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Updated about 9 years ago on . Most recent reply

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Mike Herbon
  • Flipper
  • Harrison Township, MI
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Who to note as "Seller" on a probate/estate purchase contract??

Mike Herbon
  • Flipper
  • Harrison Township, MI
Posted

I have reached a verbal agreement with the executor of the the estate.  Whom do I list as the "Seller" on the real estate purchase contract?  Can anybody confirm that only the executor will need to sign the agreement in Michigan?  Thanks in advance.

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Mike Herbon,

I just put an offer in on an estate sale home. I made it to "The Estate of (the deceased's name)". I wouldn't expect much variation on that state to state.

If the house is in a trust, then the owner of record may be the name of the trust, and you would address the offer to the trust itself or the trustee - ask your attorney (I'm not one).

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."

- DJ Benedict

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