All probate assets are appraised by a Court appointed appraiser. The law imposes certain restrictions on the sale of assets for less than their appraised value. All personal property is sold at auction by open bid to the highest bidder. Securities are sold without notice. All real property is sold only after notice of sale and confirmation by the Court.
Real property is sold onsite and sales are confirmed in court.
After confirmation, a 60 day escrow is opened. The buyer must close in 60 days. Yes, at open bid for personal and real property. All sales of property to the Public Administrator, his deputies or employees of the Treasurer and Tax Collector are forbidden by law.