You Shouldn’t Hire a Broker Who Has Minimal (Or Worse!) No Experience in This Space.
An Executor Should Understand That There are Two Types of Probates
This is going to be more time consuming and complicated as it requires a court appraisal and a court sale approval.
An informal probate is typically less complicated and resembles a regular transaction as it does not require court confirmation. Being the most common type in Colorado, you are typically able to sell the property once you have been assigned as the Personal Representative.
List your property with a broker with a full range of services. There are many time-consuming tasks and preparing the property for sale is only one component. Many find that going through their loved one’s possessions may be the more difficult task to complete. Depending on the situation, we can help with a list of contractors/handymen, house cleaners, estate sale specialists, or other professionals who may prove helpful as you move through the process.
The Estate should not be responsible to comply with Colorado’s Real Property Transfer Disclosure law by filling out a Seller’s Property Disclosure. This does not preclude any of the other parties (executors/administrators/brokers) from their obligation to disclose known material defects to buyers.
In a probate sale the property will typically be offered strictly “As Is” without representation, warranty, or covenant of any kind, implied or expressed. The Estate is not liable as to the condition of property or its maintenance.
The Estate should not be obligated to inspect the property or provide any reports (inspection/structural/contractor) and the buyer presents their offer based on their own due diligence and shall not rely on any representation of the seller or seller’s broker.