The Buyer wants to buy the property if it meets his conditions. He has time to inspect, reflect, and continue to comparison shop. Further, in the event of a lawsuit, a Buyer may file a lis pendens against the property, freezing the Seller's ability to sell or refinance. This Guide outlines legal ramifications of buying and selling real estate. For tax information, see our Home Owner's Tax Guide.
Buyers try to negotiate the savings away.
An Executor is appointed by the Probate Court to act as manager. If the Executor has Full Powers under the Independent Administration of Estates Act, with consent of all interested heirs he may sell without Court confirmation or auction. Without Court confirmation we believe that sales prices are higher and the transaction is much easier and faster for everyone involved. For more information cluck here for Probate Brochure.