Adding a property to the inventory Regina real estate while being titled an executor is no easy job.
Unfortunately, as an executor, the responsibilities are daunting, time consuming, emotionally draining, challenging AND persistent. One of the largest tasks an executor faces is the estate sale of the deceased’s home, especially if there are beneficiaries involved. The executor is tasked with the duty of selling the estate at a fair market value in a timely manner.
Here are 3 things you need to do right now if you are an executor dealing with a property in the Regina real estate market:
1. Property TLC:
Look into all things that you are responsible for that coincide with the house and take care of them as soon as possible. This includes but is not limited to:
- Security
- Lawn care
- Emptying the home of belongings
- Fire insurance
- Redirecting the mail
- Paying property taxes and/or
- Paying special condo assessments
This is an important first step as a home that is being sold as an estate sale will come with its own set of stigmas and difficulties, so make it as easy to sell as possible will be immensely helpful to you and your family.
2. Seek help:
If the deceased worked closely with an accountant or lawyer on their affairs, they could be of great assistance. An accountant or lawyer who worked with the deceased will understand details about the property and will and help you navigate your way through the processes of dealing with a probate and beneficiaries (if applicable).
If you are unable to connect with these professionals, hire a lawyer that is seasoned in real estate AND estate law who can help guide you through the motions.
A real estate professional who understands the complexity of an estate sale and the Regina real estate market can take a load off your back during this difficult time. The real estate professional will be able to assess the property and will be able to assist you in determining a fair market value to list at. A REALTOR® will be able to help prepare the house for sale and manage marketing the property, open houses and showings. Essentially, by seeking support from professional’s you allow yourself to only take hands on care of what is absolutely necessary.
3. Rest, rest, rest:
During this demanding time, it is important to take care of yourself and sit back and let the professionals do their magic in their given fields. Rest assured, they will be able to work together and get everything done that is needed to hopefully create as painless a process as possible.
Selling a home as a part of an estate requires you to be present, understand what’s happening and for you to pay attention to detail. Reaching out to the right people and working closely with the right experts can help you fulfil your obligations as an executor effectively during a challenging time.
Contact Me
If you want to chat about anything real estate related, give me a call at 306-552-7047 or fill out my online contact form!
Kelsey Smith Is Regina’s Choice
Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.