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PROBATE/TRUST REAL ESTATE SERVICES
Bringing the Estate Top Financial Gain & Peace of Mind

Probate Services

Probate Sale Services

Complimentary services dedicated to unlocking value for you and the estate.

The team is well versed in the vernacular and intricacies of Probate, Trust and……. With previous backgrounds as attorneys ourselves,
we have an innate ability to anticipate, simplify and execute purchase or sale transactions and the legal acumen to boot, in working
with Probate Practioners, Fiduciaries, Executors, Court-Appointed.

Equity Enhancement
Program

All to often, real property sold during probate is sold in fair to poor condition, typically “leaving money on the table” where the estate could have netted more from the sale. In creating a win-win scenario for our

clients, we offer a solution (“Equity Enhancement Program”) where the estate can realize more money from the sale without having to invest any money out of pocket. In short, The CREM Group will facilitate (and pay for) repairs and improvements to the property in order to attain a higher sales price. All enhancement funds are fronted, interest-free to the estate with all renovation work managed from bid to completion; a win-win for the estate.

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10 Point
Marketing Strategy

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commodo consequat duis auteirure dolor.

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Bespoke Staging
& Design

First impressions are everything for buyers. Utilizing furniture that accentuates the warmth and flow of your home can mean all the difference.

Our preferred vendors will coordinate and execute a custom furniture package to meet your needs and budget.

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Property Inventory
& Hauling

Another major responsibly that typically falls on an administrator or executor of an estate is sorting through items left in the decedent’s real property. We work with trusted vendors who specialize in these types of tasks and we will happily facilitate such work

for the administrator or executor.You can always feel free to lean on us and our experience to help you administer the estate.

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In-House Eviction
Counseling

As both Attorneys and Realtors, we have the unique ability to handle evictions and other legal matters related to your property directly as an ancillary service to selling your property. This service translates to equitable value to the

estate by cutting the need to hire outside counsel.

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Comprehensive
Property Oversight

Being an administrator or executor of an estate can be an extremely demanding responsibility. We absolutely acknowledge that fact and to help, we offer (included in our representation) comprehensive property oversight assistance to our clients.

This includes help in setting up utility accounts, facilitating and overseeing vendors (landscapers, handymen, painters, cleaners, contractors, appraisers, etc.), and just about anything else that is involved in a typical property owner’s duties.

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Probated Property - The Process

An overview of what to expect while selling real estate during probate.

Having questions? Contact Us
Probate Process Overview
Probate Real Estate Sale Overview
PHASE

#1

Appointment
Phase
Months 1-2
Start
File Petition for Probate
Notice of 1st Court hearing date published in newspaper.
5-6 Weeks
Hearing Date
2 Months
Letters Issued By Court Order for Probate Duties & Liabilities Issue Bond
PHASE

#2

Administrative
Phase
Months 2-9
Gather assets
File Inventory & appraisal form
Notice to creditors
Allowance/rejection of creditors claim
Months 3-6
Full Authority Sale (IAEA) - Interview qualified probate agent/broker - Determine list price (no comma) - Execute listing agreement - Market the property - Execute probate purchase agreement (acceptance of offer) - Distribute Notice of Proposed Action - 15 days - Open Estate Bank Account - Close Escrow
Months 6-12
Limited Authority Sale (IAEA) - Interview qualified probate agent/broker - Determine list price (according to 90% Rule) - Execute listing agreement - Market property - Notice of Sale - Execute probate purchase agreement (acceptance) - Report of sale & petition for Order Confirming Sale - Notice to buyer, beneficiaries, interested parties - Court hearing and over-bidding process (10% min. overbid deposit) - Court order - Close escrow
PHASE

#3

Close
Phase
Months 9-12
9 Months
Petition for Final Distribution
10 Months
Court Hearing
1 Year
Receipt on distribution

CASE CLOSED

Full vs. Limited Authority - The Difference

After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
Market Property
Probate Purchase Agreement
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5
After the listing agreement is executed, the listing agent should undertake a marketing plan tailored to the property, area, market conditions, and prospective buyers. The Purchase Agreement should be submitted via Probate Purchase Agreement (Standard Form PPA). Typically occurs betwen month #3-5

Probate Practioner Partners

Trusted Partners Bringing the Utmost Value and Experience to Your Estate

Financing Partners

JASON COPE

Loan Consultant

Financing Partners

HANS STONE

First Choice Loan Services / Branch Manager

Financing Partners

Douglas M. Smaldino

CPA | President / Mortgage Loan Officer

Testimonials

  • “Attorney’s themselves, The CREM team had the process dialed. After an unexpected family loss, we were in no condition to handle such a complicated transaction. From the very beginning, they laid out the process of the sale, their strategies to get it sold for the highest price and executed each phase just as discussed. Professionalism at it’s finest.

    Frankie C.

  • “Attorney’s themselves, The CREM team had the process dialed. After an unexpected family loss, we were in no condition to handle such a complicated transaction. From the very beginning, they laid out the process of the sale, their strategies to get it sold for the highest price and executed each phase just as discussed. Professionalism at it’s finest.

    Frankie C.

  • “Attorney’s themselves, The CREM team had the process dialed. After an unexpected family loss, we were in no condition to handle such a complicated transaction. From the very beginning, they laid out the process of the sale, their strategies to get it sold for the highest price and executed each phase just as discussed. Professionalism at it’s finest.

    Frankie C.

Property in Probate?

Get in touch with one of our probate specialist today.