Q: I have received the letters of administration for an estate. The will authorizes me to sell real property.
How long do I have to wait after being appointed as PR to sell real property? Do I need to file anything with the court or notify interested persons of the sale? In addition, decedent also owns a mobile home. Am I required to get a formal appraisal for the mobile home?
A: There is no waiting time. Once you are appointed as PR your obligations are established by the Statutes and court rules. A PR runs into trouble when they wait too long, allow bad things to happen to the property, let others live in it, don't pay the mortgage, etc. But a PR may sign a contract with a broker. But if there are others on title (beside the decedent) they must also join in the broker agreement, and must also sign the deed at settlement. The mobile home is treated as personal property, and valued as such.
Cedulie Renee Laumann agrees with this answer
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