Estate Sale Service
An estate sale is a unique type of real estate transaction that requires extra attention to detail.
As the executor or administrator of the estate, you need not only advice about a market that you may know little about, but also a steady hand and calm disposition. This is often a sombre time and during the grieving process you now have a daunting new set of responsibilities, sometimes trying to do it from afar – all while your existing responsibilities continue unabated.
Let the North Shore Real Estate Team guide you through the complex and often lengthy process of obtaining probate letters, preparing the property for listing, and maintaining the property in the meantime. As an executor or administrator you will be happy to have the North Shore Real Estate Team on your side to ensure the beneficiaries receive the maximum attainable distributions at the earliest opportunity with as little hassle as possible.
Team members are Certified Executor Advisors, as accredited by the Canadian Institute of Certified Executor Advisors (CICEA), Senior's Real Estate Sepcialists (SRES), as accredited by the National Association of Realtors and have conducted hundreds of transactions of precisely this challenging type.
If your departed loved ones owned their property in North or West Vancouver, the North Shore Real Estate Team are the experts to call to help you in closing out their estate.
The first and most important step is to apply for probate of a will. This involves the filling out of numerous forms, collecting specific documents or fulfilling other tasks if anything required is missing.
Notifying all living beneficiaries and collecting their information. Informing them of the process and what is required. Communicating with each beneficiary is key to a harmonious process.
Taking control of all accounts and assets, registration of vehicles, canceling subscriptions and credit cards.
Paying any outstanding debts.
Filing taxes and closing out accounts with the CRA.
Continuing the maintenance of the property including payment of utility bills, landscaping, servicing of appliances, etc.
Cataloguing and valuing any belongings before selling.
Performing any needed upgrades or safety improvements and preparing the home for marketing.
Entertaining offers from prospective buyers, negotiating a sale price and completing the sale with necessary conditions included and approvals from all beneficiaries.
Dispersing proceeds of the sale, minus any expenses upon completion.
Thinking of purchasing an estate sale property? For the purchaser in the right situation, this can be an ideal opportunity to obtain a property that has the physical attributes you desire, but for a lower purchase price than is often available with traditional sales. (read more...)
Get in touch with us today for help with your Estate Sale.
