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Ep195 “BRING OUT YOUR DEAD!”
Manage episode 408215894 series 3564174
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Well…don’t really bring out your dead! But, today, we are talking about the dead, respectively of course! Today, on the podcast, we talk about what it means when you are the executor or executrix of an estate and you are tasked with settling the estate of someone who has passed. Additionally, we’ll discuss what buyers should take note of when buying an estate! TALKING POINTS (3-5):
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- Introduction
- What does it mean to settle the estate?
- What is an executor or executrix?
- What does a realtor need when listing a home that is an estate?
- How do the rules change for the seller disclosure when it comes to filling out one by an executor or executrix?
- What should buyers be aware of when purchasing an estate?
- PLEASE DON’T ASK ME IF THE DECEASED DIED IN THE HOME! I DON’T KNOW AND I DON’T ASK!
- ALSO, PLEASE DON’T ASK ME HOW LONG THE HOUSE HAS BEEN VACANT BECAUSE I DON’T KNOW THAT ANSWER EITHER!
- THIS IS NOT THE TIME TO WAIVE YOUR INSPECTIONS!
- What should executors/executrixes be aware of when selling an estate?
- Use an estate attorney!
- The proceeds will go to the estate, NOT YOU!
- There will be monies escrowed by the title company at closing for inheritance taxes, even if your attorney has already paid them.
- Final thoughts
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