SELLING A DECEASED ESTATE HOUSE

There comes a time when families have to face selling their deceased parents’ family home or bach. Ownership may be in a Family Trust or be in the name of siblings tasked with representing the family's best interests. 

Siblings often living in different locations have differing opinions on what real estate agency to use, what the property is worth, whether to get a property valuation, when to sell and how to avoid exhorbitant real estate commission and fees. All crucial decisions.

Getting independent, objective advice can smooth the way for executors and families involved. For example, what to look for in a real estate appraisal (and what to avoid).


Find out what real estate commission fees cost - an overview.


We have had the privilege of guiding families through the process of selling deceased estates for over 11 years - all at no cost and hope you find this helps.


FINDING THE RIGHT REAL ESTATE AGENT

Firstly, we can assist you with finding a suitable real estate agent who has been vetted, has integrity and been proven competent. Someone who is above average and who can sell the home for a prime price. We never underestimate the personal attributes that go hand in hand with this.

Vetting real estate agents using a stringent criteria has proven to be the most thorough way to establish competence. It can also take a lot of pressure off families when done objectively and professionally for them.

This is tailored to locations, property types and values. For example, selling a deceased estate property in Auckland, you may want to know more about whether the property is zoned for development in the Unitary Plan and what impact that could have.

These are all matters we can advise you about so you can do your due diligence in an efficient, streamlined and thorough manner.


“Being a deceased estate, the real estate process was stressful enough without  'pushy' real estate agents approaching us …  having a professional, unbiased selection of three vetted real estate agents was a brilliant place to start.” Gay | North Shore

Request a shortlist of real estate agents to compare or start a live chat - we're here to help.


TIPS FOR SELLING A DECEASED ESTATE PROPERTY

  • Don’t market the home as a 'deceased estate'. Far better to pick out its most attractive features and highlight those as you would for any other property.
  • Do home stage the house to appeal to younger buyers, either by hiring professionals or doing it yourself. This is one of the cheapest yet most effective ways to sell a house for a prime price quickly. 
  • Understand what to look out for and be aware of in regard to real estate appraisals. You can use our real estate agent questionnaire to guide you through interviews with property agents.
  • Compare real estate agents objectively and understand how much real estate commission you will pay before signing an agency agreement.
  • Once you have chosen your real estate agent, talk to your lawyer before signing an agency agreement as being a deceased estate, there may be special clauses required.

Find out how much it costs to sell a house or send enquiry now.


Agent Finder NZ is a genuine, bespoke and free service for New Zealand vendors. 

Article updated January 9, 2022 | Trish Willis | Member of Property Institute of NZ (IPAC)
Awarded Best Property Advice Hub - APAC New Zealand 2021
Make Enquiry › Related Entries Posted in:  real estate fees and commission real estate appraisal selling tips & advice 

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