Tag Archive: Probate real estate

Probate Mythbuster: Do You Have to Empty an Inherited Home Before Contacting a REALTOR®?

When a loved one passes away, settling their estate often involves difficult decisions—and if the estate includes a home, many families feel overwhelmed by the thought of preparing it for sale. One of the most common misconceptions I hear is: “We have to empty the entire house before we can ...

Probate Mythbuster: Does the Executor Automatically Own the Estate’s Assets?

When someone passes away, emotions are often high, and families are faced with important legal and financial decisions. One of the most common misconceptions during the probate process is the belief that the executor of an estate automatically becomes the owner of the deceased person’s assets. The truth? Being named ...

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Probate Specialist & Real Estate Salesperson Sandra McCarty

We facilitate the best possible real estate deal. We value relationships over transactions.

Probate Specialist & Real Estate Salesperson Sandra McCarty

3 days ago

PROBATE MYTHBUSTER #57: TRUE OR FALSE?Once the inherited property is sold, the probate process is over.FALSE! Selling the property may be an important step in settling an estate, but it doesn't necessarily mean the entire estate has been settled.There may still be other matters to address, such as:1. Paying valid estate expenses and debts2. Accounting for estate assets3. Handling remaining property or financial accounts4. Distributing assets to beneficiaries5. Completing other required steps before the estate can be closedEvery estate is different, and the sale of the home is only one piece of the puzzle.The takeaway: Don't assume that closing on the house means you're finished with probate.If you're an executor or dealing with an inherited property in New York, having the right professionals in your corner can help you understand what needs to happen next.Did you think selling the house meant probate was over? Let me know in the comments! Are you navigating probate or inherited property in New York? I’m always here as a resource. Have questions? I have answers. Do put your questions in the comment section below or call me at (516) 300-2427.Save this post for later!#ProbateMyths #GenerationalWealth #ProbateRealEstate #EstatePlanning #BlackHomeownership #FamilyLegacy #InheritedProperty #ProbateMythbuster #EstatePlanning #TheHelpfulAgent #ProbateHelp #RealEstate #Executor #ProbateMyths #ProbateFacts #SandraMcCarty #EstatePlanning #NYRealEstate #ProtectYourLegacy #ProbateMyths #EstatePlanning #InheritedProperty #FinancialEducation #GenerationalWealth #RealEstate#ProbateMythbuster #TrueOrFalse #Probate #InheritedProperty #EstateAdministration #Executor #NewYorkRealEstate #LongIslandRealEstate #TheHelpfulAgent ... See MoreSee Less

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Probate Specialist & Real Estate Salesperson Sandra McCarty

1 week ago

Selling a property that's part of an estate?When a loved one passes away, settling the estate can involve much more than transferring ownership of the property.Outstanding debts, liens and other obligations may need to be addressed before an estate property can successfully move toward closing.If you're an administrator, executor or family member handling an estate, it's important to understand what may need to be resolved before putting the property on the market.In this video, I explain an important consideration when selling an estate property.Have questions about selling an estate property#realestates#estateplanningt#estatepropertyn#homesellingr#realestatetipsl#propertysalet#homesmartp#ProbateRealEstatet#InheritedPropertye#probatepropertyr#assetpreservationy#estatepropertyt#longislandrealestateL#newyorkrealtort#SandraMcCartya#thehelpfulagentr#squattersp#longislandprobaterealestatea#squatternewyorkpropertyatterNewYorkProperty ... See MoreSee Less

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Probate Specialist & Real Estate Salesperson Sandra McCarty

1 week ago

MYTH: “If someone dies with a mortgage, the bank automatically gets the house.”FACT: Not necessarily!The death of a homeowner does not automatically transfer ownership of the property to the mortgage lender.Depending on the circumstances, the estate or heirs may have options, which could include continuing the mortgage payments, refinancing, or selling the property.The important thing is not to panic or make assumptions. Understanding the mortgage, the estate, and the property's legal status is an important first step.If you've inherited a home in New York and aren't sure what to do next, getting the right guidance can help you understand your options.Have you ever heard this myth before? Let me know in the comments!Are you navigating probate or inherited property in New York? I’m always here as a resource. Have questions? I have answers. Do put your questions in the comment section below or call me at (516) 300-2427.Save this post for later!#ProbateMyths #GenerationalWealth #ProbateRealEstate #EstatePlanning #BlackHomeownership #FamilyLegacy #InheritedProperty#ProbateMythbuster #EstatePlanning #TheHelpfulAgent #ProbateHelp #RealEstate #Executor #ProbateMyths #ProbateFacts #SandraMcCarty #EstatePlanning #NYRealEstate #ProtectYourLegacy #ProbateMyths #EstatePlanning #InheritedProperty #FinancialEducation #GenerationalWealth #RealEstate ... See MoreSee Less

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Probate Specialist & Real Estate Salesperson Sandra McCarty

2 weeks ago

PROBATE REAL ESTATE TIP: Asset Preservation Isn't Just About the HouseWhen a property becomes part of an estate, protecting that property while the estate is being handled is extremely important.A vacant home can be vulnerable to maintenance issues, deterioration, unauthorized access—and potentially unauthorized occupants.In New York, if someone moves into a property without permission and establishes occupancy, removing them may not be as simple as changing the locks. New York Courts note that when someone has lived in a home for at least 30 days, an owner generally cannot simply lock them out without going through the appropriate legal process.As demonstrated in this video, that is one reason regular property checks and asset preservation are so important, particularly when an inherited property is vacant. As a Probate Estate Specialist, I help my clients think proactively about the property while the estate is being handled—including its condition, security, maintenance, and eventual sale. Want to learn more? Please visit my latest blog here: www.realestatehsci.com/asset-preservation-matters-protecting-an-inherited-property-during-probate/The Helpful Agent Tip:Don't wait until you're ready to list an inherited property to start protecting it.Protect the asset. Preserve its value#ProbateRealEstateo#InheritedPropertyh#probatepropertyP#assetpreservations#estateproperty##longislandrealestates#newyorkrealtor##SandraMcCarty #thehelpfulagentT#squattersg#longislandprobaterealestateo#squatternewyorkpropertyNewYorkProperty ... See MoreSee Less

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Probate Specialist & Real Estate Salesperson Sandra McCarty

2 weeks ago

MYTH: "The cheapest way to sell an inherited home is always the best way."FACT: Not necessarily.When selling an inherited property, the goal shouldn't simply be to spend as little as possible. What matters is the overall financial outcome for the estate.For example, skipping necessary repairs or professional marketing might save money upfront—but could potentially affect the property's appeal, sale price, or time on the market.On the other hand, spending thousands on renovations doesn't automatically mean you'll get that money back at closing.The key is developing a smart, property-specific strategy.Before spending money on an inherited property, consider:1. What repairs are actually necessary?2. Which improvements could potentially add value?3. Is selling the property as-is a better option?4. What will the estimated net proceeds be after expenses?5. How does the current market affect the strategy?The Helpful Agent Tip:Don't focus only on what something costs. Look at what it could mean for the estate's bottom line.Have you ever heard this myth before? Let me know in the comments!Are you navigating probate or inherited property in New York? I’m always here as a resource. Have questions? I have answers. Do put your questions in the comment section below or call me at (516) 300-2427.Save this post for later!#ProbateMyths #GenerationalWealth #ProbateRealEstate #EstatePlanning #BlackHomeownership #FamilyLegacy #InheritedProperty#ProbateMythbuster #EstatePlanning #TheHelpfulAgent #ProbateHelp #RealEstate #Executor #ProbateMyths #ProbateFacts #SandraMcCarty #EstatePlanning #NYRealEstate #ProtectYourLegacy #ProbateMyths #EstatePlanning #InheritedProperty #FinancialEducation #GenerationalWealth #RealEstate ... See MoreSee Less

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Sandra McCarty, MBA, SRS, CPE

Real Estate Salesperson &Probate Estate Specialist

Tag Archive: Probate real estate

Probate Mythbuster: Do You Have to Empty an Inherited Home Before Contacting a REALTOR®?

Probate Mythbuster: Does the Executor Automatically Own the Estate’s Assets?

Probate Specialist & Real Estate Salesperson Sandra McCarty