What do you do when your next listing is in an estate? And what does that mean for title?
While selling a property held in an estate is slightly different from your traditional sale, it doesn’t have to be difficult! The best way to sell this kind of property is to be prepared.
When an owner of a home passes away, typically, that home goes into the individual’s estate. The first thing we do is verify the Personal Representative of the Estate by using the Maryland Registers website.
Once we know who the PR is, Advantage Title will request some documents, so it is important to let the Personal Representative listing the house know upfront that we are going to need the following items:
- Death Certificate
- Letters of Administration from the PR
- EIN # for Estate
From there, everything proceeds as normal. When selling an estate property, you’ll want to have the seller on the contract of sale as “The Estate of *Name of Deceased.*” You’ll also want to make sure that the Personal Representative is signing as “*PR Name* as the Personal Representative.”