Most will relate an estate sale to someone passing on, that’s often incorrect. The estate sale definition is the process of liquidating assets. On many occasions it is referred to as a trustee sale, probate sale, tag sale or liquidation sale.
Reasons For Liquidation
Besides the loss of a family member, here are the most common reasons for holding a sale
The sale of probate property can be complicated, unless you have an experienced probate Realtor on your side. Hiring a Realtor who has extensive knowledge and experience with probate is important to a successful sale.
For example, when an administrator or executor is looking for an attorney to handle the probate process, they’re not going to hire a divorce attorney; they’re going to hire an estate attorney.