Blog Stories Probates and Real Property

Probates and Real Property

By Stacy Stokes, January 22, 2022

If you end as a personal representative for an estate, you will likely be taking on several duties to wrap up the estate. Oftentimes you are thrown into those duties unprepared and in a state of both mental and physical exhaustion. Everything can seem overwhelming, especially dealing with real property. In fact, even for those planning on selling, preparing to sell a house can take a great deal of time and effort. Additionally, real property ending up in an estate often suffers from deferred maintenance, missed mortgage payments, reverse mortgage, deferred property taxes, etc. A real estate professional can be a great help in gathering information and guiding you as you prepare the house for sale. They should be brought in early to create a plan that begins with preparing the house to marketing and selling the house. They can give advice about what needs to be done to get top dollar from the sale of the house and what can be left for the new owners to take care of. Real estate professionals can also recommend local professionals to get the house ready for market. I have worked with several probates over the years and find the biggest mistake made by personal representatives is waiting too long to call a real estate agent and trying to do too much themselves. Much of the early work can be taken off your shoulders or broken down into more manageable pieces. Your real estate agent is there to help you every step of the way. If you become a personal representative, please reach out early and get the help you need from local experts.

Stacy Stokes

Principal Broker | Earth Advantage | OR & WA

She/Her

I love Portland! It’s such a smart and accessible city. After moving here in 1996 to begin law school, I soon decided that there was nowhere else I would rather live. Finding a fit here in all aspects of life has been easy. My number one love is spending time with my two kids, Jake (9 yr old) and Hanna (12 yr old), my dog, K2 who is a Havanese, and cat, Tiga. Beyond that, you can find me cycling, rock climbing, running, hiking, skiing, volunteering in the community or exploring new corners of the city and new restaurants with my friends. I am always excited to show visitors the unique and funky neighborhoods Portland has to offer. I am especially drawn to the various architecture and offerings of the close-in east side and west side neighborhoods. After 3 years as an attorney/public defender, I came to the realization that Real Estate was the place for me. It allows me to constantly share the love I have for Portland’s houses and communities as well as to use my talent for helping others. Although, I’m a seasoned real estate broker, I believe that my background as an attorney has provided an invaluable platform off which to build my career. I have a firm understanding of what it means to put my client’s interests first, the art of negotiation and various contractual issues that arise in real estate transactions. Aside from these strengths, I realize that when buying a house it’s not just about finding the best structural fit but also finding the best lifestyle and neighborhood fit for you. I will listen to and truly understand your needs, find you the right home and close the deal to your satisfaction. Throughout the process, I will educate, advise and steadily guide you through what can often be an emotional and challenging time. In the end, my goal is that you have many years of happiness and peace knowing you’re in the best home and best community for you.
Read More
  • T: 503-351-3568
  • stacystokes@livingroomre.com

You might also enjoy

From First-Time Home Buyer Class to Home Ownership

Lily Ray Wyss

When we met Rocio and Diego over on Instagram, they weren’t sure how they were going...

Bookmas 2022!

Constance Rigney

This season always seems like a good time to make gift suggestions, and guess what we...

Easy Sustainable Choices & Changes You Can Make in Your Home

Bonnie Roseman

Portland is a hub of historical homes, with character behind every low gabled roof and foursquare...

How Living Room’s Health Insurance Saves Brokers Money and Brings Them Peace of Mind

Whitney

All licensed Living Room brokers automatically qualify for OAR’s Providence Medical Plan. Here are the stories...