Of course, if there are many bidders, then it's highest and best.
If a probate sale is listed on the market, always ask the seller if there is an appraisal. If the probate referee has appraised it, then the listing agent knows the price, and he most likely will share the info if asked. Sometimes the listing may state the appraised value. The important thing for a buyer is that the court will accept 90% of the appraisal. Knowing the appraisal value is one way a buyer can save money.
Of course, if there are many bidders, then it's highest and best.
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AuthorErnest is an experienced agent with Better Homes & Gardens in Oakland CA. This is his specialized website for probates. Archives
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