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<p class="MsoNormal"><span style="color:#1F497D">John, you may wish to consider whether or not the appraised value (while fmv) is likely to be close to a sales price received through an actual listed sale. At least in King County, there are often competitive
bids these days, which drive the sale price higher than appraised value. Because of this environment, I would consider whether or not it would be smart to do a NJDRA.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Best, Claudia<o:p></o:p></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:12.0pt;font-family:ParkAvenue;color:#1F4E79">Claudia A. Gowan<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><b><i><span style="color:#1F497D"><o:p> </o:p></span></i></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">Claudia A. Gowan, PLLC<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">2101 Fourth Avenue, Suite 1900<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">Seattle, WA 98121<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">(206) 443-2733 (T)<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">(206) 448-</span></b><b><span style="color:#1F4E79">1843</span></b><b><span style="color:#1F497D"> (F)<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F4E79"><a href="mailto:claudia@cagowanlaw.com"><span style="color:#1F4E79">claudia@cagowanlaw.com</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F4E79"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F4E79"><a href="http://www.seattletrustsandestates.com/"><span style="color:#1F4E79">www.seattletrustsandestates.com</span></a><o:p></o:p></span></b></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Jon M. Fritzler<br>
<b>Sent:</b> Monday, November 02, 2015 10:01 AM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] Sale of real property to heir of decedent<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I would appreciate knowing how others advise their clients in the following situation. My client is the personal representative of an estate with multiple residuary devisees. One or more of the heirs has expressed interest in purchasing
one of the pieces of real property that is part of the residue of the estate. My client is obtaining a professional appraisal of the real property in question. My client has non-intervention powers. Would you recommend that the personal representative get
more than one appraisal of the real property in order to further protect her against any possible complaint by the devisees who do not purchase the property, or is one sufficient? Also, my client did not bring this up, but if a relative does purchase the property
the estate will not need the services of a realtor and will not have to pay a realtor’s commission. Is it appropriate to discount the sales price paid by the relative by the amount that the estate would have paid in realtor’s commissions?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sincerely,<o:p></o:p></p>
<p class="MsoNormal">Jon M. Fritzler<o:p></o:p></p>
<p class="MsoNormal">Attorney at Law<o:p></o:p></p>
<p class="MsoNormal">PO Box 61451<o:p></o:p></p>
<p class="MsoNormal">Vancouver, WA 98666<o:p></o:p></p>
<p class="MsoNormal">Tel. 360.818.4431<o:p></o:p></p>
<p class="MsoNormal">Eml <a href="mailto:fritzlerlaw@outlook.com"><span style="color:blue">fritzlerlaw@outlook.com</span></a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">CONFIDENTIALITY<o:p></o:p></p>
<p class="MsoNormal">The information contained in this email is intended only for the use of the person or entity to whom it is addressed. This email may contain confidential or privileged information. If you are not the person whose name appears above, or
the person responsible for delivering the email to the addressee, you are hereby notified that reading, using, copying, distributing or disseminating this communication is strictly prohibited. If you think that you have received this email message in error,
please email the sender at <a href="mailto:fritzlerlaw@outlook.com"><span style="color:blue">fritzlerlaw@outlook.com</span></a>. Thank you.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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