Before you sell
Gareth Morris · Calgary
Agreeing to be an executor and finding out what it involves are usually two separate moments, a long way apart. If you're somewhere between them, this is what the house part looks like.
Executors often call me and say two things: that they're the executor, and that they need help. Underneath that is usually something closer to I said yes to this, and I had no idea it would be this much work.
That's the normal way round. Nobody agrees to it knowing what's in it.
If my client — the executor — instructs me to, I keep the concerned parties up to date on where we are in the process and what the market is doing.
The family, the lawyer, and sometimes people you weren't expecting. Most of the difficulty in an estate sale is here rather than in the house.
Two things help. The first is one market report everyone can see, so the conversation happens around the same set of numbers instead of four different impressions of what the house is worth.
The second is a boundary, and it's worth saying plainly: once you engage me, you're my client. I'll be straight with everyone and I'll follow your instructions. Setting that out early — along with what everyone can expect and when — saves most of the trouble that shows up later.
In practice I'll be speaking with the estate's lawyer as often as with you.
Each estate sale can be different, with different interested parties. Sometimes negotiations begin long before the home is ready to be sold.
My role is to provide the information and guidance required for better decisions to be made. Experience has taught me that sometimes I should be in the conversation, and sometimes not.
The sale closes. Everyone is happy with the outcome, or at least accepting of it. And everyone involved has been heard, which is the part that's easy to skip and hard to repair.
Death brings up unresolved things, and they surface in unusual ways and at unhelpful moments. That isn't a failure of anybody's. It's just what this is, and it's better to expect it than to be surprised by it.
If you've been named executor and you're not sure where to start with selling a home, I'm here to help. Would you like to chat?
YesThis page provides general information about selling residential property in Alberta. It is not legal, tax, accounting, or financial advice, and it is not an appraisal or an opinion of value for any specific property. Real estate markets change, and the information on this page may not reflect current conditions or your particular circumstances. You should obtain advice from a qualified professional before making a decision.
Gareth Morris is a licensed real estate associate with RE/MAX First. Each office is independently owned and operated. This is not intended to solicit properties already listed for sale or buyers already under contract with another brokerage.