Frequent questions
What families ask about the hearing.
Does every probate sale need court confirmation?
No. Under the IAEA, an executor or administrator with full authority can usually sell without court confirmation after giving a Notice of Proposed Action. With limited authority, the court must confirm the sale. If someone objects to the notice, the sale also needs court supervision.
Do trust sales go to court?
Usually not. A successor trustee can generally sell without court confirmation or overbids, unless the trust or a court order says otherwise.
What is a Report of Sale and Petition for Order Confirming Sale?
It is the court filing (form DE-260) that reports the accepted offer and asks the court to confirm it. Filing it is what sets the court confirmation hearing date.
How long does court confirmation take?
In our Los Angeles experience, the court confirmation hearing typically takes place 4 to 6 weeks after filing, and the signed order arrives 2 to 3 weeks after the hearing. Our contracts provide for closing within 10 days after escrow receives the order. Court schedules vary.
Does the price have to match the probate appraisal?
For a private sale, the price generally must be at least 90% of the appraised value. Both the appraisal and its valuation date generally must fall within one year before the confirmation hearing.
What does an overbidder need to bring?
A written bid, a deposit (a cashier's check for 10% of the bid is common) and the ability to close on the approved terms. Check the exact amount and payee in advance, and do inspections before the hearing.
What if nobody overbids?
As long as the sale meets the legal requirements, the court confirms it to the accepted buyer, and escrow can close once the order is signed.
Do I have to go to court?
Usually your attorney, if one is involved, handles the hearing, and the court's notice says who must attend. Anyone who wants to overbid has to appear, in person or as the court allows.
What if the hearing is continued?
It moves to a new date. Marketing continues, every interested buyer gets the new date, and contract or financing deadlines may need an extension.
Matias Baker Masucci is a licensed real estate broker, DRE 02054763, not an attorney. This guide is general information, not legal advice. Talk to a probate attorney about your situation.