Are there any special rules for the sale of real estate by an executor?

Yes, there are certain rules that must be followed when an executor in Virginia wants to sell real estate. First, the executor must advertise the property for sale and give notice in a newspaper of general circulation in the county or city where the property is located. The executor must also provide potential buyers with the terms and conditions of the sale. Additionally, the executor must accept bids from buyers and must sell the property to the highest responsible bidder. The executor is also obligated to provide potential buyers with copies of the will, inventory, and other documents related to the estate. Finally, all sales must be approved by the court before being finalized. These rules are designed to ensure that the executor is acting in the best interests of the estate and that a fair price is obtained.

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Are there any special rules for the sale of real estate by an executor?

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