What is an Estate Sale Property?
What's an estate sale? The sale of real property left by a person at his or her death. There are many Estate Sales that are currently on the MLS in the GTA and these properties must be sold. Often the executors don't have the time or inclination to put in the efforts to bring these properties up to general standards. Thus, the buyers tend to get these properties below market value and sometimes great opportunities present themselves in estate sales.
An estate auction can involve the sale of real property through an auction. Auctions are not a common option in the GTA.
A Real Estate estate sale is the sale of a property where the owner is deceased. An estate sale can also be a type of garage sale, yard sale or auction to dispose of the majority of the materials owned by a person who is deceased or will be moving. Estate sales are usually conducted by a professional, for a percentage of the revenues. This is because the scope of the process is usually overwhelming to the survivors, and for the specialist's experience with pricing antique items, his or her following of customers, and the specialist's experience in disposing of unsold goods in an unsentimental manner after the run of the sale. Antique and collectible dealers use estate sales as one of their more important wholesale sources. Estate sales are typically 1 to 3 days long, often with a price reduction toward the end.
Where the survivors of the deceased cannot agree to the disposition of tangible property, a court may order those goods to be sold in an estate sale with the proceeds to be divided between the survivors. This may also include the sale of the real estate on the MLS. The executors may also agree that the best method of selling the real property is through the MLS. Often executors are located a great distance from the real property and as such don't have the time or inclination to hold the property for long periods of time, they just want it sold! Such a sale and division may also be mandated in the will of the deceased.
Why Use a Professional Real Estate Agent when Selling your Estate Sale Property?
Holding an estate sale can often be an overwhelming experience. Professional Real Estate Agents like myself have experience in coordinating estate sales, taking the burden off of you or your loved ones. We can take care of all the details to ensure the sale of the property is a success. Read more details about selling your estate sale property. Request an evaluation of an estate sale property.
By submitting this form you are agreeing to these terms. By submitting this form you are also agreeing to sign up
to receive my newsletter. It could be worse! You
can always unsubscribe after you receive your first issue. Privacy
Policy You may read the latest issue of my On-Line
Real Estate Newsletter before you decide.
Yes, I agree to the above
I would have signed up anyway
Yes, I agree, but I would prefer not to sign up
| Agents
and Realtors beware | Power
of Sale Properties
|