or trust property goes on the market.
1. Attorney and Seller Approve the Details
The attorney and the seller (executor or trustee) must first approve:
- The listing agreement
- Property information and disclosures
- Any instructions or limitations related to the sale
The property is then ready to be listed.
2. The Home Is Listed on the MLS
The home is posted on the Multiple Listing Service (MLS), making it visible to all agents and buyers.
3. Minimum Two Weeks on the Market (Probate Sales)
Probate sales are listed as-is with no buyer contingencies. This is because the estate is an exempt seller – meaning they aren’t required to make repairs or negotiate after inspections. The estate’s job is simply to sell the property in its current condition.
Because of this, probate sales are required to stay on the market for a minimum of two weeks. This gives buyers enough time to evaluate the property before making an offer.
4. Buyers Conduct Their Own Investigations (Probate Sales)
Buyers use this two-week period to:
- See the property in person
- Review disclosures and documents
- Assess the home’s condition
- Decide whether the property is right for them
After two weeks, buyers have had an equal chance to understand the home and confidently put their best offer forward.
5. What the Weekly Updates Include
Each week, we send a summary to the attorney and the seller of all activity on the property, including:
- Number of showings
- Lockbox activity (if a lockbox is used)
- Phone and email inquiries
- How the property is being advertised
- General market response
6. Additional Approved Recipients
If you (the executor or trustee) want someone else to receive these updates—such as a beneficiary or family member—we’ll include them as well. We just need your approval first.
7. Communication is Key
Regular updates from us will keep you informed and at ease throughout the sale.
