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What is a probate?Probate is the process completed when a decedent leaves assets to distribute, such as bank accounts, real estate, and financial investments. Probate is the general administration of a deceased person's will or the estate of a deceased person without a will.
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Is a probate sale different from a traditional real estate transaction?Yes. In most real estate transactions, the seller is required to disclose information about the property, including defects, construction conducted without a permit, evidence of pest or water damage, etc. Because sellers of real property through probate, trust or conservatorship may never have lived in the property that’s being sold, special disclosure forms take this into account. Probate and trust sales require special disclosures, listing agreements and purchase contracts. In California, the California Association of Realtors has standardized forms specifically for probate transactions.
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Are there upfront costs for any marketing and advertising costs?No, there are no advertising or marketing up-front fees when working with The Doorway Realty.
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How long can the probate process take?The probate process Can take anywhere from 6 to 18 months.
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