RESOURCE GUIDE FOR EXECUTORS SELLING ESTATE OR PROBATE PROPERTY
NO DISCLOSURE STATEMENT REQUIRED
The Estate is not responsible for complying with Colorado’s Real Property Transfer Disclosure law and filling out a Seller’s Property Disclosure. However, executors, administrators and Realtors have an obligation to disclose known defects to buyers.
NO REPORTS
The Estate is not obligated to inspect the property or to provide reports such as structural, pest control, or any contractor’s reports. A buyer makes an offer based on their own physical inspection and not on any representation of the seller or seller’s agent.
”AS IS” SALE
During probate, the property may be offered “As Is” without representation, warranty, or covenant of any kind, implied or expressed. Therefore, the Estate is not liable as to the condition of property or its maintenance.
A COURT CONFIRMED PROBATE
This type is more time consuming and complicated because the sale
requires a court appraisal and a court approval.