Step 1: Figure out whether the house needs probate at all
Step 2: Know which
type of probate applies
- Summary administration is a shorter process available when the estate’s non-exempt assets are $75,000 or less, or when the person has been deceased for more than two years.
- Formal administration is the full process. The court appoints a personal representative and issues Letters of Administration. Creditors get a period to file claims, generally three months from the first publication of the notice to creditors, so formal probate commonly takes several months or longer.
Step 3: Who signs the sale?
Step 4: Decide how to sell
Estates usually choose between listing with an agent and selling directly to a buyer. Listing can bring a higher price for a house in good shape, but estate homes are often dated or in need of repair, and the estate keeps paying insurance, taxes and utilities while it sits. A direct cash sale lets you:
- Sign a contract while probate is still open and close once the personal representative has authority.
- Skip repairs, cleanouts and showings.
- Avoid commissions that come out of the heirs’ share.
Common questions
Can we sell before probate is done?
What if one heir wants to keep the house?