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Arizona's Premier Estate Property Listing Agent Last Update: 01/05/2012
Step 17 Follows This Add, To Go There Now,
CLICK HERE
Under his own firm, M.D. is a long term practicing accountant
and fully understands the tax issues surrounding the selling of an estate home and
other estate property both residential and commercial. He also is
proficient in all estate valuation requirements, estate settlement
procedures and IRS/state of Arizona required tax returns that may be
due. M.D. is also a well known large inherited IRA expert & licensed
insurance advisor. M.D. has practiced as an estate planner,
consultant and document preparer for over 30 years.
As an Arizona Certified Legal Document Preparer
(AZCLDP) he is licensed to prepare estate settlement forms for the
Executor/Trix of a Will in Probate, or for the Trustee/Successor
Trustee of a Living Trust. M.D. has assisted in over 80 estate
settlements for both state, national & international clients with
estates as high as 5 million! Most estates range are in the
$300,000-$1,500,000 value range. As a Professional Realtor he implements modern tools that help sell your estate property quickly and at top dollar. Listing clients get MLS listings, custom home websites, photo sessions & staging. Also, open houses & neighborhood events are scheduled to increase home sales exposure. It is also note worthy to mention another reason why M.D. is your best choice to represent your estate property needs. First, serving as the estate "Coach" in one or more categories under his own firm Financial Strategies, Inc., (if retained to do so) he is going to co-ordinate all real estate activities with actual estate settlement progress on the family home, and for multiple properties or even with certain properties that may be out of state. Most importantly is that M.D. is not going to make the common mistakes most Realtors make when working with an estate manager subject to probate court or Trustee control. Many will go ahead and list the home for sale, sometimes before even being properly authorized by the county probate court. (A lawyer would tell you the contract may not be enforceable) Also, after listing a home for sale, they will receive offers and tell the seller to accept the offer, only finding out later by the title company that the home can not clear the title search because IT HAS TO GO THROUGH PROBATE! Over the years, M.D. has seen this happen over and over with Realtors who are zestful to brag about how successful they are but clueless when it really comes down to understanding estate settlement timelines and procedures and how they affect the listing contract. The intricate and important differences between selling estate properties and homes versus regular transactions that are not under court authority are striking. If you hire M.D., he will know the difference! And that will make YOU look good to the heirs! Why M.D. is a Realtor® with Realty One Group Realty One Group is a large and successful real estate brokerage firm (Largest in Nevada) that specializes in all types of real estate sales both residential and commercial. Further, Realty One Group has a professional Realtor® network of sales agents that are specialists in estate homes, ranch properties, land, and commercial properties throughout the state of Arizona. Along with M.D., they are available to help sell your estate properties no matter where they are located. Note: If the estate owns property outside of the state of Arizona, we serve as your co-coordinator to help you find a qualified agent to help and will make a referral for you. Valuation (and Possible Listing for Sale) of The Estate Home & Other Real Property In or Out of Arizona
But, so is seeking out a professional real estate advisor who understands the settlement process you are now conducting. M.D. Anderson has shortened Step 17 to just one step, as he is willing along with other associates (when required), to conduct a valuation of the estate home and other real property such as land, commercial property, vacation homes, etc. for you at no cost or obligation! You need these valuations for your inventory and his valuation will include recent comparable sales in the area, tax assessor values, Zillow™ values, and current active and recently closed listed homes on the Multiple Listing Service (MLS). With such a high quality valuation containing complete variation in pricing -- finding an "average" value will make your job much easier by letting M.D. do this work for free. As estate manager, you should be confident of the value he helps you establish for each estate property for estate settlement and distribution purposes. He will also give you any valuation documentation in a PDF electronic file for your estate records! Many times, Step 17 includes consulting with a Realtor® to list an estate property, usually being the home or extra homes and vacation properties. Of course, the only way to establish "True" value is to list and sell all estate properties owned. Based on the valuation M.D. offers, you will be ready to do that as well should you decide that it would best serve the needs of the heirs by listing and selling estate properties instead of trying to hang on to them or keep the estate open for years hoping real estate values return to former values we saw a few years ago. If you calculate the cost of keeping an estate open for ANY REASON, you may quickly see the value in converting main or second homes, vacation properties, land, or other commercial property interests into cash. Cash is easy to divide for heirs, necessary for paying estate bills or liabilities off, and is a common practice many estate managers discover as the best way to fairly distribute assets. Giving an heir "Cash" for their share may create the lowest liability for legal contests, or squabbles amongst the heirs. M.D. will provide all of your valuations with just a phone call. Most of your estate properties are already in his company database!!! Then, just a phone call will bring him to the door of any property you want to list for sale for a walk around and short conference on the terms of the listing contract, costs to sell, property listing suggestions, etc. So, again, Step 17 may include listing properties after doing the valuations, but all the work can be placed on M.D.'s shoulders so you can concentrate on the remaining 33 Steps that await you! If you are also an heir or feel you would like help in any other real estate matter away from the estate, M.D. is going to know your situation well if he is also your estate coach under his separate services offered by his own company. He can represent you for any buying or selling real estate task on the highest level of trust with his Realtor® services now being offered to you. Lastly, we want to disclose that any valuation obtained by a licensed real estate agent and/or Realtor® in the state of Arizona is not considered an appraisal and must be done at no fee for that reason. If an actual appraisal is needed for Federal Estate Tax purposes or for any other purpose, M.D. will notify you of that need and can also request associated appraisers in his brokerage firm network or make other appraiser referrals to assist you in obtaining a full appraisal valuation(s) for estate settlement purposes by a certified and licensed Arizona appraiser. Note: Residential appraisals run in the $250-$400 cost range per property. M.D.'s separate firm that sponsors this website, Financial Strategies, Inc., maintains a research database of date of death (DOD) Assessor and Online Zillow™ home values on many Arizona estates. There is an excellent chance his firm already has valuations you need for your inventory, just in case you didn't do this task on your own. Just contact him by E-mail to check for you if he has records for your deceased estate owner's personal residence. ASK M.D.
M.D.'s Real Estate Tips for Estate Managers Real Estate Tip # 1: Remember that the estate is worth exactly what valuations will eventually show it was worth on the day of death. It is not your job to hang onto estate properties until they magically can resume their former values. Unless you can walk on water -- your main job as estate manager is to PROTECT those values and to speed the estate process of distribution to heirs as much as possible. So, even if other heirs tell you to hang on to real estate properties until they recover back to those highest values, you must act as a fiduciary would at an institution. A good point to consider if this stigma presents itself in your discussion with heirs, is to remind them of how many properties banks are hanging on to so they can quickly recover and hit those high values. As a foreclosure home expert, I can attest that the banks are being flooded with new foreclosures and in turn, are flooding the foreclosures for sale markets right now! They aren't waiting. They are dumping these homes in fear they could go down more... Real Estate Tip # 2: Understanding the first tip, you can discover it is not your job to make the money grow. But, it is your job to keep the money from falling in value or from anyone raiding estate assets. The Will or Trust (or court if intestate) is the conduit or vehicle you use to accomplish your job tasks. As the conduit agent, you must concentrate on protecting the real estate assets and to distribute them to heirs as soon as possible. (Unless the conduit vehicle restricts you or is drafted to keep the estate open for minors, special needs, or other estate planning reasons) When a home or piece of land can not be divided "in kind" amongst the heirs (after proper valuations are obtained), your only option is to sell it! Going to cash in real estate right now is protecting the asset from future loss before you are cleared to distribute that asset. It may very well be the best option for you and your estate property you are managing at this time. Real Estate Tip # 3: When it comes to real estate, and estate properties specifically, it is traditional here in Arizona for the home to possibly need more work before it can be listed. Death strikes a family either unannounced or unprepared for it and many times, estate homes need more work to get them ready for listing on the MLS nationwide home listing services. So be prepared for lower offers from investors if you decide to list properties needing repairs or upgrades. A big plus in the current market is that homes needing repairs or upgrades are being "bid up" in many areas by increasing amounts of real estate investors willing to buy real estate for potential rental or flipping profits -- rather than keeping their funds in low paying bank accounts any longer. (Of course, this makes the banks scramble to sell more foreclosures to replace the lost deposits) Real Estate Tip # 4: Lastly, it is important to discuss Arizona residential homes valued over $500,000, high end vacation properties, and all commercial properties if this applies to your estate property inventory. As you may surmise, these properties take STRONG marketing methods to sell as they are much more difficult to market in our current economic environment. However, if you fully understand the first two real estate tips, then you can understand why it is extremely important that you place any high end properties with a qualified listing agent or Co-agents associated with a luxury home sales brokerage company who can best serve your needs to get these items listed. More importantly, who can get these properties sold for the highest dollar value possible! To Review, download, or print the Estate Manager Listing Contract (and other required forms to engage MD as your Estate Realtor), CLICK HERE
To Go Back to the main page, CLICK HERE To Go Back to Steps 1-8, CLICK HERE To Go Back to Steps 9-16, CLICK HERE To Proceed Ahead to Steps 18-25, CLICK HERE Notice and Disclosure: Realty One Group provides Real Estate Sales Services only. Realty One Group is not associated in any way, directly or indirectly with Financial Strategies, Inc. or any website content other than that relating solely to real estate sales activities and specific to the content of this page pertaining to offered REAL ESTATE services only -- of this multiple page website. Therefore, Realty One Group does not administer, endorse, promote, support, supervise or manage any non- real estate sales activity of owner Michael D. Anderson, President of Financial Strategies, Inc., or any other page of this website, or any other website linked to this website, or any other content pertaining to non real estate sales services he may offer in the estate administration field or any other linked financial service he may provide from other websites. Realty One Group does provide real estate sales brokerage services solely to Michael D. Anderson as a Realtor/Agent of the broker of record as an individual and not as an associate through his own firm, Financial Strategies, Inc.
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While
you may still be waiting for a death certificate, it is important to
find time to do a valuation of all real property in the state of
Arizona. Working with a qualified Realtor
