Navigating Property Sale Within Conservatorship

The Kaur Gray Group understands the complexity involved in deciding to sell a conservatee's property. This decision might become necessary to cover the conservatee's medical expenses or facilitate their move to an assisted living facility.

Court approval is mandatory before proceeding with the sale, a process that often takes time. Once sanctioned by the court, the subsequent step involves engaging a real estate agent capable of guiding through the listing, marketing, and eventual sale of the property.

All real estate within a conservatorship follows the probate process and mandates court confirmation. Thus, finding an agent well-versed in probate proceedings is crucial.

The two key objectives are maximizing the property’s sale value and safeguarding the conservatee from potential liabilities. Once the listing price is determined, the agent initiates marketing efforts by placing "For Sale" signs, running advertising campaigns, and arranging open houses.

The agent's reputation and experience significantly influence the property's exposure. Established agents with a broad network in the industry garner more attention for your property through word-of-mouth referrals.

Upon accepting an offer, the conservatorship's attorney moves to schedule a court date for sale confirmation. In such sales, other potential buyers have the opportunity to bid higher at the court hearing, ensuring the highest possible amount for the conservatee's property.

The winning bidder presents a cashier's check to the conservator, and escrow is initiated. Escrow typically closes within 30 to 45 days from the court hearing date.