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Real Estate

The executrix has listed my mother’s house for sale but the asking price is too low. Doesn’t she have a responsibility to get the best possible price?

The executrix is responsible to retain the best possible net value of the estate, but price and value aren’t the same thing. Real estate transactions in estate situations are considerably different than regular transactions. She probably knows this and has listed the home at the right price to ensure a prompt sale, in order to avoid incurring long term sunk costs that could erode the overall value of the estate. To speak to a Realtor CEA, click here

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August 17th, 2022