Diallo & Team Real Estate Services Diallo & Team Real Estate Services at NYREFCO, LLC 929-400-7653

Estate, probate & trust sales

You’ve just been made responsible for a house you didn’t ask for.

Executors, administrators, trustees and heirs at law are usually grieving, frequently out of state, often dealing with a sibling who has opinions, and personally accountable if the sale is handled badly. I take the property off your plate and keep the record clean.

Free guides

Start with the guide that fits

Selling a house in probate

When there’s a will: letters, the executor’s power to sell, and ancillary proceedings. With a flowchart.

Read the probate guide →

Selling a house with no will

Who can serve as administrator, who inherits, and how the sale gets authorized. With flowcharts.

Read the no-will guide →

How to sell your parents’ home

Who has the authority to sell, the options besides selling, and my seminar for families.

Read the parents’ home guide →

What makes an estate sale different

You are not selling your own house. You are selling someone else’s, on behalf of people who may not agree with each other, under a duty that exposes you personally if you get it wrong. The standard is not “I got a decent price.” It is “I can show that I acted reasonably, and here is the documentation.”

On top of that, the practical mess is real. Nobody has the keys. There’s a tenant nobody knew about, or a cousin living in the basement. The deed has a name on it that doesn’t match anything. There are forty years of belongings inside. Two of the four heirs want to sell now and two want to wait. And you’re trying to manage all of it from Georgia.

I’ve been handling these since 2004. Most of what goes wrong is foreseeable, which means most of it is preventable.

How the process runs

  1. Find out what you’re actually authorized to do

    Before anything else: has the court issued letters, and do they let you sell? Is the property in the estate or did it pass outside it? Are there restrictions? Your estate attorney answers this. I ask about it first, and the earlier we talk, the more time I can often help you save.

  2. Secure and document the property

    Locks, utilities, insurance status, occupancy. A photographic record of condition on day one. If someone is living there, we establish what their status actually is before, not after, we go to market.

  3. Price it

    What the property is worth as it stands, with the evidence behind the number. That is part of listing it. If you need a written value as of the date of death for basis or accounting purposes, that is a Retroactive Valuation, a separate service I offer.

  4. Decide clear-out and repair on the numbers

    Empty and paint, or sell as-is? I help you evaluate both paths and what each is likely to net after cost and carrying time. Sometimes as-is wins by a wide margin, and heirs are relieved to hear it.

  5. Market it properly

    Exposure appropriate to the property and the situation, with professional photography and floor plans where they fit. Who hears what, and when, depends on the situation and on the fiduciary’s duties.

  6. Close, with the record intact

    What was done, and when, is documented as we go, so if anyone questions the sale later, the answer already exists.

Situations I handle regularly

  • Heirs in disagreement, or scattered across states
  • An occupant with no lease
  • Hoarding and severe deferred maintenance
  • Open violations and unresolved permits
  • Properties with a life tenant
  • Sales requiring court approval
  • Estates where a cash buyer already made an offer that’s too low
  • A house left sitting for years while the family disagrees
  • An owner who lived out of state, with a house here

The full guides

Related

Questions executors ask me

An investor offered us cash to avoid the hassle. Should we take it?

Not without hiring me first. Investors tend to be sophisticated purchasers, and once you sign a contract, the leverage dynamic shifts dramatically. It’s not just a question of the price offered. It’s about making sure you actually get what you agreed to, whether it was the right thing to agree to, and how to keep from being held hostage and leveraged into closing a worse deal.

Do we have to empty the house first?

No. Sometimes it’s worth it and sometimes it’s money burned, and we’ll evaluate both paths. Either way, I have contacts and resources for cleanouts, repairs and maintenance, and I’ll shepherd you through everything.

I’m out of state. Can this be done without me flying up?

Usually, yes. Many of my estate sellers live out of state. Signing can often be handled remotely, and I go to the property so you don’t have to.

The heirs don’t agree on the price.

Then everyone gets the same price analysis at the same time, with the evidence behind it. Disagreement usually turns out to be a disagreement about information, not about value. When it’s genuinely about value, at least the argument is now about something specific.

Can you give us a date-of-death value for the accountant?

I prepare Retroactive Valuations, yes — and I’m one of the few people who will, because most appraisers either decline retroactive work or price it steeply. What I give you is a Fair Market Valuation prepared by a licensed broker, not an appraisal. It is a separate service I offer, apart from the sale.

The living room of a long-held family home

What actually happens to real estate after a death

Five minutes, and it answers most of the first call.

Death and real estate — what actually happens

Executors who let me record them

Recorded on camera, not written down and edited by me.

Estate seller“I inherited a property and needed help”

Estate clientTwo-family in the Bronx

Estate sellerServing the NYC metro

From executors, heirs at law and guardians

Diallo took over the renovation and sale of our parents’ properties and carried through even past the final sale and continued making necessary contacts in order to finalize unforeseen administrative details.

Margret Kaufmann-PankovTwo combined co-op units, separated and sold

Very considerate during a difficult time, prompt, courteous; the consummate professional… service is exemplary.

Sylvia M. ElliottGuardian, sold for her sister

Diallo was SUPER proactive and very diligent. Made extra effort to keep ‘all’ parties informed. Can not improve on perfection.

Cheryl JohnsonSold her family’s estate property, Brooklyn

Very professional and efficient. A pleasure to work with, even long distance.

R. E. Oba LloydEstate sale, Queens

Talk to me first.

Call me before you agree to anything — before the cash offer, before the cleanout, before you sign with anyone. I’d like to handle it for you, and if I’m not the right fit I’ll tell you who is.

Tell me about the property.

Where it is, who has authority to sell, and whether letters have issued yet. I’ll tell you what the sequence looks like from here.

Sending this doesn’t create any professional relationship and isn’t confidential. If your matter is in litigation, talk to your attorney before sending details.

Would you rather just talk? Call 929-400-7653.

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